The Ministry of Justice has published a 20-page statement picking apart the draft bill of the Government for the reform of social welfare and health care services, arguing for example that the bill fails to fulfil its constitutional requirements.
With the bill needing further preparatory work and the electoral term nearing its end, the ministry is concerned that the Parliament will not have the time it needs to subject the bill to thorough scrutiny.
The Finnish Government has commissioned a report on the future economic challenges of Finland from Anders Borg, a former Swedish Minister of Finance.
A press release issued on Tuesday indicates that the report is intended for use in the next electoral term and will include an assessment of the prevalent economic conditions as well as proposals for key economic policy objectives and measures.
- Category: Business
- Created on 15 October 2014
Stockmann warned on Tuesday that it expects its annual operating profits, excluding non-recurring items, to fall into the red due to an uncertain outlook for the rest of the year and weaker-than-expected performance, especially by its fashion chain Seppälä.
In its previous profit guidance in June, the traditional retailer estimated that its operating profits would fall well short of the levels of last year.
If Nokia can provoke emotions in Finland, so can Apple in the United States.
This has been noticed by Prime Minister Alexander Stubb (NCP), whose comment about the California-based technology behemoth has spread like wildfire across American newspapers, blogs and social media networks.
The recent decision by Standard & Poor's to downgrade its long-term sovereign debt rating on Finland to AA+ only had a minimal effect on the borrowing costs of the country.
Secondary market interest rates on sovereign bonds issued by Finland crept up by 0.02 percentage points on Monday, with the interest rate on the ten-year bond settling at 1.04 per cent. In addition, the difference between interest rates on sovereign bonds issued by Finland and Germany remained unchanged as also the rates on German bonds rose.
Pauliine Koskelo, the President of the Supreme Court of Finland, has expressed her disapproval at the plans of the Government to reduce appropriations for courts of law and the Finnish Prosecution Service.
“It's perfectly clear that slashing the appropriations without reforms will lead directly to poorer administration of justice,” she argues in an interview with Helsingin Sanomat.
Afghan law enforcement officers have arrested one man on suspicion of shooting to death two Finnish aid workers in the western Afghan city of Herat in July, the Governor of the Herat province, Fazlullah Wahidi, has revealed to Helsingin Sanomat.
“The police have caught the man. He is in prison,” Wahidi told over the phone from Herat. “But the investigation is still ongoing.”
- Category: Business
- Created on 13 October 2014
The Finnish Government has committed to reducing its stake in Finnair in the spring of 2019 in connection to an incentive plan thrashed out by the airline and the Finnish Air Line Pilots' Association (SLL).
The Government will, regardless, remain the majority shareholder in Finnair, with a stake of 53.5 per cent instead of the current 55.8 per cent.
One person has been taken to a hospital for treatment after sustaining relatively serious injuries in a stabbing at the Rautatientori metro station in downtown Helsinki shortly after 3pm on Monday, the Helsinki Police Department has revealed.
“The police have brought two men born in the 1980s into custody on suspicion of the act,” detective inspector Heikki Kallio says, revealing that the men are tentatively suspected of aggravated assault.
Juha Sipilä, the chairperson of the Centre, estimates that the decision by Standard & Poor's to downgrade its long term sovereign debt rating on Finland is an indication that the country can no longer postpone making difficult decisions.
“The lower credit rating will in the longer term affect the borrowing costs of Finland,” the opposition leader cautions in his blog.
Jarmo Oresmaa, a senior inspector at the Regional State Administrative Agency (Avi) for Southern Finland, has dismissed allegations that posts by private bloggers could have prevented the granting of an alcohol licence to a beer and whisky event set to take place in Helsinki in late October.
Mikki Nyman, the organiser of the event, told Helsingin Sanomat on Friday that the licence was contingent on the willingness of two bloggers to remove the word whisky from all blog entries referring to the event.
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