Jarkko Eloranta, the president of the Central Organisation of Finnish Trade Unions (SAK), has urged employers to make investments and thereby promote economic growth and job creation.
Jarkko Eloranta, the president of the Central Organisation of Finnish Trade Unions (SAK), has urged employers to make investments and thereby promote economic growth and job creation.

The number of lay-offs dropped to a five-year low in Finland in 2016, reports the Central Organisation of Finnish Trade Unions (SAK).

SAK highlights in a press release that both the number of employees affected by consultative negotiations and the expected number of lay-offs fell especially towards the end of last year, boding well also for 2017.

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The euro, used by nearly 340 million people each day, celebrated its 15th birthday on Sunday, 1 January, 2017.
The euro, used by nearly 340 million people each day, celebrated its 15th birthday on Sunday, 1 January, 2017.

Finland would do itself a disservice by withdrawing from the euro, says Kenneth Rogoff, a professor of economics at Harvard University and former chief economist at the International Monetary Fund (IMF).

“Finland is a country where the fundamentals are okay. If it were to leave the euro alone, it would be a dangerous decision. Why would Finns want to do that?” he stated in an interview with Uusi Suomi in Stockholm.

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Finnish exports are forecast to grow by approximately three per cent year-on-year in 2017, according to several research institutes.
Finnish exports are forecast to grow by approximately three per cent year-on-year in 2017, according to several research institutes.

Finland's export-oriented industries have reason for cautious optimism, although export forecasts have recently failed year after year with the national economy being been affected by shocks and eroding competitiveness, reports Kauppalehti.

“The growth outlook for the world economy is slightly brighter than before,” says Markku Lehmus, a researcher at the Research Institute of the Finnish Economy (Etla).

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Upcoming changes to the alcohol legislation would cut in half the passenger imports of mild alcoholic beverages, found a survey commissioned by the Finnish Grocery Trade Association.
Upcoming changes to the alcohol legislation would cut in half the passenger imports of mild alcoholic beverages from Estonia, found a survey commissioned by the Finnish Grocery Trade Association.

The mooted alcohol legislation reform would significantly reduce the passenger imports of beers, ciders and long drinks, indicates a survey conducted by Taloustutkimus and commissioned by the Finnish Grocery Trade Association (PTY).

PTY believes the proposed legislative changes would cut in half the passenger imports of strong beers, ciders and long drinks from Estonia.

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President Sauli Niinistö commented on a number of topical issues in an interview on YLE TV1 on Saturday.
President Sauli Niinistö commented on a number of topical issues in an interview on YLE TV1 on Saturday.

President Sauli Niinistö has estimated that the sanctions against Russia can be dissolved only in the event that progress is made in resolving the disputes for which the sanctions were originally imposed.

“You naturally have to keep in mind why the sanctions were imposed in the first place. They weren't imposed because of terrorism but because of Crimea and Ukraine,” he reminded in an interview on YLE TV1 on Saturday.

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Anne Berner (Centre), the Minister of Transport and Communications, has assured that motorists will not be tracked without their consent despite the possible introduction of distance-based road-use charges.
Anne Berner (Centre), the Minister of Transport and Communications, has assured that motorists will not be tracked without their consent despite the possible introduction of distance-based road-use charges.

Anne Berner (Centre), the Minister of Transport and Communications, has dispelled concerns aroused by her proposal to equip road vehicles with tracking systems as part of the mooted introduction of road-use charges.

Motorists will not be subjected to tracking without their consent, she assures in a press release from the Ministry of Transport and Communications.

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The S Group announced on Monday that it is lowering the prices of over one hundred home-grown vegetables.
The S Group announced on Monday that it is lowering the prices of over one hundred home-grown vegetables.

The S Group has reiterated that the cuts in the prices of home-grown vegetables will be made by lowering its own profit margin, not by imposing lower prices on agricultural producers.

“The S Group will allocate 45 million euros for [lowering] the prices of home-grown food. We've held no talks whatsoever with producers about prices. We've clearly instructed all stakeholders that no talks about producer prices will be held in relation to the price reductions,” Ilkka Alarotu, the head of assortments and pricing at the retail co-operative, tells Uusi Suomi.

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The chairpersons of the three ruling parties, Timo Soini (PS), Juha Sipilä (Centre) and Petteri Orpo (NCP), have yet to find common ground on the scope of the spending cuts still needed to balance the public economy.
The chairpersons of the three ruling parties, Timo Soini (PS), Juha Sipilä (Centre) and Petteri Orpo (NCP), have yet to find common ground on the scope of the spending cuts still needed to balance the public economy.

Aki Kangasharju, the chief economist at Nordea, estimates that efforts to balance the public economy are becoming less of an obstacle to the economic growth of Finland.

“Almost everyone agrees on the necessity to balance the public economy of Finland. Our income and expenditure account is still not in balance, although the situation has indeed improved,” he writes in a recent blog entry.

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Prime Minister Juha Sipilä (Centre) attended a plenary session at the Finnish Parliament on 21 December, 2016.
Prime Minister Juha Sipilä (Centre) attended a plenary session at the Finnish Parliament on 21 December, 2016.

Prime Minister Juha Sipilä (Centre) has found himself under intense media scrutiny for leading a business delegation for an export promotion trip to India in February, 2016.

Iltalehti on Tuesday reported that the business delegation included Chempolis, an Oulu-based developer of bio-refining technology, which announced on the last day of the export promotion trip that it has been awarded a contract to build a 110 million euro bio-refinery in Assam, North-east India.

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The Social Insurance Institution of Finland (Kela) began its widely-discussed basic income experiment on 9 January, 2017.
The Social Insurance Institution of Finland (Kela) began its widely-discussed basic income experiment on 9 January, 2017.

Excessive media interest may distort the results of the newly-launched basic income experiment, warns the Social Insurance Institution of Finland (Kela).

“The interest is understandable, but in order not to distort the results the participants should not be approached simply because of the experiment. Also other media attention can undermine the integrity of the results from a research viewpoint,” Olli Kangas, the director of community relations at Kela, writes in a blog with researchers Tapio Räsänen, Miska Simanainen and Jouko Verho.

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