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29.8.2024 | On 29 August 2024, the Government appointed a new Board for the National Nuclear Waste Management Fund for the term of 1 September 2024–31 August 2027. The chair of the new Board will be Chief Risk Officer Jarkko Heikkilä from the Elo Mutual Pension Insurance Company.

12.12.2023 | On 8 December 2023, the Ministry of Economic Affairs and Employment decided to grant a total of EUR 825,000 in coordination funding to six areas to manage structural change and to strengthen their vitality.

31.1.2024 | The REACT-EU additional funding allocated to regions and sectors most affected by the coronavirus pandemic has largely met the long-term development needs of companies and entrepreneurs. According to a recently completed final evaluation of the REACT-EU additional funding, the funding has been implemented successfully, considering the other pandemic-related funding instruments used at the same time.

Accessibility statement for the website tem.fi In this Accessibility Statement, we describe how the Ministry of Economic Affairs and Employment’s website tem.fi complies with the Act on the Provision of Digital Services, what are the website acces...

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.

7.8.2025 | Finland is known as a country of responsible use of nuclear energy. Safety comes always first. Responsibility includes ensuring the funds required for nuclear waste management and for the decommissioning of facilities. An extensive legislative reform is, however, required to streamline regulation and licensing. The reform process is also driven by the need to take account of new technologies and the profitability challenges of the sector.

26.5.2021 | The Ministry of Economic Affairs and Employment and government agencies under its purview will open calls for funding applications from companies under Finland’s Sustainable Growth Programme in autumn 2021. The funding will support energy transformation, circular economy and energy solutions in industry, and investments in research, development and innovation (RDI).

2.9.2019 | A working group tasked with assessing the legal standards that regulate the investment activities of the National Nuclear Waste Management Fund and the investment instruments available to it submitted its report to Minister of Economic Affairs Katri Kulmuni on 2 September 2019. The working group proposed various ways of improving the regulation and administration of the investment of assets under the Fund’s management.

27.5.2025 | The working group on non-fossil flexibility appointed by the Ministry of Economic Affairs and Employment has released its final report. According to it, flexible demand for and supply of electricity as well as various energy storages will be necessary to respond to the challenges of rapidly fluctuating electricity generation driven by increasing renewable energy production.

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). 

31.3.2021 | The working group on peat, which was appointed by the Ministry of Economic Affairs and Employment, submitted its report to Minister of Economic Affairs Mika Lintilä on 31 March 2021. The report includes measures to improve the situation of peat industry operators as demand for energy peat declines sharply due to the emission allowance prices rising much faster than previously forecast.

27.2.2023 | Luxembourg will fund solar power projects in Finland with EUR 40 million through a new EU renewable energy financing mechanism. The projects will be selected through competitive tendering carried out by the European Commission and the European Climate, Environment and Infrastructure Executive Agency (CINEA).

12.5.2022 | The European Commission has approved the EU regional and structural policy programme, Innovation and Skills in Finland 2021–2027, and Finland’s partnership agreement among the first in the whole EU. The programme promotes the vitality, employment and wellbeing of the regions. The partnership agreement describes the strategic direction and mutual coordination of different funds.

8.4.2021 | The Government has proposed to enact a law on regional development and implementation of the European Union’s regional and structural policy (the implementation act) and a law on the funding of regional development and the European Union’s regional and structural policy projects (the funding act). The proposed laws help preparations for the new programming period of the EU’s regional and structural policy in 2021–2027.

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.

24.3.2021 | The domestic ownership programme presents a vision of a Finnish ownership society in 2030 where ownership is widely appreciated and ownership is considered as a common good. The culture of responsible ownership and accepting the growth in prosperity are part of the Finnish identity. The attitude to ownership is open and encouraging.

2.5.2024 | The Government has issued a negative decision on 16 applications for exploitation rights concerning offshore wind power in the exclusive economic zone. Many of the areas located in the Gulf of Bothnia overlap each other.

11.6.2020 | On 11 June 2020, the Government adopted a strategy and an action plan for tackling the grey economy and economic crime for 2020–2023. The tackling of the grey economy will focus on prevention, more effective access to information and cooperation between authorities.

16.9.2020 | “The Government demonstrated its capacity to act in the budget session by making bold decisions to boost employment. Labour market organisations are also invited to provide solutions to strengthen the employment and labour market position of older people. I am confident that by the end of November we will have received some solutions from them. The organisations have cooperated well with the Government, especially during the coronavirus crisis,” Minister of Employment Tuula Haatainen says. 

18.12.2020 | On this page, you will find information on the changes that will affect the administrative branch of the Ministry of Economic Affairs and Employment at the turn of the year. You will also find links to further information on each of the changes.