Nordea’s Sorjonen not surprised about IMF’s recommendations: ‘Good that an outsider comes and says it’

Summary:

The IMF has released an estimation of the Finnish economy, stating that Finland is rising from a long recession but that the recovery is slow. Pasi Sorjonen, chief analyst at Nordea, says the report is consistent with all existing forecasts. The IMF also notes that Finnish export is still suffering difficulties and that investments in construction and private consumptions are the engines of growth. Finland is urged to carry out structural reforms and criticised for cutting R&D funding.

Media:  Talouselämä

Date: 4.10.2016

Journalist: Anna-Kaisa Urpelainen

Main source: Pasi Sorjonen, chief analyst at Nordea

Minister for Foreign Affairs Soini: Russia has central role in murdering Syrians

Summary:

Finland joined on Tuesday Western countries condemning the bombing of Aleppo by the Syrian army and Russia. In a statement, the President and the Ministerial Committee on Foreign and Security Policy condemn the intentional targeting of civilians and civilian infrastructure such as hospitals and urge parties to the conflict to commit to a nationwide ceasefire and to ensuring that humanitarian aid reaches the city. Minister for Foreign Affairs Timo Soini commented on the statement in Parliament by saying that it is shameful to the international community that such murdering is allowed to go own and that Russia has a central role in it.

President Niinistö: Finland thought investigators would receive missile test data from Holland

Summary:

President Sauli Niinistö said in press conference on Friday that he was surprised to hear that the international team investigating the MH17 incident were not able to use the data from missile tests in Finland in their report. There are two teams investigating the incident, a Dutch one and an international one, and Finland had only given the Dutch team permission to use the data. According to Mr Niinistö, Finland has received several aid requests from Holland and has had to compare each one to the secrecy conditions of the supply contract of the Buk missile system. The latest request, pertaining to more detailed information about the missile system and the permission to share it with the international investigation team, has not yet been processed. Mr Niinistö says the matter is delicate because it is related to arms trade, not because it is related to Russia.

Timo Soini in Birmingham: Missile scandal does not impair Finland’s reputation – “we did the right thing”

Summary:

Minister for Foreign Affairs Timo Soini attended a party convention by the British Conservative Party in Birmingham and commented on the MH17 missile scandal. Mr Soini says that Finland did the right thing by aiding the Dutch investigation and does not believe the incident impaired Finland’s reputation. Mr Soini also commented on Brexit. Mr Soini wishes the British EU exit takes place swiftly. He thinks it is clear that both parties – Britain and the EU member states – will have to make compromises. A good deal with Britain is in the best interests of Finland. He believes Finns will continue to be able to work and study in Britain after Brexit.

Finnish Forest Industries: “Only profitable production stays in Finland”

Summary:

VATT Institute for Economic Research criticises the industry compensations of EU emissions trading while the Finnish Forest Industries thinks compensation is needed in order to keep factories in Finland. VATT Economist Marita Laukkanen says that according to research, emissions trading does not cause carbon leakage nor does the competitiveness of Finnish industries depend on the price of electricity. Timo Jaatinen, CEO of the Finnish Forest Industries, says that the purpose of the EU emissions trading system is to make sure that European clean industries do not move to countries with less tight restrictions.

Media:  Maaseudun Tulevaisuus

Date: 26.9.2016

MP Pertti Salolainen: Secrecy about missile tests in Finland « extremely frustrating »

Summary:

MP and Vice President of the Foreign Affairs Committee Pertti Salolainen is extremely frustrated that parliament was not informed about the secret missile tests conducted in Finland. The tests related to the Dutch-led criminal investigation of the incident where a Malaysian jet was shot down in Ukraine in 2014. Salolainen says there have been claims that the missile tests were a sensitive matter because of Russia but states that it would have been better to openly admit that Holland had asked Finland for assistance. PM Juha Sipilä confirmed on Wednesday that the government and President Sauli Niinistö knew about the tests but did not wish to speculate on Russia’s reaction to Finland’s involvement in the matter.

Minister Kai Mykkänen: TTIP negotiations continue despite opposition by France

Summary:

According to Minister for Foreign Trade Kai Mykkänen, the EU continues to negotiate the TTIP deal with the US despite the fact that France and Austria demanded the discontinuation of the negotiations on Friday. A clear majority of member states think the Commission’s mandate is still valid, he said. Mr Mykkänen expects the EU-Canada deal CETA to enter partially into force next year. A massive popular movement opposing both trade deals has been born in Europe, and the approaching elections in Germany, France, and Austria have caused politicians to reconsider their positions, too.

Media:  Helsingin Sanomat (E-edition) 

Finland’s unofficial EU defence document proposes practical cooperation

Summary:

An unofficial document by Finland on EU defence has been released. The document outlines that EU defence integration should focus on securing Europe, crisis management, supporting partners, and preventing and responding to external threats. The plan is pragmatic and emphasises the creation of security and defence partnerships after Britain’s decision to leave the EU. Finland also proposes additional funds to EU joint combat forces and to research and development of military technology.

Media:  Verkkouutiset / Nykypäivä

Date: 27.9.2016

Journalist: Kasperi Summanen

Main source: –