Homeownership rates in the European Union (EU) have experienced a notable decline between 2012 and 2020, driven primarily by the decreasing ownership among young adults and low-income groups. This trend has resulted in an increase in the reliance on private rentals among the 20-29 age group, leading to housing insecurity and adequacy issues. A comprehensive report by Eurofound, titled "Unaffordable and Inadequate Housing in Europe," sheds light on the housing problems faced by EU citizens, identifies affected population groups, analyzes relevant policies, and provides policy recommendations to improve the situation.
Finland emerges as the most awarded country in Europe - International recognition in multiple categories
Finnish Junior Chamber International (JCI) received recognition in various categories at the JCI European Conference, the annual continental gathering of young chamber organizations in Europe. The awards were presented on May 27, 2023, in Bucharest, Romania.
"The shower of awards confirms that we are engaged in impactful activities. We owe this success to every Finnish Junior Chamber member for their outstanding work," exclaimed Taru Mikkonen, the National President of Finland's Junior Chambers.
Sitra’s proposal to the next European Commission: Put nature at the heart of decision-making and continue the European green deal
In a new memorandum released by the Finnish Innovation Fund Sitra, it is proposed that the European Union (EU) can effectively address the ecological crisis, enhance resilience, and create new markets by prioritizing nature in decision-making processes and integrating the circular economy into the EU single market.
The memorandum, titled "Putting Nature at the Heart of the European Green Deal: Building Blocks for the Next European Commission," urges the upcoming Commission, set to take office in late 2024, to continue and update the European Green Deal to tackle the climate crisis and halt biodiversity loss.
More than 9,000 Afghans file asylum applications in EU in a month
The European Census Bureau has reported that over the past month, more than 9,000 Afghan citizens have applied for asylum applications in the EU member states, a record-high number of asylum applications by any single country, according to Khaama Press.
According to the European Census Bureau, asylum interests in the EU member states at the beginning of the current year have increased by 40 per cent compared to last year.
President Niinistö to visit Brazil
President of the Republic of Finland Sauli Niinistö will make an official visit to Brazil on 1–2 June 2023.
The visit will begin on Thursday 1 June with a meeting with President of Brazil Luiz Inácio Lula da Silva in Brasília. In their discussions, the Presidents will address as the geopolitical situation, common global challenges, topical regional questions and the bilateral relations between Finland and Brazil.
Economic sanctions impose high costs, disproportionately affecting vulnerable communities
Economic sanctions, a commonly used tool in international diplomacy, inflict significant economic damage on target countries, with the poorest segments of their populations bearing the brunt of the consequences. Recent studies reveal that sanctions imposed by the United Nations result in an annual decline of 2 percentage points in the growth rate of sanctioned nations. Extrapolated over a decade, this amounts to a staggering 25 percent reduction in per capita economic output.
Driving to Russia becoming more challenging: Changes to motor liability insurance policies
Driving to Russia and Belarus from Finland will become significantly more challenging starting in June, as the international Green Card agreements on motor liability insurance expire. Finnish motorists will no longer be able to use their Finnish motor liability insurance policy in Russia and Belarus, and instead, they will be required to obtain a local insurance policy valid in those countries.
UK announces new sanctions on Russia targeting 86 individuals and entities
UK on Friday announced new sanctions against Russia targeting 86 individuals and entities, including theft of Ukrainian grain, advanced military technology, and remaining revenue sources.
"The UK has today (Friday 19 May) announced a new wave of sanctions against Russia, targeting businesses and individuals connected to Russia's capacity to fund and wage the war," read UK Foreign, Commonwealth and Development Office press release.
Finland's accession to NATO Innovation Fund unlocks opportunities for Finnish startups
Finland's recent approval of its application to join NATO's Innovation Fund has opened up exciting possibilities for early-stage startups in the country. As part of this development, Tesi, the state-owned investment company, will invest EUR 35 million in the fund. This move not only provides Finnish startups working on emerging technologies with access to cooperation and financing opportunities but also strengthens Finland's involvement in NATO's central operations and networks.
NATO countries slow to increase defense spending
Despite the recent aggressive actions by Russia in Ukraine, many NATO countries are lagging behind in increasing their defense spending. According to a press release by the ifo Institute, the majority of NATO members are falling short of the goal of allocating 2 percent of their economic output to defense expenditures in 2023. This news raises concerns about the collective defense capabilities of the alliance and the commitment of its members to ensuring their own security.
Elon Musk names Linda Yaccarino as new Twitter CEO
Elon Musk, on Friday, named Linda Yaccarino as the new Twitter CEO.
Taking to Twitter, Musk announced the news and wrote, "I am excited to welcome Linda Yaccarino as the new CEO of Twitter! @LindaYacc will focus primarily on business operations, while I focus on product design & new technology. Looking forward to working with Linda to transform this platform into X, the everything app."