Tag: Finland

• Monday, April 27th 2015 - 21:41 UTC

  In Finland the rich pay higher fines in accordance with their income

  

  Getting a speeding ticket is not a feel-good moment for anyone. But consider Reima Kuisla, a businessman in Finland. He was recently fined 58,000 dollars for traveling a modest, if illegal, 64 mph in a 50 mph zone.

• Monday, September 29th 2014 - 08:54 UTC

  Uruguay needs to improve infrastructure, “especially roads and port facilities”

  

  Finland's UPM, one of the largest forestry groups in the world, does not intend for the moment to build any new pulp mills in Uruguay, said Jaakko Sarantola, vice president of the cellulose division of the company, who also pointed out that Uruguay needs to improve infrastructure to facilitate logistics.

• Wednesday, August 13th 2014 - 05:52 UTC

  Three Finnish icebreakers for Russia's oil and gas operations in the Arctic

  

  Finland-based Arctech Helsinki Shipyard has been contracted to build three icebreaking stand-by vessels for Russian shipping company Sovcomflot, for a total cost of 380 million dollars.

• Wednesday, July 11th 2012 - 03:03 UTC

  Roubini says ‘perfect storm’ is closer; forecasts Finland will leave the Euro before Greece

  

  Nouriel Roubini, or “Mr. Doom” who predicted earlier this year that a “perfect storm” scenario would play out in the global economy, has now said that his prediction is coming true, pointing to slow growth currently hitting the United States, Europe and China.

• Tuesday, December 6th 2011 - 19:04 UTC

  Chilean education system tends to “exclusion and discrimination” says UNESCO

  

  The Chilean education system promotes inequality and exclusion according to a report from UNESCO regional office released in Santiago, based on comparing education legislation from Argentina, Uruguay and Finland.

• Tuesday, May 17th 2011 - 00:44 UTC

  Euro aid package for Portugal approved but private bond holders also involved

  

  Euro zone finance ministers approved Monday a three-year, 78-billion Euro emergency loan program for Portugal and said Lisbon would ask private bondholders to maintain their exposure to its debt.

• Tuesday, May 3rd 2011 - 22:52 UTC

  Portugal reaches agreement with EU and IMF for 116 billion dollars bail-out

  

  Portugal’s caretaker Prime Minister Jose Socrates announced Tuesday that he has reached agreement on a bail-out from the EU and the International Monetary Fund. He said the three-year loan was a “good agreement that defends Portugal”.

• Monday, April 18th 2011 - 21:51 UTC

  Finland’s anti-Euro strong showing could block Portugal’s bailout negotiation

  

  What’s the link between Portugal's bailout negotiations and Finland? Well negotiations began under a cloud Monday after an anti-Euro party scored big gains in a Finnish election and immediately vowed to derail the pending rescue.

• Thursday, May 13th 2010 - 11:01 UTC

  Europe Calls on Bulgaria, Cyprus, Denmark and Finland to Reduce Budget Deficits

  

  Government deficits in Bulgaria, Cyprus, Denmark and Finland have gone too far over the 3% of GDP reference value for the European Union and need to be brought down through stronger budget consolidation measures, concluded the European Commission in reports considered on Wednesday.

• Friday, April 30th 2010 - 05:54 UTC

  Uruguay’s Fray Bentos Pulp Mill Boosts Profits of Finland’s UPM

  

  Finland’s pulp and paper manufacturer UPM's (OMX: UPM1V) Fray Bentos unit in Uruguay proved overwhelmingly the most profitable, helping to boost an otherwise first quarter profit of the year which was described as “unsatisfactory” by CEO Jussi Pesonen.