- Category: Business
- Created on 30 October 2014
Nestled in the southeast corner of Finland is a pristine region dotted with lakes and pines that's the eurozone's first point of call for many Russian shoppers.
It's here in the town of Lappeenranta, just 200 kilometres away from St. Petersburg, where the weaker ruble and a sanctions dispute between the European Union and Russia is taking an especially big bite out of the economy.
The prices of old condominiums fell by 1.3 per cent in Greater Helsinki and by 0.7 per cent in the entire country between July and September, according to preliminary data released by Statistics Finland on Tuesday.
Elina Vuorio, a senior official at Statistics Finland, cautions against drawing too far-reaching conclusions on the basis of price developments over a single quarter.
Finland will continue to trim down its network of diplomatic missions abroad by closing its embassies in Slovenia, Slovakia and Luxembourg by the end of next year due to a decision to cut the appropriations of the Ministry for Foreign Affairs for operating expenses.
The closures are projected to generate savings of 1.8 million euros next year.
Security policy was one of the main talking points as the premiers of Nordic countries sat down during a Nordic Council session in Stockholm on Tuesday.
In a press conference held before the meeting, members of the media were particularly interested in the possibility of Finland and Sweden seeking Nato membership in light of the heightened tensions in the Baltic Sea.
- Category: Business
- Created on 29 October 2014
Up to 380 jobs are at risk after Stockmann announced on Wednesday that it will launch consultative negotiations with all of the roughly 800 people employed by Seppälä in Finland in response to the deteriorating profitability of the fashion chain.
“The operating losses have increased during this year,” highlights Kaj-Gustaf Bergh, the board chairperson at Stockmann.
Childlessness is more common in Finland than in all but two other European countries, finds a recent study by the Population Research Institute.
With roughly one in five of 40—44-year-old Finnish women being childless in 2010, childlessness was more common only in two of the nearly 30 countries incorporated in the study, Italy and Switzerland.
Ari Konttas (NCP), the chairperson of the Espoo City Board, has voiced his disapproval with the manner in which the tentative plans of Espoo to outsource its real estate and municipal engineering services were made public.
Helsingin Sanomat reported on Tuesday that a small group of officials has worked on revisions to the service organisation of Espoo that could result in the outsourcing of nearly one thousand jobs.
Soili Suonoja has stepped down from her position as board chairperson at four state-owned companies following public allegations that she has abused her position of trust to help her relatives secure various positions with the companies.
YLE was the first to write about her decision to resign from the boards of Finavia, Alko, Leijona Catering and Finnpilot Pilotage.
The chairperson of the Centre Party, Juha Sipilä, has stirred debate by estimating that there are too many public servants in Finland.
The opposition leader stated in an interview with Yrittäjät.fi last weekend that the number of municipal and state officials should be reduced by tens of thousands. On Monday, he specified that over the coming ten years the number could be reduced by 20,000 due to improvements in productivity.
Finnish farmers face an anxious couple of weeks before the European Union confirms whether or not it will compensate them for the losses arising from the unrest in Ukraine.
Risto Artjoki (NCP), a state secretary at the Ministry of Agriculture and Forestry, estimates that Finland is in a reasonable negotiating position. “The member states and the commission have determined that the situation of Finland and the Baltic countries is somewhat different from the general situation in the European milk market.”
The District Court of Lapland has detained a 31-year-old man with a long list of prior run-ins with the law for probable cause of manslaughter for stabbing to death a 16-year-old student at a general upper secondary school in Utsjoki on Friday.
He has confessed to the stabbing in interrogations.
- Helsinki prepared to cough up for new library
- Valio starts sales of Russian milk in St. Petersburg
- Finnish banks pass ECB health check
- Eläke-Tapiola suspected of misuse of pension assets
- Minister of Environment re-affirms commitment to wetland protection
- Woman and three children die as car crashes into coach in Rautavaara
- Soini and Sipilä question NCP's commitment to care reform
- Fatal stabbing at Sami high school in Utsjoki
- Finnair and Marimekko seek growth in China
- Close vote expected on equal marriage rights