Summary:
Minister for Foreign Affairs Timo Soini says he is glad that the foreign ministers of the Arctic Council member states reached an agreement on a declaration that acknowledges the existence of the effects of climate change. In his opening speech, Mr Soini emphasised the importance of work against climate change and of the Paris climate agreement. The chairmanship of the council transferred from the United States to Finland at the meeting. Finland has emphasised that, during its chairmanship, the work of the council will focus on fighting climate change, while the United States’ stance on climate change remains unclear.
Catégorie : Presse Finlandaise
President Niinistö commented on relations between superpowers – « It is the factor that very clearly affects this relationship »
Summary:
President Sauli Niinistö estimates that the relations between superpowers Russia and the United States are not as icy as believed. He does not expect any major changes in the relations in the near future because the objectives of the Minsk agreement have not been met. Mr Niinistö discussed relations with Russia on Thursday when he met President of Germany Frank-Walter Steinmeier and noted that it would be good to start a certain kind of chain of détente. The presidents also discussed the future of the EU, and Mr Niinistö estimated that the biggest threat has been avoided with the win of Emmanuel Macron in the French presidential election.
National Audit Office of Finland criticises Finland for lack of transparency in development co-operation
Summary:
The National Audit Office of Finland (VTV) demands Finland to improve the transparency of the use of funds in multilateral development co-operation. According to VTV, development co-operation is also too fragmented which makes it more difficult to coordinate actions and hinders information flow and reporting. VTV gives the Ministry for Foreign Affairs positive feedback for the ministry’s systematic efforts to develop the effectiveness of development co-operation and for active participation in international organisations financed by Finland.
Media: Aamulehti
Date: 9.5.2017
Journalist: STT
Main source: –
EU trade ministers meet on Thursday – “There is support for open free trade in Europe”
Summary:
Demokraatti reports that Minister for Foreign Trade and Development Kai Mykkänen participates in the EU trade ministers’ meeting on Thursday in Brussels. Mr Mykkänen says that economic globalisation has been a hot topic after the election of Donald Trump. The French election result indicates that there is support for open free trade in Europe, he continues. The result does not solve everything, however, and we must be better able to respond to the challenges posed by globalisation, Mr Mykkänen notes.
Media: Demokraatti.fi
Date: 10.5.2017
Journalist: –
Main source: Kai Mykkänen, Minister for Foreign Trade and Development
President Niinistö would protect the Arctic by rejecting black coal
Summary:
President Sauli Niinistö says it may be difficult to keep the fight against climate change on the agenda of the Arctic Council as both US and Russian leaders have expressed doubts about the man-made nature of the problem. Finland is about to begin its term as chair of the council. Mr Niinistö believes common ground could be found if the issue was approached from the angle of black coal which is accelerating glacier melt. Rejecting emission sources for black coal, such as outdated energy plants and flaring, would not interfere with the interests of council members seeking economic profit in the area, Mr Niinistö notes.
Prime Minister Sipilä: French election result positive news for the EU
Summary:
Finnish Prime Minister Juha Sipilä says the result of the French presidential election is good news for the EU and also for Finland. According to Minister for Foreign Affairs Timo Soini, the election results leaves no room for second guessing. He does not expect the result to bring changes to the already good relations between Finland and France but believes that the continuation of co-operation between France and Germany in Europe could increase stability and predictability and thus be positive for Finnish economic growth. Also President Sauli Niinistö sees Emmanuel Macron’s election as good news for Europe and states that Mr Macron’s election also means increasing integration which benefits Finland.
Nordea’s Lippo Suominen praises strong results season
Summary:
According to Nordea’s weekly report, the many interim reports published last week gave a positive overall image of the performance of Finnish listed companies during the beginning of the year. Chief Investment Strategist Lippo Suominen states that results have, for the most part, met expectations and revenues have finally started to grow noticeably. More than half of the companies monitored by Nordea Markets have published their results, and up to 90% have met revenue expectations and had a positive result performance.
Media: Arvopaperi
Date: 2.5.2017
Journalist: Ahti Terhemaa
Main source: Nordea’s Chief Investment Strategist Lippo Suominen
Recent review reveals bleak trend: Household debt bomb ticking
Summary:
Finns are becoming increasingly indebted as their savings rate continues to be negative, the recent economic review by the Ministry of Finance indicates. High household indebtedness reflects on the national economy. Nordea’s Private Economist Olli Kärkkäinen says he is concerned if the negative savings rates continue in the long term and notes that some forecasts indicate that private consumption is growing faster than purchasing power. This means that the growth in consumption is based on debt, which is not sustainable in the long term. He is, however, glad that the rate of indebtedness has slowed down.