Tag: Mika Lintilä
Finland’s joining the NATO innovation fund opens up opportunities for Finnish startups
The goal of the NATO Innovation Fund is to invest in early-stage deep technology startups and venture capital funds that develop cutting-edge technology that is a priority for NATO. The fund, totaling one billion euros, was established based on the commitments of 22 NATO member states at the 2022 NATO summit in Madrid. The operation…
Center leaders deny anonymous rumors about minister Lintilä’s alcohol use
The Minister of Finance and the chairperson of the Center Annika Saarikko dismissed the rumors about Minister of Economy Mika Lintilä’s alcohol consumption as “brutal and anonymous”.
YLE: Wealthy households use much more electricity than poor ones
VATT discovered the difference when comparing location-specific electricity consumption data obtained from Fingrid’s Datahub and background data from Statistics Finland’s households. Iivo VehviläinenA senior researcher at Aalto University stated to the public broadcasting company that the data supports the assumption that high-income households consume more electricity than low-income ones. However, the differences are surprisingly large.…
The center appoints Savola as temporary defense minister
On Thursday, the center’s governing bodies confirmed Savola as a candidate for deputy minister. the Treasury minister Annika SaarikkoThe leader of the Center Party proposed it on Tuesday Mika Lintilä (The center) has two ministerial portfolios – minister of defense and minister of economy – during Kaikkonen’s vacation. Savola, who is a member of the…
STT: Kaikkonen is making history with his long paternity leave
“That’s what I want to do too.” Antti and Janika Kaikkonen they have two young sons, one two years old and the other six months old. Janika Kaikkonen will start her new position as Bayer’s PR director on January 1, 2023. Kaikkonen reminded that his ministerial duties have led to numerous long working hours and…
The government’s report on the digital compass gives direction to Finland’s digital transformation
“Finland’s digital compass sets an ambitious vision and clear goals that strengthen our position among the leading countries in digital development. I would like to thank our stakeholders for their very active participation in the preparation of the digital compass. However, the work is only at the beginning, and turning the goals of the digital…
Companies owned by private equity and venture capital grow twenty times faster than others
According to the impact study, the annual turnover growth of venture capital investors’ target companies within three years of the first investment is eight times faster than in the comparison group, which was collected from companies of the same size operating in the same industries. In companies with a venture capitalist behind them, the growth…
Finland signs the EU’s energy agreement
The best way to influence the price of energy is to reduce consumption, Minister of Economy Mika Lintilä said.
The Finnish government offers loans and guarantees of up to 10 billion euros to electricity producers
The system would be valid until the end of next year and would offer loans on a case-by-case basis with a repayment period of up to two years on stricter terms than market conditions, the details of which will be clarified on Monday. The government will discuss the proposal in its plenary session today. “Taxpayers’…
Minister of Finance: The savings campaign will not lower energy prices
The saving campaign planned by the government for autumn will not solve the energy crisis, warned the Minister of Economy Mika Lintilä (Center). The campaign targets households amid the energy crisis caused by Russia’s invasion of Ukraine. The minister told news agency STT that, unfortunately, next winter the biggest incentive to save electricity is the…
Lintilä demands a reduction in value added tax in order to lower the price of electricity
According to the Minister of Economic Affairs Mika Lintilä According to (Cen), a reduction in value added tax would be the simplest and most effective way to mitigate the anticipated rise in electricity prices next winter. "The VAT on electricity is now 24 percent. Let’s drop it to 14 or 10. This would have the…
Finland is number one in EU digitization
The maximum score in the DESI comparison is 100. Finland’s score this year is 69.6. The EU average is 52.3. In the digital performance comparison, Denmark, the Netherlands and Sweden rank after Finland. The ministerial working group for the development of digitality, data economy and public administration is satisfied with the results. Finland’s continued success…
Montenegro becomes the 20th member country that has ratified Finland’s NATO membership
