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A number of climate investments are underway in Finland and across Europe. In the plans, thousands of windmills on land and sea, hydrogen and synthetic fuels, and many other innovative energy solutions will help Europe’s transition to climate neutrality. With measures to boost the economy after the coronavirus crisis, public funding for the green transition will come from many directions. Howev...https://tem.fi/en/-/money-alone-is-not-enough-consistent-regulation-is-key-to-eu-s-climate-goals
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Press releases, news, columns and other current materials from the Ministry of Economic Affairs and Employment.https://tem.fi/en/current-issues
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Working at sea The conditions of seamen’s employment contracts differ from other employment relationships. They are laid down in the Seafarers' Employment Contracts Act. The Act applies to work that an employee carries out under a contract on a Fi...https://tem.fi/en/legislation-on-seafaring
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23.1.2025 | The coronavirus support granted to businesses helped to maintain more than 40,000 jobs in Finland during the first year of the pandemic. The majority of jobs were preserved thanks to Business Finland’s COVID-19 funding programme. These are the conclusions of a study by the Research Institute of the Finnish Economy (ETLA) titled The Effects of Covid-19 Business Subsidies in Finland – Final Report. ...https://tem.fi/en/-/coronavirus-support-preserved-40-000-jobs-but-business-subsidy-system-needs-to-be-enhanced-for-future-crises
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EU Internal Market Emergency and Resilience Act The Internal Market Emergency and Resilience Act (IMERA) entered into force on 8 November 2024 and it will apply from 29 May 2026. The Act aims to ensure the functioning of the internal market, i.e. ...https://tem.fi/en/internal-market-emergency-act
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The strategy will contain a common view of the raw material supply situation in the minerals sector and industry as well as main policies and their objectives. The work primarily aims to promote the growth of the Finnish mineral cluster in order to strengthen the clean transition and Europe’s strategic autonomy. Another objective is to increase the value added of the raw materials from the mining industry.https://tem.fi/en/project?tunnus=TEM126:00/2023
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Other funding targets under the Sustainable Growth Programme in the Ministry of Economic Affairs and Employment and government agencies under its purview The Sustainable Growth Programme includes investments and reforms that support the European U...https://tem.fi/en/other-funding-targets-under-the-sustainable-growth-programme
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Sustainable Growth Programme funding to companies from the Ministry of Economic Affairs and Employment and government agencies under its purview Recovery funding promotes the renewal of economic structure and the competitive advantage of Finnish c...https://tem.fi/en/funding-available-to-companies-under-the-sustainable-growth-programme
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5.6.2020 | The Government considers it necessary to continue the measures that have secured the livelihoods of jobseekers and entrepreneurs and helped businesses to overcome the worst of the crisis. The measures concern lay-offs and co-operation procedures; the right of laid-off employees and entrepreneurs to unemployment benefit; and start-up funding.https://tem.fi/en/-/hallitus-esittaa-jatkoa-toimille-joilla-on-tuotu-turvaa-ja-joustoa-tyomarkkinoille-korona-aikana
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21.11.2022 | The employment ministers of the Nordic Council of Ministers will meet in Oslo on Tuesday 22 November 2022. The Ministers will discuss an OECD research project that examines the effects of the coronavirus pandemic on the Nordic labour market. They will also debate the future challenges affecting work and the ways to strengthen the Nordic working life model.https://tem.fi/en/-/nordic-labour-ministers-discuss-effects-of-changing-working-life-and-coronavirus-pandemic-on-the-labour-market
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17.5.2022 | Business cost support granted during the coronavirus crisis increased companies’ turnover, turned them profitable and lowered the risk of debt restructuring. Due to the support for business costs, some of the loss-making companies became profitable during the coronavirus epidemic. However, the new rounds of support have slowed down a beneficial structural change of the economy. These are the conclusi...https://tem.fi/en/-/assessment-coronavirus-support-helped-companies-survive-the-pandemic-but-initial-allocation-of-aid-could-have-been-improved
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16.3.2021 | Business Finland’s model for the internal control of coronavirus funding is comprehensive and well organised. Business Finland has succeeded well in communications and in providing clear and adequate instructions and advice to beneficiaries of aid. It has also continued to develop its internal guidelines and communications. The resources for processing the final reports were sufficient at the time of the audit, and there were no backlogs.https://tem.fi/en/-/audit-of-business-finland-s-coronavirus-funding-completed
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17.5.2023 | A decision on the overall level of business subsidy expenditure could serve as a tool for maintaining policy discipline. A clear exit strategy is needed to abolish the more flexible state aid rules. According to the annual report of the Research Division on Business Subsidies published on 17 May 2023, R&D activities should be expanded to more sectors and aid policy should be targeted more efficiently in order to achieve the R&D objectives.https://tem.fi/en/-/report-a-clear-exit-strategy-is-needed-to-abolish-the-more-flexible-state-aid-rules
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9.4.2020 | Concerns have been raised as to whether different language groups have access to sufficient information on the coronavirus. Various public authorities provide and compile official information in several languages on their websites. However, the information is scattered and online sources do not reach all target groups. One particular problem is that language minorities may not have enough information on the coronavirus and its impacts.https://tem.fi/en/-/tietoa-koronaviruksesta-useilla-kielilla
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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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25.11.2021 | The short-term expectations of SMEs in the healthcare and social services sector have become increasingly positive since 2020.https://tem.fi/en/-/sme-barometer-positive-outlook-for-smes-in-healthcare-and-social-services-sector-business-unaffected-by-coronavirus-crisis
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22.2.2021 | Domestic and foreign tourists spent 9.3 billion euros in Finland in 2020, which represents a fall of 42% from the amount spent in 2019, EUR 16.1 billion. In other words, the coronavirus pandemic reduced the spending by tourists in Finland by nearly EUR 7 billion.https://tem.fi/en/-/evaluation-coronavirus-pandemic-reduced-tourist-spending-by-over-40-in-finland-in-2020
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22.12.2020 | Minister of Employment Tuula Haatainen and Minister of Economic Affairs Mika Lintilä have appointed a rapporteur to assess what measures will be needed for the aviation sector to recover from the coronavirus pandemic. The aim is to ensure that the sector can grow sustainably in the future. Rapporteur Kari Savolainen will submit his proposal to the Ministry of Economic Affairs and Employment by 15 March 2021.https://tem.fi/en/-/rapporteur-seeks-ways-to-restart-aviation-sector-after-coronavirus-pandemic
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22.3.2021 | According to preliminary data from the Working Life Barometer, the coronavirus pandemic has increased uncertainty among wage and salary earners about their job security compared to 2019, but to a significantly smaller degree than during any other economic crisis in the 30-year history of the Barometer. Remote work, the use of lay-offs and support measures introduced for companies have alleviated fears of redundancy among wage and salary earners compared with previous economic crises.https://tem.fi/en/-/working-life-barometer-2020-coronavirus-pandemic-causes-a-huge-leap-towards-remote-working
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17.3.2021 | Tourist spending in Finland will decrease by 40–50% in 2021. If demand starts to increase in late summer, total spending is estimated to shrink by around 40%, or more than EUR 6 billion. If, however, demand starts to recover only in the winter season of 2021–2022, total spending will decrease by about 50%, or around EUR 8 billion.https://tem.fi/en/-/estimate-coronavirus-pandemic-to-cut-tourist-spending-by-up-to-50-in-finland-this-year