Tag: OECD
Record import of waste to Finland in 2023
Last year, the amount of waste imported into Finland was almost twice as much as exported, which shows the country's growing role as a destination for international waste treatment and energy utilization. A significant change compared to previous years was the strong increase in the import of waste-based fuels, which quadrupled to approximately 180,000 tons.…
HS: The minimum corporate tax could increase corporate tax revenue in Finland by 10 percent
Corporate tax revenues will thus increase worldwide by 6–8 percent, which means an additional income of 142–175 billion euros for corporate tax results. The minimum tax rate mainly applies to conglomerates with an annual turnover of more than EUR 750 million. Most jurisdictions implement a minimum tax rate by introducing a supplementary national tax. The…
Denmark should do more to attract international labor – OECD
The Danes are getting older, and other countries are competing to attract the most talented international players. More reforms are needed The full version of this article is only available to subscribers. Already a subscriber, log in here: sign in Forgot your password? Get unlimited access to all of The Copenhagen Post Our independent reporting…
Necessary expenses will dominate the budgets of Finnish households in 2022
Estimated per consumption unit, childless couples had the highest expenditures of all household types. In contrast, one-person households spent the least both in absolute terms and per unit of consumption. The main expenditure categories of Finnish households were housing and energy, transport and food and non-alcoholic beverages. Tuomas ParikkaStatistics Finland's senior statistician, emphasizes the dominance…
Global bankruptcies exceed 2008 level FT
Rising interest rates and the end of the Covid subsidies have had a big impact on the companies, the outlet reports The world's corporate sector has been hit by a wave of bankruptcies occurring at a double-digit rate not seen in decades, the Financial Times reported on Monday, citing data from national statistics offices. Corporate…
PISA 2022: Performance in Finland collapses, but is still above average
The results of the international student assessment program show that performances decreased both in Finland and in almost all other OECD countries.
The historic tax agreement is moving forward at the UN: Finland on the controversial side
The nations of the world were divided into groups during the voting. The countries voted on the African states’ proposal to bring international tax negotiations under the umbrella of the UN. After weeks of intense negotiations, the proposal to promote a new tax treaty won a decisive vote of 125-48. The vote not only tested…
Too optimistic productivity forecasts for Finland, reveals the report of the Economic Policy Evaluation Council
These estimates prepared by the European Commission, the International Monetary Fund (IMF) and the Organization for Economic Co-operation and Development (OECD) will evolve as new statistical data become available. Too much optimism in Finland’s real-time forecasts Potential output, which reflects the sustainable level of output that a country can achieve without accelerating inflation, constitutes a…
Seabed war, cyber trucks and the autumn of discontent and strikes: Finland in the world press
The article examines the case and consequences of a situation where the Baltic Connector suffered from a pressure drop that led to its closure. Damage was observed in Finland’s exclusive economic zone on October 10. In addition, an undersea data cable was cut in the same area, which led to the investigation of both cases.…
This is how Israel’s spies missed Hamas’ attack plans
On Saturday, October 7, 2023, parts of Israel will wake up to the sound of aircraft alarms. Thousands of rockets strike, at the same time the country is attacked by ground troops. The attacker is Hamas, the Islamist Palestinian movement labeled a terrorist organization by both the EU and the US. – The Hamas groups…
The number of women in management positions is stagnating in Finland
Compared to other OECD countries, Finland does relatively well in the representation of women in management positions, but there are still challenges. EU directives require that by the summer of 2026, women must have 40 percent of the board seats of the largest listed companies, where they are currently 36.1 percent in Finland. “The path…
Aid Minister Johan Forssell (M): “Aid should promote Swedish interests”
Right now, the four Tidö parties are negotiating the major restructuring of Swedish aid policy, which will be presented later this autumn. But already now, Minister for Aid and Foreign Trade Johan Forssell (M) is talking about the direction. – I see in front of me that Ukraine will be the largest recipient of Swedish…
Marin is asking to be relieved of her duties as an MP to join the Tony Blair Institute
“I think people understand that sometimes it’s time to move on to a new phase in life. This was not an easy decision, but I believe it was the right one,” he commented at the press conference. He also assured that his appointment has no effect on his social democratic values. Johanna VuorelmaThe political scientist…
High drug prices in Canada are only one side of a bad equation
The Canadian health care system is under pressure as service levels drop while costs escalate. Drugs are one of ours largest healthcare expenditure. A federal agency, the Patented Medicine Prices Review Board (PMPRB), is supposed to control drug prices for Canadians. However, the past year has been marked by upheavals that prevented the PMPRB from…
Mayor Vartiainen elected to the Eurocities network board in Brussels
“As a member of the Eurocities board, Helsinki has the opportunity to influence the future direction and priorities of the city network and to ensure that the concerns of Helsinki and other northern cities remain on the agenda. Membership of the board also brings Helsinki new opportunities for more effective EU advocacy, influencing EU policies…
Then the school kicks the boys out
In the last ten years, the boys have had at least ten percent lower grades than the girls when they finish the ninth grade. According to Ekot’s reporter Katarina Helmersson an explanation could be the reading, i.e. how automated and well one reads. The UN agency Unesco calls the situation of boys who are outside…