The Parliament of Montenegro has ratified the accession of Finland and Sweden to NATO. The foreign minister of the country announced the vote in a tweet Ranko Krivokapić on Friday. However, the matter still requires final approval from the President of Montenegro Milo Đukanović. Montenegro is the 20th of NATO’s 30 member states to ratify…
The Finnish minister is not worried about the Italian governor’s request to delay NATO’s ratification
Minister of Economy of Finland Mika Lintilä (Cen) said that he is not worried about the Italian governor’s proposal that the Italian parliamentary vote on Finland’s accession to NATO should be suspended. On Wednesday, the governor of the Friuli-Venezia Giulia region of Italy Massimiliano Fedrigaasked his country’s parliament to suspend the ratification of Finland’s NATO…
EU ministers agree on gas reduction plans – Finland has already cut
On Tuesday, EU energy ministers agreed on a unique plan, according to which member states will voluntarily reduce the use of natural gas by 15 percent from the beginning of August to the end of March. The unprecedented plan aims to ensure sufficient gas supplies in the EU during the colder months, as Russia is…
Finland supports Brussels’ proposal to cut EU countries’ gas demand by 15 percent
The Parliament’s grand committee announced on Friday that Finland supports the EU Commission’s proposal to reduce natural gas consumption in Europe by 15 percent. On Wednesday, the European body proposed to all EU countries to reduce gas consumption by 15 percent from the beginning of August to the end of March next year. The reduction…
There may be power outages of up to 2 hours in Finland this winter
Europe fears a historically difficult winter as the war in Ukraine disrupts its energy supply. As the continent weans itself from Russian fossil fuels, sourcing alternatives has proven difficult, meaning energy regulation and restrictions may be one possible solution. When Europe prepares for the cold with energy regulation, it is possible that Finland will have…
In Finland, identification may soon be digital
Finland is one step closer to introducing a digital identification system when the ministerial working group approved the relevant legislative proposal on Thursday. Starting next year, proof of identity is likely to be possible with a mobile app. The recognition app works for both personal and online interaction. "Digital identity improves people’s ability to manage…
Finland and Estonia will lease a floating LNG terminal after the cut-off in Russia
Finland and Estonia are jointly planning to lease a nearly 300-meter-long liquefied natural gas (LNG) terminal to secure gas imports following Russia’s recent cut-off. Russia stopped exporting LNG to Finland in May, threatening some industries, including the gas-based bakery, forest and oil industries. The floating LNG terminal will be docked in the South Harbor of…
Monday’s newspapers: Finland’s road to NATO
Legislators are due to begin a debate on Finland’s NATO membership on Monday after management announced on Sunday to apply for membership. "It is clear in which direction Finland’s NATO membership is moving." Helsingin sanomat newspaper write. According to the newspaper, more than two-thirds of MPs support membership. This means that there is an over-majority…
Households were urged to prepare for cuts in Russian gas supplies
While fossil gas users, both households and businesses, are reassured that their needs have so far been met, energy companies in the south-east are urging customers to look for alternative ways to heat their homes if Russia closes the faucet. Teemu HeinänenHowever, the head of Hamina Energy’s energy business says no exceptional measures are needed.…
Finland’s gas import bill from Russia rose by almost 300%
Finnish natural gas imports from Russia increased by 282 per cent year-on-year in March, a month after Russia invaded Ukraine, Customs data showed. The jump reflects the rise in gas prices. Finnish gas imports in March were EUR 151 million, compared with EUR 39.6 million a year earlier and about 122 per cent more than…
Finland is looking for alternatives as Russia’s gas ban approaches
Finnish industry is heavily dependent on natural gas, and companies are looking for alternatives Russia is threatening to shut down Finland’s gas supplies. The Russian state gas company Gazprom has demanded that the Finnish gas company Gasum pay for the ruble by 20 May. Russia has cut off gas supplies to Poland and Bulgaria because…
Minister of Economic Affairs: Shutting down gas supplies to Russia could cost thousands of Finnish jobs
According to the Minister of Economic Affairs, if Russia cut off gas supplies to Europe at the end of May, the effects on the Finnish economy would be more detrimental than the halt in oil imports. Mika Lintilä (Cen). Speaking in Yle’s A-Studio’s current affairs program on Wednesday evening, Lintilä stated that a relatively large…
