March 2020

19Mar

Finnish unions, employers agree crisis proposals over coronavirus

Finnish trade unions and employers on Wednesday agreed measures to support the labour market and promote temporary changes in legislation to shore up the weakening economy, they said in a joint statement. “The troubles of companies are here and now. Businesses need ways to cope with the corona crisis,” said Jyri Hakamies, the head of industry federation EK. The package - which needs to be approved by the centre-left government - includes measures such as shortening the duration of...

March 19, 2020
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February 2020

24Feb

‘Massive Risk’ Drives ESG Bets at $108 Billion Finnish Funds

Two of Finland’s biggest pension funds, with combined assets of $108 billion, are determined to make their portfolios carbon neutral over the next decade and a half, in a race to dodge the fallout of global warming before it’s too late. “Climate change is such a massive risk factor for companies in the future,” Anna Hyrske, head of responsible investments at Ilmarinen Mutual Pension Insurance Co., said in an interview. Climate change has been on the agenda for years,...

February 24, 2020
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June 2019

26Jun

Virtual visits: how Finland is coping with an ageing population

It’s 11.30am on a midweek June morning in Helsinki, Finland. Duvi Leineberg, a remote care nurse, is doing the lunch rounds. But instead of jumping in a car and visiting each person one by one, she is sitting in an office looking at a large computer screen where she can see into seven people’s homes. Most are sitting at a table preparing to tuck into some food. This is a virtual lunch group, set up to make sure older...

June 26, 2019
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May 2019

21May

DBRS warns Finland about population ageing, rising household debt

FINLAND has received yet another warming about population ageing and growing household debt.DBRS, a credit rating agency headquartered in Toronto, Canada, on Friday stated that population ageing and the shrinking of the working-age population are putting pressure on the public economy, representing a major medium-term challenge for Finland.The high level of household debt was another source of concern for the credit rating agency. “The high debt level and substantial portion of mortgages with variable interest rates increase the vulnerability of the...

May 21, 2019
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