Economy

Economic Forecasts in Finland Criticised for Severe Inaccuracy, Overreliance in Policy Decisions, and Structural Flaws Amid Signs of Recovery

A new report by the Kalevi Sorsa Foundation, a social democratic think tank, has raised concerns over the accuracy of Finland’s economic forecasts and their influence on political decision-making. The report, authored by Executive Director Lauri Finér and economic policy expert Jussi Systä, argues that forecasts are frequently incorrect and should not be the sole basis for major fiscal policies. Yle further highlights that the report underscores a systemic issue where forecasters consistently fail to predict economic turning points, even for the current year, despite their central role in budget negotiations (Yle).

Vuosaari youth group’s violent incidents decline but new aggravated assault reported

A group of primary school-aged girls in Helsinki’s Vuosaari district, which sparked public concern last spring, has seen a reduction in reported crimes over the summer, though one of its members was involved in an alleged aggravated assault in July. Police and city youth services describe the situation

Strong winds and heavy rain hit Southern and Eastern Finland, with localized flooding and improving weather ahead

Strong winds and heavy rainfall swept across Southern and Eastern Finland over the weekend, bringing risks of fallen trees, power outages, and localized flooding. The Finnish Meteorological Institute (FMI) issued wind warnings for land areas in the south and east, with gusts intensifying to over 15 meters per second on

Tuition fees reduce number of new international students in Finnish upper secondary and vocational schools

The introduction of tuition fees for students from outside the EU and EEA has led to a decline in new international enrolments in Finnish upper secondary schools and vocational institutions this autumn. While the full impact of the legislative change remains uncertain, early reports indicate a sharp drop in applications,

Fatal Assault in Joensuu Leads to Arrests and Custody

A 60-year-old man from Joensuu died on Wednesday following a violent assault at a private residence in the city’s Rantakylä district. Emergency services were alerted to the incident in the afternoon, and despite resuscitation attempts by police and paramedics, the victim succumbed to his injuries while being

Read more

Vuosaari youth group’s violent incidents decline but new aggravated assault reported

Strong winds and heavy rain hit Southern and Eastern Finland, with localized flooding and improving weather ahead

Tuition fees reduce number of new international students in Finnish upper secondary and vocational schools

Fatal Assault in Joensuu Leads to Arrests and Custody