- Category: Business
- Created on 23 September 2015
Terrafame, a state-owned special-purpose company, is seeking a new ruling from the Administrative Court of Vaasa on the drainage of waste water from the mine of Talvivaara in Sotkamo.
Information obtained by Helsingin Sanomat indicates that without the reversal Terrafame will not be able to take control of water management at the nickel mine and that the excess water consequently poses a risk to the nearby environment. The scenario would mark the end of the newly-established mining company.
Member states of the European Union approved by a qualified majority on Tuesday a proposal to re-settle 120,000 asylum seekers across the continent.
The decision was taken, unconventionally, by majority voting due to fierce opposition from Hungary, Slovakia, the Czech Republic and Romania. The decision effectively grants other member states the authority to impose sanctions against the countries in East-Central Europe unless they receive their share of the asylum seekers.
The Centre Party has held on to its position as the largest political party in Finland with a wide margin over its closest rivals, despite witnessing a down-tick in its approval rating.
The vote haul of the Centre Party would be 22.3 per cent if the parliamentary elections were held today, while that of the National Coalition Party would be 18 per cent and that of the Finns Party 15.6 per cent, according to a poll commissioned by Helsingin Sanomat.
Asylum seekers crossing the order from Sweden into Tornio will, starting today, be directed to a new hub, a so-called hotspot, set up in a former general upper secondary school where they must stay until the authorities have registered their arrival.
Captain Jukka Savolainen from the Finnish Border Guard revealed on Monday that bus operators have been notified of the new arrangement but refrained from confirming whether or not the new instructions also apply to taxi operators.
Erkki Liikanen, the Governor of the Bank of Finland, believes the cost-saving measures drawn up by the Government are not spread evenly among the public. “People are ready to come to terms even with difficult decisions, if they're just and affect everyone,” Liikanen estimated in an interview on YLE's Ykkösaamu on Saturday.
He commented on Friday's massive demonstration by viewing that it was “the basic right of the public” and that the protesters were largely people who believe the austerity measures affect them.
Joseph Stiglitz, a 73-year-old economist who is known as an outspoken critic of the economic policy pursued in the eurozone, has turned his attention to the Government of Finland.
“Internal devaluations have practically never worked,” Stiglitz says, referring to the plans of the Government to slash wages in order to promote exports. “One indication of this is that almost every country has abandoned pegged currency rates.”
“You're digging a hole for the development of Finland,” Katja Talvitie said while sitting in a café in the main building of the University of Helsinki on Thursday with her fellow theology student Martina Mäkäräinen.
The Board of the University of Helsinki decided on Wednesday to launch negotiations with the entire university staff over the redundancies of a maximum of 1,200 people by the year 2020.
Schools: The Trade Union of Education in Finland (OAJ) has estimated that all schools will remain open on Friday despite the massive demonstration mounted by labour market organisations in protest of the changes to the terms and conditions of employment outlined by the Government.
The Teachers' Union in Helsinki (HOAY) has assured that no schools will be shut down due to the demonstration.
Prime Minister Juha Sipilä (Centre) delivered a rare televised address on Wednesday evening in yet another attempt to plead with labour market organisations to re-write the much-criticised changes to the terms and conditions of employment outlined by the Government.
“Come up with less difficult measures within collective agreements to replace the ones perceived as difficult, such as Sunday work bonuses,” Sipilä urged in his address broadcast by Yleisradio.
David Hofman, the head of a delegation from the International Monetary Fund (IMF) to Helsinki, has voiced his confidence in the ability of Finland to overcome its economic problems.
“Based on the discussions we've had, it seems that everyone is well aware of the gravity of the situation. A favourable characteristic of the Finnish society is that economic problems have, at least in the past, been solved by working together,” he says.
Björn Wahlroos, the chairman of the board at Sampo, Nordea and UPM, has described next Friday as an eye-opener.
The outspoken banker has little sympathy for the massive demonstration to be mounted by trade unions. “A considerable part of the country doesn't seem to be of the opinion that Finland must do something to generate economic growth,” he lamented.
- Several people may be involved in jewellery shop robbery in Helsinki
- Children eat too much meat, new dietary guidelines state
- YLE: Isis claims suicide bombing by Finnish national
- Friday's strike set to halt all rail traffic
- Finland to raise taxes on wealthy
- Productivity is top priority
- Hesburger expanded to St. Petersburg amid uncertainty
- Government to restrict right to agree on terms of employment
- Ministry of Finance: Finnish economy to contract also in 2015
- Christian aid organisations confused by Soini's refugee remark