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Regional Development Guidelines 2040 Cover page of publication: Regional Development Guidelines 2040. Regional development affects the vitality of regions in the long term. Anticipation is needed to plan long-term work. The Regional Development Gu...https://tem.fi/en/regional-development-guidelines-2040
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Accounting Nearly all corporations and foundations referred to in the Finnish legislation must keep accounting records. Natural persons engaged in business or professional activities must also keep records on these activities. Accounting is regula...https://tem.fi/en/accounting
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Auditing Corporations and foundations must appoint an auditor and conduct an audit in accordance with the Auditing Act, Accounting Act and any acts applicable to the corporation or foundation in question. The smallest corporations are exempted fro...https://tem.fi/en/auditing
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Ministry of Economic Affairs and Employment monitors foreign corporate acquisitions and serves as national contact point for the EU screening regulation The purpose of the Act on the Screening of Foreign Corporate Acquisitions in Finland (172/2012...https://tem.fi/en/acquisitions
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7.10.2021 | On 7 October 2021, the Government submitted to Parliament a proposal to amend the Act on the Safe Handling and Storage of Dangerous Chemicals and Explosives, the Mining Act and the Nuclear Energy Act.https://tem.fi/en/-/amended-chemicals-safety-act-to-give-associations-foundations-and-municipalities-the-right-to-request-administrative-reviews
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Regulatory impact assessments on businessess, employment and working life Within the Government, the Ministry of Economic Affairs and Employment is responsible for developing the regulatory impact assessments on businesses, employment and working ...https://tem.fi/en/impact-assessment-of-legislation
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Questions and answers about the act on the screening of foreign corporate acquisitions Updated 27 November 2023. Must an application/notification under the Act on the Screening of Foreign Corporate Acquisitions also be submitted for a corporate re...https://tem.fi/en/questions-and-answers-about-the-act-on-the-screening-of-foreign-corporate-acquisitions
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11.5.2026 | The Ministry of Economic Affairs and Employment is requesting comments on a proposal to create a new task for the employment authorities. The draft proposal will be circulated for comments from 11 May to 12 June 2026. It partly implements the entry of the Programme of Prime Minister Orpo’s Government concerning rehabilitative work. The aim is to launch activities for persons who have been unemplo...https://tem.fi/en/-/consultation-round-begins-on-new-tool-to-improve-employment-conditions-of-long-term-unemployed-people
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18.3.2026 | Due to technological advances and the green transition, work is undergoing a major transformation, which underlines the importance of safeguarding workers’ rights. This will be among the topics addressed at the Council of Europe’s High-Level Conference on Social Rights in Chișinău, Moldova on 18–19 March 2026. State Secretary Mika Nykänen will attend the meeting on behalf of Minister of Employment Matias Marttinen.https://tem.fi/en/-/state-secretary-nykanen-to-visit-moldova-council-of-europe-conference-to-address-high-quality-working-life-innovations-and-workforce-wellbeing
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13.3.2026 | The EU ministers responsible for energy issues will convene in Brussels on 16 March 2026. The meeting agenda will include the European grids package for 2028–2034, the action plan for affordable energy, and energy security. Finland will be represented by Minister of Climate and the Environment Sari Multala.https://tem.fi/en/-/eu-energy-ministers-meeting-to-be-marked-by-iran-war-and-european-competitiveness-issues
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26.5.2026 | Screening of Foreign Corporate Acquisitions in Finland Annual report 2025 Annual Report 2025 • The Ministry of Economic Affairs and Employment has compiled statistical data on the screening of foreign corporate acquisitions for 2025 in this annual...https://tem.fi/documents/1410877/10579843/Screening%20of%20Foreign%20Corporate%20Acquisitions%20in%20Finland%20-%20Annual%20report%202025.pdf/ece38915-ff69-c632-de2b-fe08d279ea57?t=1779797827440
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5.4.2024 | Extractive waste and other mineral waste account for three quarters of all waste generated annually in Finland. In its final report, the working group exploring ways to utilise extractive waste proposed eight measures to remove obstacles to utilisation.https://tem.fi/en/-/working-group-proposes-solutions-for-the-use-of-extractive-waste
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3.4.2025 | Screening of Foreign Corporate Acquisitions in Finland Annual report 2024 Annual Report 2024 • The Ministry of Economic Affairs and Employment has compiled statistical data on the screening of foreign corporate acquisitions for 2024 in this annual...https://tem.fi/documents/1410877/10579843/Screening%20of%20Foreign%20Corporate%20Acquisitions%20in%20Finland%20-%20Annual%20report%202024.pdf/814bf82e-a7f7-4758-fec1-3a1e4c434928?t=1743679070674