Fennovoima pulls a plug from a Russian nuclear power plant
The Finnish energy company Fennovoima has terminated its agreement with the Russian state-owned company Rosatom to build a nuclear power plant on the west coast of Finland. The company mentioned significant delays and Rosatom "inability to carry out the project"and added that the war in Ukraine has exacerbated the risks of the project. Fennovoima’s CEO…
“We must be prepared to pay the price for ending the war,” says the Finnish Prime Minister
“It is clear that unless energy is part of the sanctions, we will continue to fund [Russian President Vladimir] Putinwar. And it’s an unsustainable situation, he said. Members of the European Union reached an agreement on Thursday a new package of sanctions against Russia. The fifth package of sanctions is the first to target the…
Rising food prices could increase famine in Finland
Food aid organizations report an increase in the number of people in need of food aid. There are 600,000–700,000 people classified as low-income in Finland. That is, those whose household income is less than 60 percent of the national average. Yle spoke recently Arja Hongisto and Pipsa Peppertwo local seniors who enjoy free chicken pasta…
Friday’s newspapers: Russia’s rethinking, Zelenski’s speech in parliament, floating gas terminal
Ilta-Sanomat is one of those magazines carry the report on Thursday in an interview with a Kremlin spokesman on the war in Ukraine Dmitry Peskov British Sky News reporter Mark Austin where he said Russia needs to step up its security efforts in its western territories. In an interview, Austin pointed out that Russia’s attack…
Monday’s newspapers: Rising food prices, Russian property buyers and the return of winter
The government has warned Finns to pay more for food. This month, the Minister of Economy Mika Lintilä said that the war in Ukraine could almost double food prices in Finland. He also suggested that people should prepare for wartime pricing. Hufvudstadsbladet writes that climbing food bills is squeezing those who are already struggling to…
HS: Rehn, Governor of the Bank of Finland, demands a ban on NATO’s energy imports to Russia
The Governor of the Bank of Finland, Olli Rehn, has demanded that Finland join NATO with a similar arrangement as its northern neighbor, Norway. He also said that the European Union should prepare to ban energy imports from Russia, even if it causes problems for Germany and Eastern European countries. Rehn commented on the issue…
The Ministerial Working Group will take responsibility for cyber security and public administration preparedness
The Ministerial Working Group makes policy decisions on measures to safeguard the functioning of society and the digital operating environment in the event of cyber accidents and cyber-impact activities. It will also make decisions on the readiness of the public administration for the situation caused by the Russian invasion of Ukraine. The composition of the…
Monday’s newspapers: Finnish food security, market turmoil and Zelenski Street in Helsinki
Russia’s invasion of Ukraine is putting pressure on the global food system, and Finland is facing rising food prices, the report said. Helsingin sanomat newspaper. Finnish fertilizer companies are already experiencing pressure, and some are telling HS that they are concerned about Russia’s ability to restrict exports of fertilizer raw materials. One of these companies,…
The Olkiluoto 3 reactor is connected to the national grid, 13 years behind schedule
The third unit of the Olkiluoto nuclear power plant has finally started commercial operations. The owner of the plant, Teollisuuden Voima (TVO), says the unit was connected to the national electricity grid at noon on Saturday. It is Finland’s Fifth Nuclear Reactor. Initially, a unit called OL3 will generate 103 megawatts of electricity. During a…
Lintilä: Ukraine’s war could almost double food prices in Finland
Finns must prepare for the wartime pricing of products and services, Minister of Economic Affairs Mika Lintilä (Cen) said in an interview with Yle on Saturday. He warned that the price of a regular grocery cart could nearly double, due in part to the consequences of a sharp rise in fuel and fertilizers. "The price…
The Finnish energy giant gave up almost a billion euros in Nord Stream and plans to give up its Russian plants
Finland’s largest energy company Fortum announced on Tuesday that it will take a loss of almost one billion euros from the canceled Nord Stream 2 pipeline project. Its German subsidiary Uniper has a loan to the project company totaling EUR 987 million, including accrued interest. Fortum announced that it would write down its receivables and…
