Codenomicon, a Finnish data security firm credited for the recent discovery of a major data security vulnerability, has ties with the most influential cyber-security organisations in the world. Helsingin Sanomat believes the clients of the originally Oulu-based firm have included the National Security Agency (NSA), the United States Department of Defence and the Nato Cooperative Cyber Defence Centre of Excellence in Tallinn, Estonia.
Last summer, Codenomicon revealed that roughly a quarter of its revenue stems from the defence sector.
All Finnish pensions, including earnings-related pensions, will only increase by 0.4 per cent in 2015, the Government decided in its framework session. For pensioners, the decision translates to a permanent decrease in their earnings-related pensions unless a compensatory increment in pension indices is adopted in the years to come.
The previous time earnings-related pension indices were cut in Finland was during the 1990s recession.
Approximately 68 per cent of the Roma people in Finland say that they have experienced discrimination over the last year, indicates a report published on Thursday by the Ombudsman for Minorities. Most of the discrimination, the respondents tell, takes place in everyday situations, such as shopping.
The perceptions of young unemployed people of working life are widely positive. A survey conducted by the Finnish Slot Machine Association (RAY) finds that nearly three in four young job-seekers want to find employment over the next 12 months and over one in two are ready to accept almost any kind of work.
The survey by RAY canvassed the attitudes of 18—29-year-old unemployed people toward work and working life.
- Category: Business
- Created on 10 April 2014
While four airlines command an 85 per cent share of the domestic air transport market in the United States, in Europe a corresponding share of the market is shared by 50 airlines. That, essentially, explains why a wave of airline consolidations is expected to sweep over the continent.
The other reason is the weak profitability of airlines.
Phishing e-mails spammed from accounts that appear to belong to the Finnish Customs have enabled swindlers to obtain roughly 50,000 euros in instant loans, the Helsinki Police Department has revealed. At present, the swindlers are believed to have obtained roughly two dozen loans, after the police were notified of 17 new illicitly obtained loans by victims all across Finland earlier this week.
The number of victims may yet rise further.
- Category: Business
- Created on 10 April 2014
The benefits of a high-tech information-based economy are clear, but so are the dangers.
FINNISH policy-makers have a goal of moving the economy towards knowledge-based activity. By this, Finland would be able to leverage top educational standards, high-tech know-how and strong infrastructure. Yet becoming a knowledge-based economy has its risks as well.
The amount of development aid provided by Finland increased by 54 million euros year-on-year last year, the Ministry for Foreign Affairs has announced. Altogether, Finland in 2013 contributed 1,081 million euros, equivalent to 0.56 per cent of its gross national input, to official development co-operation projects.
In 2012, the amount of development assistance provided equalled 0.53 per cent of the gross national input.
The current legislation on organised crime is ambiguous and in need of revisions, concludes a task force at the Ministry of Justice in its memorandum. Due to the ambiguity, Finnish authorities have divergent interpretations of the very nature of organised crime, the task force highlights, pointing out that such conflicts have surfaced even within the Finnish Police.
Today's parents may have to cough up as much as 90,000 euros for their child to pursue ice hockey as a hobby for ten years, reveals Drop-out or throw-out, a study published by the Ministry of Education and Culture on Tuesday.
According to the study, the most expensive children's sports hobbies are horse riding and figure skating and the least expensive floorball and Finnish baseball.
Passengers on Finnair's long-haul services will be among the first in the world to experience the cutting-edge technology aboard the Airbus A350, with the Finnish airline scheduled to receive the new aircraft in the autumn of 2015.
Finnair and Airbus have had to develop a heavy-duty security system to prevent third parties from hacking into the on-board computer system of up to 1,500 software.
- Services can boost economic growth in Finland
- Government shoots down proposals by the opposition
- Finland must revise its data protection laws
- Finnish cleantech firms eager to foray into Brazil
- China approves sale of Nokia's handsets to Microsoft
- Tuition fee trial flops
- Publisher of Finnbay yet to come forward
- No need for snap elections, Katainen says
- The name of the game on building sites is to produce second-class quality
- Number of complaints regarding social services on the increase