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24.2.2026 | Contractor’s Obligations and Liability when Work is Contracted Out 2 3 Introduction There are many ways of combating the nega- tive effects caused to enterprises by the “grey” or undeclared economy and unhealthy competi- tion. The Act on the Contr...https://tem.fi/documents/1410877/2918857/Contractor's+Obligations+and+Liability+when+Work+is+Contracted+Out/07c532dd-decc-4c15-87e4-a38b013de3d2?t=1771921647664
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7.11.2025 | Ministry of Economic Affairs and Employment (TEM) National impacts of the Carbon Border Adjustment Mechanism VN/30365/2024 Page 1/42 COURTESY TRANSLATION 23/05/2025 Copyright © AFRY Management Consulting Oy Authors: Elias Länsisalo and Leena Sivil...https://tem.fi/documents/1410877/171662013/National%20impacts%20of%20the%20Carbon%20Border%20Adjustment%20Mechanism%20(1).pdf/4ba204e6-d8e1-7f2c-187a-e94d3c9192a9?t=1762523868857
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29.12.2022 | On 29 December 2022, the President of the Republic approved the Act on the National Implementation of the Brexit Adjustment Reserve. Funds from the Reserve will be used to support companies that have been negatively affected by the UK’s withdrawal from the EU. The support is channelled as business development aid from the Centres for Economic Development, Transport and the Environment (ELY Centres).https://tem.fi/en/-/support-for-businesses-to-mitigate-the-effects-of-brexit-act-to-enter-into-force-at-the-beginning-of-2023
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8.9.2025 | Ministry of Economic Affairs and Employment (TEM) National impacts of the Carbon Border Adjustment Mechanism VN/30365/2024 Page 1/42 COURTESY TRANSLATION 23/05/2025 Copyright © AFRY Management Consulting Oy Authors: Elias Länsisalo and Leena Sivil...https://tem.fi/documents/1410877/171662013/National%20impacts%20of%20the%20Carbon%20Border%20Adjustment%20Mechanism.pdf/16a210f6-cff7-3565-1473-4105146c7499?t=1757335336846
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22.12.2021 | The Act on the Safe Handling and Storage of Dangerous Chemicals and Explosives, the Mining Act and the Nuclear Energy Act will be amended as of 31 December 2021. The legislative amendments will complement the implementation of EU legislation in national legislation.https://tem.fi/en/-/amendments-to-chemicals-safety-act-mining-act-and-nuclear-energy-act
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27.1.2025 | 1 Translation from Finnish Legally binding only in Finnish and Swedish Ministry of Economic Affairs and Employment, Finland Act on the Screening of Foreign Corporate Acquisitions (172/2012; amendments up to 682/2020 included) By decision of Parlia...https://tem.fi/documents/1410877/10579843/Final+EN+Finland+Act+on+the+Screening+of+Corporate+Acquisitions+-+unofficial+translation.pdf/04756159-8992-6594-54ca-657662380c62?t=1737967883113
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23.4.2024 | The Ministry of Economic Affairs and Employment has appointed a working group to improve the employment, competence and working life participation of special groups, such as persons with impaired capacity to work, disabilities or a low education level, immigrants and older people.https://tem.fi/en/-/working-group-to-draft-action-programme-on-employment-for-people-in-adverse-labour-market-position
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12.1.2022 | The European Commission wants to increase opportunities for a successful social economy in Europe. The Commission’s interest in the matter is based on the benefits that the social economy can bring for employment and the economy as a whole. The Commission published its action plan for the social economy on 9 December 2021.https://tem.fi/en/-/social-economy-can-create-sustainable-wellbeing-in-finland-and-throughout-europe
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24.2.2026 | Finnish Labour Legislation and Industrial Relations 2 3 1 Introduction............................................................................................................ 4 2 Labour Legislation.................................................https://tem.fi/documents/1410877/2918774/Finnish+Labour+Legislation+and+Industrial+Relations/76c46fce-8a35-458d-890f-ace7acc18d68?t=1771921648020
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19.9.2022 | The Government has submitted a proposal to Parliament on a pay subsidy reform with the aim of promoting the employment of people in a vulnerable labour market position and increasing the use of pay subsidies, especially by businesses.https://tem.fi/en/-/pay-subsidy-reform-simplifies-regulation-and-promotes-the-employment-of-people-in-a-vulnerable-labour-market-position
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1.4.2022 | The Government wants to simplify the rules on pay subsidy and thereby increase the use of pay subsidy, especially by companies. The increase in the use of pay subsidy aims to promote the employment of people in a vulnerable labour market position and to raise the employment rate.https://tem.fi/en/-/government-s-proposal-on-pay-subsidy-reform-sent-out-for-comments