Russia, cost of living and taxation as an obstacle to Finnish immigration
In social matters, Finns see the cost of living and taxation as the primary obstacle to immigration, and 52 percent consider them obstacles. “Finns believe that the overall combination of taxation and living standards does not attract immigrants to Finland. Instead, it makes potential newcomers wonder if Finland is the best possible destination for those…
YLE finds a possible loophole in the rules regarding waiting times for political assistants
The waiting periods were introduced at the beginning of the just-ended election season, in 2017, to try to slow the revolving door – the movement of aides and civil servants into similar or related fields in the private sector with valuable contacts and sensitive information. The duration of the period is determined based on how…
China is the world leader in 37 out of 44 critical technologies, Finland is off the list
China’s global lead extends to 37 of the 44 technologies tracked, and the country excels in defense and space-related technologies. In particular, China’s progress in nuclear-capable hypersonic missiles caught US intelligence by surprise in August 2021. ASPI’s Critical Technology Tracker shows that for some technologies, all 10 of the world’s leading research facilities are located…
Denmark vulnerable to foreign bribery – report
The OECD has published a report strongly criticizing Denmark’s approach to combating bribery involving foreign companies or individuals, along with several recommendations (see factbox) to improve the situation. The report, published by the OECD’s working group on bribery, said Denmark places “insufficient priority on preventing, detecting and sanctioning foreign bribery” and must urgently step up…
Post-apocalypse: the end of daily mail delivery is in sight
Australia Post sees red. A lot of it. After posting a razor-sharp profit of $23.6 million in the last six months of 2022, it is set to post a loss for the full 2022-23 financial year – just the second time since it was incorporated in 1989. The last loss was in 2014-15, following a…
The conflict between Russia and Ukraine is putting Europe’s societies to the test
© Provided by Xinhua The economic, geopolitical and social consequences of all these developments have been profound – something the continent has not seen for decades. The calls for peace and stability grow stronger every day. by Xinhua writers Fu Yiming, Chen Chen, He Miao STOCKHOLM, Dec. 26 (Xinhua) — In 2022, the protracted conflict…
Yearender: The Russia-Ukraine conflict is testing Europe’s societies
by Xinhua writers Fu Yiming, Chen Chen, He Miao STOCKHOLM, Dec. 26 (Xinhua) — In 2022, the protracted conflict between Russia and Ukraine, the series of problems caused by the North Atlantic Treaty Organization (NATO) expansion and the energy crisis have all caused serious headaches everywhere. Europe. Adding fuel to the fire were the West’s…
The collapse of Finland’s carbon sinks is a national emergency, an expert tells YLE
“This is an outright national emergency” Jyri SeppäläProfessor of Luke, stated For YLE on Wednesday. He estimates that compensating the erosion of carbon sinks will cost the country between two and seven billion euros. Estimating the final price is challenging because it depends on the availability and pricing of moving units; the units currently pay…
Finland must urgently step up its efforts to enforce the crime of foreign bribery, for example by addressing concerns about the definition of the crime: OECD
No foreign bribery case has been detected, investigated or prosecuted since the country’s law was passed. Phase 4 Assessment Report In 2017. As noted in the Phase 4 report, acquittals in foreign bribery cases between 2013 and 2016 may have discouraged law enforcement and prosecutors from continuing to take all necessary steps to detect, investigate…
The OECD urges Finland to promote innovation and secure public finances
Finland should improve the recognition of foreigners’ knowledge and skills and provide more effectively the training they need to get a job, the organization suggests.
Business Round-Up: International students contribute far more than they take, study claims
Denmark benefits financially from foreign students, shows a major analysis carried out by Damvad Analytics on behalf of the Swedish Engineers’ Association. Together, they contributed DKK 26.7 billion to the nation’s coffers between 2007 and 2020, with technical and natural science courses, such as engineering, accounting for DKK 12 billion. Over the same 13-year period,…
America’s bravado hides a deeply damaged democracy
America is a nation in decline and exceptionalism has blinded us to a dangerous allegiance, writes Bilal Cleland. What is democracy? Abraham Lincolnin Gettysburg AddressNovember 19, 1863, gave one of the most frequently quoted statements about democracy. He described it as “government of the people, by the people, for the people”. It was a state…
Things to consider when buying a home in Denmark
Denmark is a good place to live, and if you are considering buying a home there in cash or through a loan using https://www.mybanker.dk/, you’re not alone. In fact, more and more people choose to buy a home in Denmark every year, thanks to the country’s great quality of life and its many attractive features.…
Finland’s landscape is not as strong as we think, the expert tells HS
Mari K. NiemiE2 The director of the study stated that the need for improvement can be seen from the fact that many respondents to the non-profit research organization’s surveys believe that education and experience acquired abroad is underestimated in Finland. “There was no difference in the responses of highly educated international skilled workers living in…
The decline in the level of education in Finland is causing concern among legislators
The percentage leaves the country between Turkey and Chile. Many Finnish decision-makers have estimated that the problem should be tackled by increasing the number of students admitted to higher education institutions. Helsingin Sanomat on Monday reported that legislators across party lines believe that the problems lie deeper in the education system, all the way down…
The Finnish higher education level falls below the OECD average
The proportion of people with a university degree has risen slightly in Finland since the turn of the 2000s, but not as strongly as in other industrialized countries, according to OCED data.