Mika Lintilä
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Mika Lintilä
Mika Tapani Lintilä (born 15 April 1966) is a Finnish politician currently serving as Minister of Economic Affairs since 2019. A member of the Centre Party, he has been a Member of Parliament (MP) since 1999. Lintilä has formerly served as Minister of Economic Affairs in the Sipilä Cabinet from 2016 to 2019 and as Minister of Finance and Deputy Prime Minister of Finland in the Rinne Cabinet in 2019. Early life and education Lintilä is the son of the Centre Party MP Aaro Lintilä. He holds a Bachelor of Administrative Sciences from Tampere University. Political career Member of the Finnish Parliament, 1999–present Lintilä has been serving as a member of the Finnish Parliament since the 1999 elections. He has since served on a variety of committees, including the following: * Commerce Committee (member) 7 April 1999 – 18 March 2003 * Committee for the Future (deputy member) 23 April 1999 – 29 February 2000, (deputy member) 3 March 2000 – 15 March 2002, (member) 19 M ...
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Deputy Prime Minister Of Finland
The Deputy Prime Minister of Finland (, , ''Finland's Prime Minister's Substitute''), officially titled the Minister deputising for the Prime Minister, is a member of the Finnish Government who becomes the acting Prime Minister if the Prime Minister becomes unable to discharge their duties. The Deputy Prime Minister is appointed by the Government and traditionally comes from the second largest party of a coalition government. In recent years they have usually been the Minister of Finance as well. The current Deputy Prime Minister of Finland is Annika Saarikko Annika Virpi Irene Saarikko (born 10 November 1983) is a Finnish politician and minister. On 5 September 2020, she was elected as the leader of the Finnish Centre Party. Early life and education Saarikko was born in Oripää, Finland. She has a .... List of deputy prime ministers of Finland References {{Reflist Politics of Finland . * fi:Suomen pääministeri#Pääministerin sijainen ...
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European Stability Mechanism
The European Stability Mechanism (ESM) is an intergovernmental organization located in Luxembourg City, which operates under public international law for all eurozone member states having ratified a special ESM intergovernmental treaty. It was established on 27 September 2012 as a permanent firewall for the eurozone, to safeguard and provide instant access to financial assistance programmes for member states of the eurozone in financial difficulty, with a maximum lending capacity of €500 billion. It has replaced two earlier temporary EU funding programmes: the European Financial Stability Facility (EFSF) and the European Financial Stabilisation Mechanism (EFSM). Overview The Treaty Establishing the European Stability Mechanism stipulated that the organization would be established if member states representing 90% of its capital requirements ratified the founding treaty. This threshold was surpassed with Germany's completion of the ratification process on 27 September 2012, ...
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European Bank For Reconstruction And Development
The European Bank for Reconstruction and Development (EBRD) is an international financial institution founded in 1991. As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies. Initially focused on the countries of the former Eastern Bloc it expanded to support development in more than 30 countries from Central Europe to Central Asia. Similar to other multilateral development banks, the EBRD has members from all over the world (North America, Africa, Asia and Australia, see below), with the biggest single shareholder being the United States, but only lends regionally in its countries of operations. Headquartered in London, the EBRD is owned by 71 countries and two European Union institutions, the newest shareholder being Algeria since October 2021. Despite its public sector shareholders, it invests in private enterprises, together with commercial partners. The EBRD is not to be confused with the European Investment Bank (EIB), ...
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Asian Infrastructure Investment Bank
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank that aims to improve economic and social outcomes in Asia. The bank currently has 105 members, including 14 prospective members from around the world. The breakdown of the 105 members by continents are as follows: 42 in Asia, 26 in Europe, 20 in Africa, 8 in Oceania, 8 in South America, and 1 in North America. The bank started operation after the agreement entered into force on 25 December 2015, after ratifications were received from 10 member states holding a total number of 50% of the initial subscriptions of the Authorized Capital Stock. The United Nations has addressed the launch of AIIB as having potential for "scaling up financing for sustainable development" and to improve the global economic governance. The starting capital of the bank was US Dollar, US$100 billion, equivalent to of the capital of the Asian Development Bank and about half that of the World Bank. The bank was pro ...
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European Investment Bank
The European Investment Bank (EIB) is the European Union's investment bank and is owned by the EU Member States. It is one of the largest supranational lenders in the world. The EIB finances and invests both through equity and debt solutions projects that achieve the policy aims of the European Union through loans, guarantees and technical assistance. The EIB focuses on the areas of climate, environment, small and medium sized enterprises (SMEs), development, cohesion and infrastructure. It has played a large role in providing finance during crises including the 2008 financial crash and the COVID-19 pandemic. Since its inception in 1958 the EIB has invested over one trillion euros. It primarily funds projects that "cannot be entirely financed by the various means available in the individual Member States". The EIB is one of the biggest financiers of Sustainable finance, green finance in the world. In 2007, the EIB became the first institution in the world to issue Green bond, ...