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26.8.2022 | European Commission Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions Building an economy that works for people: an action plan for the social eco...https://tem.fi/documents/1410877/131412023/Building+an+economy+that+works+for+people+-+an+action+plan+for+the+social+economy.pdf/35729c05-69b1-ebca-a77e-c03253d114bb?t=1661516336978
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24.2.2026 | Health Sector Growth Strategy for Research and Innovation Activities MEE reports 16/2014 Enterprise and innovation department 26.5.2014 Photos: FiHTA ry To the reader The Health Sector Growth Strategy for Research and Innovation Activities is a co...https://tem.fi/documents/1410877/3437254/Health+Sector+Growth+Strategy+for+Research+and+Innovation+Activities+26052014.pdf/11b05bc2-a5fc-4b32-bc98-e73f827c031a?version=1.0&t=1771921653951
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Everybody has the right to engage in commercial activities in Finland Under the Constitution of Finland, everybody has the right to earn his or her livelihood by the employment, occupation or commercial activity of his or her choice. More detailed...https://tem.fi/en/freedom-of-enterprise-in-finland
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27.10.2022 | The Government proposes that the services of the Finnish Trade Register would be mainly electronic by 2026. In addition, businesses would be liable to pay a fee if they neglect to submit the necessary information to the register. The aim of the Government proposal is to improve the timeliness, reliability and company security of the Finnish Trade Register.https://tem.fi/en/-/government-proposal-to-improve-timeliness-and-reliability-of-trade-register-1
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EU industrial policy Industrial policy is an umbrella concept that brings together measures from several policy areas. In a broader sense, industrial policy includes measures that create the conditions for business operations, such as a well-funct...https://tem.fi/en/eu-industrial-policy
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What is innovation-friendly regulation? Innovation-friendly regulation is flexible, technology neutral and goal-oriented predictable and conducive to clarity supportive of competition and market dynamics appropriate and proportionate harmonised an...https://tem.fi/en/what-is-innovation-friendly-regulation
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Focus areas To ensure competitiveness and economic growth, it is vital that Finland is an attractive operating environment for newly established and growth-seeking enterprises, top experts and foreign investors. Enterprise and innovation policy pr...https://tem.fi/en/focus-areas
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Finland's Strategy for the Arctic region Finland’s new Strategy for the Arctic Region, which was completed in 2021, sets out the objectives for Finland’s Arctic policy and activities until 2030. Competence in both business and research is one of t...https://tem.fi/en/finlands-strategy-for-the-arctic-region
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Working life barometer measures changes in working life Each year, the Ministry of Economic Affairs and Employment produces a working life barometer, which describes the state of working life at Finnish workplaces. In the barometer, employees give...https://tem.fi/en/working-life-barometer
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Nuclear safety Development of the principles governing nuclear safety and the methods for implementing it is largely based on extensive international cooperation. This intensive cooperation already started in the middle of the 20th century. From F...https://tem.fi/en/nuclear-safety
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7.4.2022 | An open and non-discriminatory workplace is in everyone’s interest: Finland needs more talent, and diverse teams strengthen the growth of companies and increase Finland’s attractiveness as a destination for investments. The guide and IMAGO coaching services targeted at companies, which are both part of the working life diversity programme, provide work communities practical advice on how to create and manage workplaces that are diverse, inclusive and accepting of all.https://tem.fi/en/-/working-life-diversity-guide-and-company-coaching-to-help-create-diverse-work-communities-
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Pay subsidy is granted for employing unemployed persons Pay subsidy is a discretionary subsidy aimed at promoting the employment of unemployed jobseekers. It is granted and paid by the employment authority. An employer hiring an unemployed jobseek...https://tem.fi/en/pay-subsidy
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Innovation policy evaluation The impact and effectiveness of research, development and innovation (RDI) funding and other innovation policy measures on companies and society as a whole are assessed from different perspectives and through different...https://tem.fi/en/innovation-policy-evaluation
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Utvärdering av innovationspolitiken Konsekvenserna och effekterna av finansiering av forsknings-, utvecklings- och innovationsverksamhet (FoUI) och andra innovationspolitiska åtgärder för företagen och samhället som helhet bedöms ur olika synvinkl...https://tem.fi/sv/utvardering-av-innovationspolitiken