Marin: Finland must end energy dependence on Russia “as soon as possible”
He also confirmed that the government is not making progress with Fennovoima’s nuclear power project, which is minority owned by the Russian state Rosatom. Minister of Economic Affairs Mika Lintilä (Center) pointed out at the end of last week, that he, as the minister responsible for permitting procedures for the project, is unable to comprehend…
Lintilä: Finland will survive the winter, even though Russia cuts off gas
Minister of Economic Affairs Mika Lintilä (Cen) said on Monday that Finland will survive this winter, even though energy imports from Russia will be restricted. He spoke before an afternoon meeting of EU energy ministers in Brussels to discuss the implications and countermeasures of Russia’s invasion of Ukraine. Ministers will discuss the state of preparedness…
The Finnish ruling parties have agreed to delay the reform of the Mining Act
The permits for mining, mineral exploration and gold mining must also lay down stricter provisions to ensure that such activities do not adversely affect other forms of commercial activity. The provisions on regional reserves will be reformed to strengthen the position of landowners by halving the period of validity of the rights deriving from the…
Marin: Finland re-evaluates Rosatom-supported nuclear project
The Prime Minister of Finland Sanna Marin said on Tuesday that it supports a new risk analysis of Fennovoima ‘s nuclear power project as the situation between Russia and Ukraine escalates. The project is partly owned by Russian companies, and experts have warned it could boost Russia’s nuclear weapons production. Minister of Economic Affairs Mika…
UPM favors Rotterdam over a billion-euro biofuel refinery instead of Kotka
The Finnish forestry company UPM has announced that plans to build a new-generation biofuel refinery in the Dutch port city of Rotterdam are progressing. "Work continues in Rotterdam, where the operating environment is more favorable for the biofuels business," managing director Jussi Pesonen wrote a opinion the company’s result for 2021 will be announced. Another…
Ministers agree with the Prime Minister’s call for the easing of Covid restrictions
Government ministers have unanimously called for some restrictions on the coronavirus to be eased. On Twitter on Tuesday, Prime Minister Sanna Marin (SDP) said it wanted the government to speed up the process of reintroducing low-risk sporting and cultural events using the Covid Passport. On Wednesday, government ministers followed the example of the prime minister,…
The government compensates companies for losses caused by limiting the coronavirus
The Finnish government has agreed to compensate companies that have suffered financial losses for restrictions related to the coronavirus through an additional budget, the Minister of Economic Affairs announced Mika Lintilä (Cen) on Friday. "Compensation for closure would apply to facilities that have been closed in accordance with official regulations or laws, such as sports…
Finland pays EUR 14 million in compensation to the event industry
According to figures published by the State Treasury, about 470 companies operating in the event industry received compensation from the Finnish state last year for a total of about 14 million euros. The money was paid for the costs of canceling or limiting transactions due to the coronavirus crisis. The largest financial support was provided…
The restaurant giant talks about mass cuts due to Finland’s restrictions
“The negotiations concern the Group’s entire personnel in Finland, ie approximately 1,250 people. The effects of restaurant restrictions are also indirectly reflected in the Group’s approximately 2,000 temporary employees. stated on wednesday. The Finnish government announced earlier this week that it will impose stricter restrictions on the restaurant industry and restrict the use of the…
Thursday’s newspapers: Ministers ignore exposure warning, better guidance needed, second not for rescuing Malmi airport
According to Helsinki magazine Helsingin sanomat newspaper, Minister of Economic Affairs Mika Lintilä (Cen) took part in a floorball match between Finland and Latvia on Sunday afternoon, although he had been informed on Saturday of possible exposure to the coronavirus. Lintilä had attended a meeting on Friday, which was also attended by the Foreign Minister…
Marin apologizes for the evening – two other ministers also attended the events after the exposure: HS
Marin has been in the midst of controversy after news that she was enjoying the evening after she was told through the Foreign Secretary that she had been exposed to a new coronavirus Pekka Haavisto (Green). He had also left his phone issued by the authorities at home and was therefore not instructed by the…
