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REACT-EU instrument to support regions affected by the coronavirus pandemic - Ministry of Economic Affairs and Employment

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
EU cohesion ministers to discuss strategic objectives and implementation of recovery funding - Ministry of Economic Affairs and Employment

29.9.2020 | EU ministers responsible for regional and structural policy, or cohesion policy, will hold a high-level video conference on 29 September to discuss ways of using the EU’s recovery instrument in the Member States to address the economic effects of the COVID-19 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-cohesion-ministers-to-discuss-strategic-objectives-and-implementation-of-recovery-funding
Government Proposal on discretionary government transfers to develop business operations in 2021-2028 - Ministry of Economic Affairs and Employment

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
Companies in all sectors can apply for business cost support if their turnover has decreased due to COVID-19 - Ministry of Economic Affairs and Employment

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
Minister Lintilä: Roadmap encourages companies to invest in research, development and innovation in Finland - Ministry of Economic Affairs and Employment

23.4.2020 | At its meeting on 21 April 2020, the Ministerial Working Group on Competence, Education, Culture and Innovation adopted a National Roadmap for Research, Development and Innovation (RDI). The Roadmap paves the way for sustainable growth and wellbeing in the 2030s based on knowledge, education, research and innovation.

https://tem.fi/en/-/ministeri-lintila-tiekartta-kannustaa-yrityksia-investoimaan-tki-toimintaan-suomessa
Measurement units redefined to enable more accurate measurement - Ministry of Economic Affairs and Employment

11.6.2020 | Finnish legislation has been changed with regard to the definitions of measurement units. This change was made following a redefinition of the base units in the international measurement system. The base units include second, metre and kilogram. The new definitions will enable even more accurate measurement, and lay the foundation for new innovations and technologies.

https://tem.fi/en/-/mittayksikoiden-maaritelmia-muutettu-mahdollistaa-entista-tarkemman-mittaamisen
Bioeconomy Advisory Panel meets for the first time with the aim of creating sustainable growth from the bioeconomy - Ministry of Economic Affairs and Employment

14.10.2020 | Finland is currently updating its Bioeconomy Strategy. The objective is to make use of the bioeconomy to create new products and services that support economic growth and employment while promoting the transition to a carbon neutral society. The Bioeconomy Advisory Panel, which met for the first time on 14 October 2020, will provide advice on the strategy.

https://tem.fi/en/-/bioeconomy-advisory-panel-meets-for-the-first-time-with-the-aim-of-creating-sustainable-growth-from-the-bioeconomy
Sector report: Tourism grew steadily before the coronavirus pandemic – Finland continues to have several competitive advantages - Ministry of Economic Affairs and Employment

10.2.2021 | The turnover and staff numbers of companies in the tourism sector have increased during 2015–2019. After four consecutive years of growth, the coronavirus pandemic brought tourism to a halt in spring 2020. According to estimates, the recovery of tourism will take a few years, with sustainability and security among Finland’s key assets in future.

https://tem.fi/en/-/sector-report-tourism-grew-steadily-before-the-coronavirus-pandemic-finland-continues-to-have-several-competitive-advantages