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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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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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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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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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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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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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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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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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24.4.2020 | EU tourism ministers will hold an informal video conference on 27 April 2020 on the economic impact of the coronavirus outbreak on tourism. Minister of Economic Affairs Mika Lintilä will represent Finland at the meeting.https://tem.fi/en/-/eu-ministerit-keskustelevat-koronaviruksen-vaikutuksista-matkailuun
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22.10.2020 | Finland's regions will be supported by more than 100 million euros to help their recovery efforts amid the coronavirus epidemic. The funding comes from Finland’s Structural Funds programme and the appropriations supporting sustainable growth and vitality in the regions and development projects for SMEs.https://tem.fi/en/-/regions-to-receive-over-eur-100-million-for-coronavirus-recovery-efforts
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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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2.4.2020 | The Government proposes that, as a temporary measure, entrepreneurs would also be entitled to labour market support on the grounds of sudden and unforeseen decline in the demand due to the coronavirus epidemic. The aim is to ensure the livelihood of entrepreneurs. The act should enter into force as soon as possible and it would remain in force until 30 June 2020.https://tem.fi/en/-/yrittajille-oikeus-tyottomyysturvaan-koronavirusepidemian-vuoksi
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2.4.2020 | On 2 April 2020, the Government decided to issue a decree on the temporary amendment of the Government Decree on Discretionary Government Transfers to Develop Business Operations. Provisions on the granting of business development aid in the market and production disruption caused by the coronavirus epidemic were added to the Decree. Temporary amendments would be in force from 3 April to 31 December 2020.https://tem.fi/en/-/yrityksille-kehittamisavustusta-koronavirusepidemian-aiheuttamassa-hairiotilanteessa
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26.3.2021 | In February–March 2021, the Employment and Economic Development Offices (TE Offices) defined 37 occupations as shortage occupations nationwide. A year ago, before the effects of the coronavirus epidemic started to show, there were 60 such occupations. In the autumn of 2020, 31 of the estimated 200 occupations suffered from labour shortage. In other words, the number of shortage occupations has risen slightly from the assessment in the autumn.https://tem.fi/en/-/occupational-barometer-number-of-shortage-occupations-rises-slightly-as-effect-of-coronavirus-epidemic-stabilises
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25.9.2020 | In their video conference on 28 September 2020, EU tourism ministers will discuss ways of promoting the recovery of tourism from 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/-/eu-tourism-ministers-discuss-the-recovery-of-tourism-from-the-coronavirus-crisis
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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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19.11.2020 | The analysis by the National Emergency Supply Council on the impacts of the coronavirus crisis on security of supply and development needs has been completed. The report proposes updating the objectives of security of supply, clarifying the role of the National Emergency Supply Agency and developing cooperation between the public and private sectors.https://tem.fi/en/-/minister-haatainen-objectives-of-security-of-supply-to-be-updated-based-on-coronavirus-crisis
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28.8.2020 | The Ministers of Economic Affairs of the Nordic Council of Ministers will discuss the recovery of business and industry from the coronavirus crisis at a video conference on 1 September 2020. Finland will be represented by Minister of Economic Affairs Mika Lintilä.https://tem.fi/en/-/nordic-council-of-ministers-to-discuss-business-recovery-from-the-coronavirus-crisis