Oscar, teenage president and Dubai Expo: Finland in the world press
Sony Classics has secured the rights to the film for release in the United States. Finland has not submitted an Oscar-winning international film since then Aki Kaurismäki A man without a past in 2002. Finnish teenager Nella Salminen rose to the headlines this week when he took on the role of one day President of…
Ministerial Working Group on the Development of Digital Change, the Data Economy and Public Administration
It guides the development of digitalisation, information and technology policy and the data economy at government level and coordinates related activities and situational awareness. The Ministerial Working Group will continue to promote the work of the Political Steering Group on Public Administration Reform. It coordinates development projects and draws up the necessary policy guidelines for…
Thursday’s papers: Workplace vaccinations, "hard" EU dispute and Räikkönen retires
Finnish law prevents employers from requiring employees to take or not be vaccinated. However, co-workers often ask about each other’s vaccination status in conversations in a coffee room, a daily newspaper Helsingin sanomat newspaper (HS) writes. HS conducted a study asking readers whether Covid vaccinations have caused controversy in the workplace. The majority of respondents…
The government will open vaccinations for 12-15 year olds, give the green light to the Covid passport
The Finnish government is pushing forward plans to introduce the Covid passport after the ministers’ meeting in the Helsinki Heritage Room on Thursday afternoon. "There are still many open questions that need to be answered. At this stage, it is impossible to promise that the passport will come or when it will come," prime minister…
Kemi-Tornio region receives EUR 4.2 million recovery package to handle Veitsiluoto plant closures
The government has authorized the Northern Ostrobothnia Center for Economic Development, Transport and the Environment (ELY) to grant EUR 4.2 million in business support to deal with sudden economic upheavals in northwestern Finland in the Kemi-Tornio region. The funding announced on Wednesday is intended to soften the closure of Stora Enso’s Veitsiluoto paper mill and…
Peat producers oppose the government’s energy policy
A convoy of more than a hundred articulated trucks rose to the center of parliament in central Helsinki on Friday morning to demand a change in the policy for the production and use of peat. The producers’ demonstration was to put pressure on demands to classify peat as a renewable resource in proportion to its…
"Event guarantee" now here, but what does that mean?
On Wednesday of this week, the government announced a € 230.86 million support package for culture, the arts, sports and events, including € 85 million for a so-called event guarantee. The funds are intended to help event organizers who are in difficult situations due to the uncertainty caused by the coronavirus epidemic. The guarantee covers…
New investments to increase the Finnish battery cluster
The plant will produce cathode materials used in electric vehicles (EVs), which will become increasingly in demand as automakers move to electric vehicles. The plant, with a nameplate capacity of 30,000 tonnes of very high energy density cathode materials needed by EV producers, is Johnson Matthey’s second investment in Finland. The two companies did not…
Tuesday’s newspapers: Finland’s inequality, Vaasa gains strength, truck deaths highlight blind spot risks
Tampere-based Aamulehti is one of the newspapers struggling Tuesday morning with a new report on regional equality in Finland. The report of the Social Democratic Kalevi Sorsa Foundation divides the country’s municipalities into four groups and classifies them according to development indicators such as median income, employment rate and broadband availability. Five of the eight…
Finland’s circular economy program sets targets for curbing the over-consumption of natural resources
According to the resolution, resource productivity must double by 2035 compared to 2015. The use of recycled materials (CMU) must also be doubled by 2035. “The circular economy offers solutions to curb the over-consumption of natural resources and the keys to halting the climate crisis and biodiversity loss. For the first time, we are setting…
The Ministry announced a plan to stop peat burning in Finland
A panel set up by the Ministry of Economy and Labor has proposed a plan to end the use of peat as an energy source. The panel submitted a report to the Minister of Economy Mika Lintilä (Cen) on Wednesday. According to the government’s program, the energy use of peat must be at least halved…
