The Finnish Innovation Fund (Sitra) has published a report that is one of the first of its kind in terms of proposing targets for per-capita footprints and a number of consumption-related solutions for reaching them. (Martti Kainulainen – Lehtikuva)

FINNS will have to change their lifestyles and consumption habits dramatically in order to limit global warming to the threshold of 1.5°C above pre-industrial levels, states the Finnish Innovation Fund (Sitra).

“There is a huge gab between our current lifestyles and the lifestyles that are in line with the Paris Agreement,” tells Markus Terho, the director of a sustainable everyday life project at Sitra.

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Stefan Wallin (SFP) attended an ecumenical service as part of the closing ceremony of the parliamentary session at Helsinki Cathedral on 10 April 2019. (Vesa Moilanen – Lehtikuva)

LOBBYISTS have been lobbying for a register for lobby transparency for years in Finland.

Taru Tujunen, the chief executive at Ellun Kanat and former party secretary at the National Coalition, views that a statutory lobbyist register would be beneficial for both decision makers and all organisations engaged in advocacy.

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The Ministry of Economic Affairs and Employment has reminded that employment growth is starting to be limited by structural unemployment, labour market mismatch and changes in the population’s age structure. (Heikki Saukkomaa – Lehtikuva)

THE FINNISH LABOUR MARKET is showing signs of slowing down after an exceptionally strong year, indicates a short-term labour market forecast published on Tuesday by the Ministry of Economic Affairs and Employment.

The forecast shows that employment growth will halve from the previous year in both 2019 and 2020.

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A man works at the construction site of Nord Stream 2, a gas pipeline linking Germany and Russia, in Lubmin, Germany, on 26 March 2019. (Tobias Schwarz – AFP/Lehtikuva)

THE ROLE OF LOBBYISTS has continued to vivify the debate surrounding the coalition formation negotiations led by Antti Rinne, the chairperson of the Social Democrats.

Talouselämä on Sunday wrote that Matias Mäkynen and Marcus Rantala, who respectively have been assigned to the negotiations by the Social Democrats and Swedish People’s Party, are both employed by Rud Pedersen Public Affairs, a lobby firm operating in the Nordics.

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Jarkko Eloranta, the chairperson at the Central Organisation of Finnish Trade Unions (SAK), was photographed at the House of Estates in Helsinki on 9 May 2019. (Heikki Saukkomaa – Lehtikuva)

THE CENTRAL ORGANISATION of Finnish Trade Unions (SAK) has struck fears into the hearts of business owners with its proposal to collect almost a billion euros in additional tax revenue, reports Talouselämä.

The proposal was presented to the tax policy task force formed by the five parties involved in the coalition formation process on Tuesday by Ilkka Kaukoranta, the chief economist at SAK.

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Finnish wage earners have already done their part for competitiveness, states Trade Union Pro. (Antti Aimo-Koivisto – Lehtikuva)

THE OBJECTIVE of the next round of collective bargaining negotiations must be to agree on measures to secure the growth of purchasing power and offset the negative changes introduced as part of the competitiveness pact, says the representative body of Trade Union Pro.

The next government, it added, must also improve working life by revamping the act on co-operation within undertakings and carrying out the long-discussed family leave reform.

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Olli Rehn, the governor of the Bank of Finland, drew attention to the need to introduce new macro-prudential tools in his statement to the parties involved in the ongoing coalition formation talks. (Jussi Nukari – Lehtikuva)

THE INDEBTEDNESS of Finnish households is jeopardising the ability of the national economy to adapt to serious disruptions, warns the Bank of Finland.

Household debt is a concern not only because it, as a proportion of household income, has more than doubled from 62 to 127 per cent over the past two decades, but also because its structure has changed noticeably, explains Marja Nykänen, a deputy governor at the Bank of Finland.

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Immigrant-owned companies boast a noticeably higher job creation rate than companies owned by native-born Finns, shows a study by the Research Institute of the Finnish Economy (Etla). (Martti Kainulainen – Lehtikuva)

BUSINESSES owned by immigrants are creating relatively more jobs than businesses owned by native-born Finns, finds a study by the Research Institute of the Finnish Economy (Etla).

Etla on Tuesday pointed out that the impact of immigrant-owned businesses on economic growth is nevertheless not as significant as one could hope for, as many of the jobs they create are low-paid and low-productivity jobs.

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Aki Kangasharju, the CEO of the Research Institute of the Finnish Economy (Etla), says the next government will have to do about as much work as its predecessor to raise the employment rate to 75 per cent. (Martti Kainulainen – Lehtikuva)

THE RESEARCH INSTITUTE of the Finnish Economy (Etla) estimates that the government will have to exceed the forecast for job creation by 40,000 in order to push up the national employment rate to 75 per cent.

Etla on Saturday stated that its latest economic forecast shows that, otherwise, the employment rate will only creep up to 73.8 per cent by the end of the current electoral term in 2023.

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The roughly 20-year-old defendant and his defence counsel, Jaana Piipari, attended a hearing at the District Court of Oulu on 23 April 2019. (Timo Heikkala – Lehtikuva)

A ROUGHLY 20-YEAR-OLD man has been sentenced to four years in prison for sexually abusing and raping a 13-year-old girl in Oulu, Finland, reports YLE.

The District Court of Oulu on Thursday found the man guilty of aggravated child sexual abuse and aggravated rape, delivering the first ruling in what is the largest in a series of sex crime cases that shocked Finland in December 2018.

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