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Marin Cabinet
The Marin Cabinet is the incumbent 76th government of Finland. It was formed following the collapse of the Rinne Cabinet and officially took office on 10 December 2019. The cabinet headed by Sanna Marin consists of a coalition formed by the Social Democratic Party, the Centre Party, the Green League, the Left Alliance, and the Swedish People's Party. Ministers There are a total of 19 ministers in Marin's cabinet: seven ministers from the Social Democratic Party, five from the Centre Party, three from the Green League, and two each from the Left Alliance and Swedish People's Party. The composition mostly resembles that of the preceding Rinne Cabinet, although the former prime minister, Antti Rinne, does not have a position in the new government. The leader of the Centre Party, Katri Kulmuni, exchanged her Rinne-era portfolio as the Minister of Economic Affairs for the combined position of the Minister of Finance and the Minister deputising for the Prime Minister, switching ...
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Presidency Of The Council Of The European Union
The presidency of the Council of the European Union is responsible for the functioning of the Council of the European Union, which is the co-legislator of the EU legislature alongside the European Parliament. It rotates among the member states of the EU every six months. The presidency is not an individual, but rather the position is held by a national government. It is sometimes incorrectly referred to as the "president of the European Union". The presidency's function is to chair meetings of the council, determine its agendas, set a work programme and facilitate dialogue both at Council meetings and with other EU institutions. The presidency is currently, as of July 2022, held by the Czech Republic. Three successive presidencies are known as ''presidency trios''. The current trio (2022–2023) is made up of France (January–June 2022), Czech Republic (July–December 2022) and Sweden (January–July 2023). The German presidency began the second cycle of presidencies, after ...
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Economic And Financial Affairs Council
The Economic and Financial Affairs Council (ECOFIN) is one of the oldest configurations of the Council of the European Union and is composed of the economics and finance ministers of the 27 European Union member states, as well as Budget Ministers when budgetary issues are discussed. ECOFIN often works with the European Commissioner for Economic and Financial Affairs and the President of the European Central Bank. Tasks The Council covers a number of EU policy areas, such as economic policy coordination, economic surveillance, monitoring of Member States' budgetary policy and public finances, the euro (legal, practical and international aspects), financial markets and capital movements and economic relations with third countries. It also prepares and adopts every year, together with the European Parliament, the budget of the European Union which is about €145 bn. Decision making The council meets once a month and decides mainly by qualified majority, in consultation or cod ...
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2019 Finnish Parliamentary Election
Parliamentary elections were held in Finland on 14 April 2019. For the first time, no party received more than 20% of the vote. The Centre Party, which had been the largest party following the 2015 elections, dropped to fourth place, losing 18 seats and recording its lowest vote share since 1917. The Social Democratic Party saw the biggest gains, winning six more seats and narrowly becoming the largest party for the first time since 1999. The Green League and the Left Alliance also gained five and four seats respectively. The Finns Party and the National Coalition Party gained one seat each, with the Finns Party recovering the seats it had lost in the previous parliament when 21 of its MPs left to form Blue Reform, which failed to win a seat. The Swedish People's Party and the Christian Democrats retained all of their seats that they had won in the previous elections. The Åland Coalition retained their seat in Åland, whilst Harry Harkimo, a former National Coalition MP who found ...
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Nokia
Nokia Corporation (natively Nokia Oyj, referred to as Nokia) is a Finnish multinational corporation, multinational telecommunications industry, telecommunications, technology company, information technology, and consumer electronics corporation, established in 1865. Nokia's main headquarters are in Espoo, Finland, in the greater Helsinki Greater Helsinki, metropolitan area, but the company's actual roots are in the Tampere region of Pirkanmaa.HS: Nokian juuret ovat Tammerkosken rannalla
(in Finnish)
In 2020, Nokia employed approximately 92,000 people across over 100 countries, did business in more than 130 countries, and reported annual revenues of around €23 billion. Nokia is a public limited company listed on the Helsinki Stock Exchange and New York Stock Exchange.
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Neste
Neste Oyj (international name: Neste Corporation; former names Neste Oil Corporation and Fortum Oil and Gas Oy) is an oil refining and marketing company located in Espoo, Finland. It produces, refines and markets oil products, provides engineering services, and licenses production technologies. Neste has operations in 14 countries. Neste shares are listed on the NASDAQ OMX Helsinki Stock Exchange. As of 2022, the Prime Minister's Office of Finland is the largest shareholder in the company, owning 35.91% of shares. In 2021, Neste was the third largest company in Finland in terms of revenue. The name "Neste" means "liquid" in Finnish. History 1948–1997 (Neste) Neste was founded in 1948 as the State petrol company of Finland with the purpose to ensure the availability of refined fuels in Finland. The company's headquarters was established in Espoo. At the time, there was no oil industry or related expertise in Finland, and the company had to start operations fr ...
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Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by the German-born Paul Reuter. It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the media division of Thomson Reuters. History 19th century Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange. Headquartered in London, Reuter' ...
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