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20.5.2026 | The views on data centres and their electricity use presented in public tend to either depict the centres as a threat to the sufficiency of electricity or, alternatively, highlight the necessity and benefits of such investments. However, data centres are not a black-and-white issue. Data centres should be seen as a part of the overall economic change, data sovereignty and general electrification. Thro...https://tem.fi/en/-/column-data-centres-are-an-integral-part-of-a-developing-energy-system-and-economy
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9.9.2021 | The Government has issued a decree according to which the Act on Discretionary Government Transfers to Develop Business Operations in 2021–2028 will enter into force on 1 November 2021. The grant programmes under the Act will be used for implementing the EU’s regional and structural policy programmes in the programme period 2021–2027 and for nationally funded grants.https://tem.fi/en/-/a-new-act-on-discretionary-government-grants-to-develop-business-operations-to-enter-into-force-in-november
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22.4.2021 | Business cost support is intended for companies whose turnover has decreased by more than 30% due to the COVID-19 pandemic. On 22 April 2021, the Government issued a decree on the sectors that can apply for support without providing further justification. If a company does not operate in one of the sectors in the decree, it must justify the need for support and provide an account of the loss of turnover due to COVID-19.https://tem.fi/en/-/companies-in-all-sectors-can-apply-for-business-cost-support-some-without-further-justification
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Whistleblower protection Whistleblower protection safeguards people who report certain types of misconduct. In this case, a ‘whistleblower’ is a person who, in the course of their work, discovers a breach of European Union or national law concerni...https://tem.fi/en/whistleblower-protection
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24.2.2026 | Industrial Competitiveness Approach Means to guarantee economic growth in Finland in the 2010s Publications of the Ministry of Employment and the Economy Innovation 9/2013 Industrial Competitiveness Approach Means to guarantee economic growth in F...https://tem.fi/documents/1410877/3437254/Industrial+Competitiveness+Approach+17102013.pdf/34c9b17b-19aa-4237-91a5-ac04d7631664?version=1.1&t=1771921653951
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The Government’s climate targets are ambitious: carbon neutrality by 2035, and nearly fossil-free energy production in the course of the 2030s. The wide-ranging changes required to achieve these targets demand vigorous policies and consistent action. At the same time, however, one has to ensure social justice and the competitiveness of businesses. Paths to carbon neutrality involve major uncertainties.https://tem.fi/en/-/miten-hiilineutraaliin-yhteiskuntaan-paastaan-ja-mita-se-maksaa-
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25.2.2021 | The Finnish Government approved the content of REACT-EU funding on 25 February as part of the ongoing Sustainable growth and jobs structural funds programme. Allocation of recovery funds to regions will begin in spring 2021. This funding will particularly support SMEs from the perspective of digitalisation and a green economy.https://tem.fi/en/-/react-eu-instrument-to-support-regions-affected-by-the-coronavirus-pandemic
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Innovation policy promotes growth and renews the operating environment Finland’s competitiveness and success in the global market are based on skills, new knowledge and innovations. Research, development and innovation activities (RDI) play an ess...https://tem.fi/en/innovation-policy
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Bioeconomy In Finland, bioeconomy refers to an economy that relies on renewable, biological natural resources in a resource-wise manner to produce food, energy, products and services. The most important renewable, biological resources in Finland a...https://tem.fi/en/bioeconomy
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Security of supply and securing of vital functions in the administrative branch of the Ministry of Economic Affairs and Employment Preparedness model The concept for comprehensive security, established in the Security Strategy for Society, forms t...https://tem.fi/en/security-of-supply-and-securing-of-vital-functions
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18.12.2020 | The support for business costs is intended for all companies whose turnover has decreased by at least 30 per cent due to the COVID-19 pandemic. On 18 December 2020, the Government issued a decree on the sectors that can apply for support without providing further justification. If a company does not operate in one of the sectors defined in the decree, it must justify the need for support and provide an account of the loss of turnover due to COVID-19.https://tem.fi/en/-/companies-in-all-sectors-can-apply-for-business-cost-support-if-their-turnover-has-decreased-due-to-covid-19
