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Study: Finland’s spending limits system needs a reform, as the current rules do not function effectively in unexpected crises
The regulatory framework of Finland's fiscal policy has faced several crises that have revealed its ineffectiveness in dealing with unexpected situations. The system should be reformed and its operating model clarified, finds a recent study conducted by the Research Institute of the Finnish Economy (ETLA) for the Government. According to the researchers, the budgetary framework should distinguish between the operating procedures for normal economic cycles and exceptional crises. Independent monitoring of the regulatory framework should be intensified, while the relationship between the national and EU-level regulations should be clarified.
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Report: Carbon dioxide use and removal present significant opportunities for Finland
Carbon dioxide capture, use and storage technologies offer significant opportunities for Finland when it comes to both achieving the carbon neutrality target and creating new business. However, stronger national guidance, a clearer regulatory environment and measures to ensure sustainability are needed for the deployment of solutions. This is according to a new report drawn up for the Government by VTT Technical Research Centre of Finland Ltd, the Finnish Environment Institute and Tyrsky Consulting.
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Study: Nearly half of Finnish companies have encountered barriers to international trade, global political situation shakes up companies’ supply chains
As many as 41% of Finnish companies have experienced trade barriers in their international operations in recent years. Most of the examined trade barriers between 2019 and 2022 occurred in countries outside the EU, especially in Russia, the United States and China. However, according to a study conducted by ETLA Economic Research for the Finnish Government, companies also encountered trade barriers in the EU.