The board will cover bar and restaurant salaries for three weeks after closing
The government intends to fully support the salaries of bar and restaurant workers, who are subject to a three-week mandatory closure order. In addition, companies are reimbursed up to 70 percent of rent and other similar business-related expenses. In addition to bars and restaurants, compensation for earnings due to a foreclosure order may be claimed…
Neste chooses Rotterdam instead of Porvoo for a new refinery
“Based on thorough research and calculations, the total cost of investment is significantly lower in Rotterdam,” he said. press release. The cost differences were due to the press release, in particular logistics costs, site-specific construction costs and the availability of low-carbon hydrogen. The selection criteria also included factors such as the existing infrastructure, the market…
Parliament is launching a debate on the closure of bars and restaurants
Parliament has begun to consider the government’s proposal to close bars and restaurants from 8 to 28 March in areas in the spread of the epidemic. The proposal will be heard urgently, and the government is working to bring the closure order into effect next Monday. According to a report (external link in Finnish): Helsingin…
Minister: The state will support the event industry in cancellations caused by Covid restrictions
Minister of Economic Affairs Mika Lintilä (Cen) has announced that the government will compensate the event industry for cancellations caused by coronavirus restrictions. "If the transaction is canceled due to a State decision, it would be possible to reimburse part of the costs incurred," Lintilä said. The coronavirus pandemic has had a devastating effect on…
Most government ministers plan to run in the local elections
Most Finnish MPs, including 14 ministers out of 19, are preparing to run in next spring’s municipal elections. Central Party Secretary Riikka Pirkkalainen told Yle that the candidacy of MPs and ministers could play a key role in local elections. "They often produce a significant number of votes because they have proven to be credible…
Neste closes Naantali refinery, 370 lose their jobs
The state-owned oil company Neste has announced that it will close the Naantali refinery by the end of March 2021. The company has announced 370 job cuts as part of the restructuring, compared to the previous estimate of 470. The company announced that it would offer pension and support packages to those whose employment had…
Finland is investing EUR 20 million in the country’s first quantum computer
Finland strives to be at the forefront of the development of quantum computers. VTT’s Technical Research Center and the Ministry of Economic Affairs and Labor announced on Monday that the Finnish government has allocated EUR 20.7 million to VTT and its joint innovation partner IQM for the construction of Finland’s first quantum computer. "By investing…
Ministers kept quiet about the suspected money laundering links of the owner of Terrafame
On Monday morning, Finnish ministers had refused to comment on financial data showing that U.S. authorities suspect the minority owner of state-owned Terrafame mining clothing from money laundering. The information is part more than 2,500 document leaks, many of which were files sent by banks to the US authorities showing how the international banking system…
Prime Minister Marin promised state aid for the loss of jobs at the oil refinery
prime minister Sanna Marin said on Friday night that the government has pledged to provide financial support to alleviate the pain of possible significant job losses due to the planned cuts in the Naantali oil refinery. "Together, we need to find opportunities and a vision for the future that can create hope for the future…
The Central Party is defending relaxed travel restrictions
The Social Democratic Party would have liked to maintain strict travel restrictions, but the center party managed to push through it, newly elected center party leader Annika Saarikko told Yle on Saturday. Speaking on Yle TV1’s Ykkösaamu chat program, The archipelago Finland’s transition to easing travel restrictions was a decision that balanced both public health…
The live event industry is hosting a Red Alert Day event and is demanding state support for the Covid attacks
Representatives and employees of the Finnish event industry staged a demonstration in Helsinki on Tuesday afternoon and demanded more state support for the hard-hit sector. They gathered on the steps of the Parliament House and the nearby Civic Square in cold, rainy conditions. The recently established Event Industry Finland submitted a proposal to the Minister…