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Restricting global warming is crucial to humanity’s future. There will be no easy transition to a low-emission world, or eventually to a carbon neutral world, and we must make changes in all spheres of life. The European Union has an important role as one who takes the lead and offers solutions. To do this, it needs an ambitious and comprehensive climate and energy policy that is based on knowledge.https://tem.fi/en/-/milla-evain-rakennetaan-eu-n-pitkan-aikavalin-vahapaastoisyysstrategia-
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3.9.2020 | In an attempt to create new jobs and economic growth, the Government is planning to launch a domestic ownership programme, which involves exploring different ways to strengthen and diversify Finnish ownership base in companies.https://tem.fi/en/-/new-programme-to-strengthen-finnish-ownership-in-companies
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9.2.2021 | At the request of Minister of Employment Tuula Haatainen, Director General of Finnish Customs Hannu Mäkinen has formulated a proposal to improve the opportunities of people with partial work ability to find employment. Mäkinen proposes that Finland should take Sweden’s Samhall company as a model, but adapt it to the Finnish needs.https://tem.fi/en/-/finland-should-follow-the-example-of-sweden-s-samhall-intermediate-labour-market-to-help-employ-people-with-partial-work-ability
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8.4.2021 | On 8 April, the Government submitted to Parliament a proposal on discretionary government transfers to develop business operations in 2021‒2028. Government transfers under the proposed act would promote economic growth, employment, business innovation and competitiveness as well as other industrial and business policy objectives. The proposal is linked with the new programming period of the EU’s regional and structural policy in 2021‒2027.https://tem.fi/en/-/government-proposal-on-discretionary-government-transfers-to-develop-business-operations-in-2021-2028
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26.6.2026 | The aim of the summit was to strengthen the cooperation among the parties to the Pax Silica initiative related to artificial intelligence, reliable technologies and strategic supply chains. The cooperation will be deepened by promoting collaboration between businesses and investments and innovation. The summit was held in Washington DC, the United States on 25–26 June 2026.https://tem.fi/en/-/finland-participated-in-pax-silica-summit-on-ai-and-reliable-technology-supply-chains
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9.7.2020 | On 9 July, the Government adopted an amendment to the Decree on Funding for Research, Development and Innovation Activities. The amendment permits the provision of funding for research, development and innovation activities under the temporary state aid scheme established in the context of the coronavirus epidemic and approved by the European Commission. According to the Commission decision, the support may not exceed EUR 800,000 per company.https://tem.fi/en/-/changes-in-business-finland-s-rdi-funding-due-to-covid-19
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Hallituksen esitys TEM/2026/99https://tem.fi/paatos?decisionId=6603
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24.2.2026 | Manufacturing as part of a vital enterprise structure Global industrial trends, the state of Finland’s manufacturing industry and the steps for reforming Finnish manufacturing industry Publications of the Ministry of Employment and the Economy Inn...https://tem.fi/documents/1410877/3437254/Manufacturing+as+part+of+a+vital+enterprise+structure+11022014.pdf/d281fd0b-be43-4241-9a1a-da3ae360abcd?version=1.1&t=1771921653951
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5.6.2020 | The aim of the new cost support is to reduce the number of companies going bankrupt in the on-going corona situation. To be eligible to receive support, the turnover of both the individual company and of the sector of industry must have decreased significantly.https://tem.fi/en/-/hallituksen-esitys-kustannustuesta-eduskuntaan-toimialan-ja-yrityksen-liikevaihdon-lasku-edellytyksena-tukeen
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14.5.2020 | In negotiations held on 13 May 2020, the Government decided to introduce a new form of support to businesses in all industries to cover their costs. The support is intended for companies that have experienced a marked decrease in turnover due to the coronavirus epidemic, and have costs that are difficult to adjust. Support is allocated to companies and sectors most severely affected by the coronavirus.https://tem.fi/en/-/hallitus-linjasi-yrityksille-uusi-kustannustuki-koronaviruksen-vuoksi
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10.12.2020 | The objective of business cost support is to help companies cope with the difficult economic situation caused by the coronavirus. The support is compensation for the company’s inflexible costs and payroll costs, but it does not compensate for a fall in turnover. The support is targeted at companies whose turnover has decreased by at least 30% due to the coronavirus. A new application round will open soon with partly renewed conditions.https://tem.fi/en/-/amendments-to-the-act-on-support-for-business-costs-to-enter-into-force-soon-application-round-for-coronavirus-hit-businesses-to-start-before-christmas