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13.5.2022 | On 12 May 2022, the European Commission decided that the more flexible state aid rules that were introduced to mitigate the economic effects of the coronavirus pandemic would largely end on 30 June 2022. The decision was based on the Commission’s assessment that the coronavirus pandemic no longer has a negative impact on the EU economy. However, the measures under the temporary state aid rules to support the recovery of the EU will remain in force until the end of 2022 and 2023.https://tem.fi/en/-/more-flexible-eu-state-aid-rules-introduced-during-the-covid-pandemic-to-end-in-phases
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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.https://tem.fi/en/-/evaluation-report-use-of-react-eu-pandemic-funding-has-succeeded-well
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The European Globalisation Adjustment Fund for Displaced Workers The European Globalisation Adjustment Fund for Displaced Workers (EGF) provides support in the event of unforeseen and unexpected developments that impact the business of companies (...https://tem.fi/en/european-globalisation-adjustment-fund
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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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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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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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International cooperation on security of supply Finland has a well-functioning and unique security of supply system. The significance of international cooperation has increased alongside national preparedness measures, particularly as a result of ...https://tem.fi/en/international-cooperation-on-security-of-supply
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Domestic tourism in Finland Domestic tourism generated 56% of Finland's tourism demand in 2024 and it plays a significant role in terms of both the volume of tourism and year-round activity. Domestic tourism improves the year-round supply of touri...https://tem.fi/en/domestic-tourism
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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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3.12.2021 | EU ministers responsible for employment and social affairs will discuss the directive on adequate minimum wages as a way of combating in-work poverty. Other items on their agenda include pay transparency and gender equality in the labour market.https://tem.fi/en/-/ministers-to-discuss-minimum-wages-pay-transparency-and-the-covid-19-pandemic-in-brussels
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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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1.9.2021 | Economic expectations among SMEs have risen sharply following the pandemic year, the SME Barometer of 4,600 entrepreneurs shows.https://tem.fi/en/-/survey-of-4-600-entrepreneurs-business-conditions-near-pre-pandemic-levels-but-uncertainty-continues
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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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6.9.2021 | Tourist spending in Finland will decrease by 30–40% in 2021. If demand picks up in November–December, total spending is estimated to shrink by around 30%, or more than EUR 5 billion. If, however, demand starts to recover only in spring 2022, total spending will decrease by about 40%, or over EUR 6 billion.https://tem.fi/en/-/estimate-tourism-spending-to-remain-30-40-below-the-pre-pandemic-level-this-year
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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
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26.2.2021 | In their video conference on 1 March 2021, EU tourism ministers will discuss ways of helping the tourism sector recover from the crisis caused by the coronavirus pandemic. State Secretary Kimmo Tiilikainen will represent Finland at the meeting on behalf of Minister of Economic Affairs Mika Lintilä.https://tem.fi/en/-/recovery-of-tourism-after-covid-19-pandemic-on-the-agenda-of-eu-tourism-ministers
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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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22.2.2021 | 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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17.11.2020 | Uncertainty caused by the coronavirus crisis will continue in the economy and on the labour market The recovery of the labour market will begin in late 2021, though fairly moderately, There is also the risk that some of impacts on the labour market will continue for a long time.https://tem.fi/en/-/labour-market-forecast-prolonged-unemployment-will-shape-the-labour-market-as-the-pandemic-continues
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25.5.2021 | Minister of Economic Affairs Mika Lintilä will hold a video conference with the Chinese Minister of Commerce Wang Wentao on 25 May 2021. They will discuss trade and investment between the countries, work of the China-Finland Committee for Innovative Business Cooperation and current changes in the business environment. The aim is to speed up cooperation between Finland and China in trade and the economy.https://tem.fi/en/-/minister-lintila-to-discuss-cooperation-and-recovery-of-trade-with-china-s-minister-of-commerce