The war in Ukraine is putting a half-a-billion euro dent in the budget. Finance Minister Annika Saarikko (Cen) on Saturday said the war in Ukraine is impacting Finland’s public finances. And mutual sanctions are hurting Finnish economy. “The fiscal framework agreed last spring will be respected in all areas otherContinue Reading
The security policy situation has changed, the Government says and adds another 3,5 billion kroner (€362 million) to the budget for strengthening defense and civil preparedness. Russia’s operation in Ukraine “represents a turning point for Norwegian and European security,” Prime Minister Jonas Gahr Støre said at a press conference inContinue Reading
The central Bank of Lithuania has proposed anti-inflationary measures aimed at helping people most affected by rising price. Such measures include a proposed further increase in non-taxable income, state compensations for those who heat their homes with gas or electricity, and potential public transport subsidies. The central bank is suggestingContinue Reading
Prime Minister Sanna Marin (SDP) on Saturday said any potential Finnish bid to join Nato would have to be made before summer. Sanna Marin on Saturday told Social Democratic Party delegates gathered in Helsinki that it was time for Finland to seriously reconsider its stance on military allegiance. That’s aContinue Reading