The security situation in eastern Ukraine is currently more volatile than it has been for weeks, Erkki Tuomioja (SDP), the Minister for Foreign Affairs, has estimated following reports that hostilities near Donetsk have flared up and that armoured military vehicles have crossed into the region from Russia.
Although all the details have yet to surface, Tuomioja believes the big picture is “clear enough”.
- Category: Business
- Created on 11 November 2014
The owners of small and medium enterprises too often have to wait too long for payments for their products and services, the Ministry of Justice has determined.
Late payment of bills is an increasingly popular means among large corporations to improve the management of their cash resources. Smaller companies, as a result, have to resort to more expensive means of short-term financing while waiting for payments.
A handful of Finnish companies have taken advantage of lax tax regulations in Luxembourg in an attempt to minimise their tax liabilities, YLE reports.
Classified documents provided to YLE's investigative journalists indicate that a total of seven companies from or with ties to Finland – such as Huhtamäki, SRV and Suomen Lähikauppa – have successfully avoided corporate taxes on their proceeds in Luxembourg practically entirely.
Discrimination against people with disabilities has increased in student selection.
Advocacy organisations for the disabled have over the past two years looked into 15 cases in which applicants have been denied admission to degree programmes on insufficient grounds. “A person with impaired vision wasn't accepted into practical nurse training, a person with dwarfism wasn't accepted into occupational therapist training and a person with a physical disability not into social services training,” lists Sari Kokko, an education policy officer at the Finnish Federation of the Visually Impaired.
Petteri Orpo (NCP), the Minister of Agriculture and Forestry, met on Monday the commissioner responsible for agriculture and rural development, Phil Hogan, along with his colleagues from other European countries.
Yet, milk producers will have to wait a while longer for a decision on measures to offset the impact of sanctions by and against Russia.
- Category: Business
- Created on 10 November 2014
The value of new orders in the manufacturing industry increased by 54.8 per cent year-on-year in September, according to Statistics Finland.
The increase is largely attributable to the couple of major orders received by the offshore and maritime industry, which boosted order intake in the metal industry by as much as 81.4 per cent.
The relations between Russia and the West have deteriorated to a post-Cold War nadir, President Sauli Niinistö estimated in his address at the opening ceremony of the National Defence Course on Monday.
In his address, Niinistö analysed the ramifications of the conflict in Ukraine on the security situation in Finland, the Baltic Sea Region and Europe.
The Financial Supervisory Authority (Fiva) is scheduled to deliver its ruling on the alleged wrongdoings at Eläke-Tapiola this week.
According to information obtained by Helsingin Sanomat, Fiva is to issue a public letter of reprimand at the earliest on 11 November and is also likely to hold a press conference on the matter along with Elo, the successor of Eläke-Tapiola.
Prime Minister Alexander Stubb (NCP) estimates that it would be “silly” to postpone the reform of social welfare and health care services until after the upcoming parliamentary elections. “I'm confident that it will be ready,” he stated during his weekly interview with YLE Radio Suomi on Sunday.
The National Coalition, Stubb assured, is committed to implementing the reform before next spring's parliamentary elections.
More and more pensioners are stuck in a cycle of debt.
The share of over 60-year-old guarantee applicants at the Guarantee Foundation has nearly doubled since 2011. Similarly, the number of over 65-year-old people with payment problems has increased from 17,000 in 2012 to 23,000, according to statistics compiled by Suomen Asiakastieto.
- Category: Business
- Created on 09 November 2014
All Nordic banks, including Finnish lenders tested by the European Central Bank (ECB), passed, and none will need to raise fresh capital. The ECB identified a €25 billion shortfall ($32 billion) after 25 euro-area lenders failed its stress test.
SWEDEN'S banks topped the European Banking Authority's (EBA's) examination, a result the nation's regulator says is largely due to its commitment to some of the world's strictest capital requirements.
- Municipal ICT company became bottomless pit in need of funding
- Helsinki centre shifting towards Kamppi
- Finland could receive foreign assistance in area surveillance
- Stubb wants UK to stay in EU
- Police: Nurse tried to kill elderly patient several times
- Services on western metro lines likely to start in manual mode
- Arla seeks damages over predatory pricing
- Marimekko profits rise after cost cuts and growth in Asia
- Talvivaara Sotkamo to file for bankruptcy
- Workload of child welfare officials is a concern, admits Huovinen