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Finland
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Thursday, October 22, 2026
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The Finns Party has presented its vision for the next parliamentary term: a €9 billion austerity package that suggests some institutions are more essential than others. The junior coalition partner proposes closing the National Agency for Education and the Ministry of the Environment, while introducing a tax on banks and data centers to raise a further billion. The list also includes abolishing refugee quotas and taxing plastic bags.
A global cybersecurity vulnerability has left several official portals and services offline, with warnings that repairs could take weeks. While his government’s partners digest the proposed cuts, Prime Minister Petteri Orpo is in Kyiv. Traveling by train, he spoke of a 'dangerous idea' emerging from the United States regarding the conflict, though he remains focused on a more immediate demonstration of support for Ukraine.
The domestic economy is showing a distinct split. Nokia reported a 35% rise in operating profit as the AI boom fills its order books, yet the defense sector is struggling to fill 16,000 potential jobs because security clearances take too long to process. Elsewhere, researchers warn that a new law opening the online gambling market lacks the restrictions necessary to prevent a rise in youth debt.
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The Finns Party, a member of the current governing coalition, has unveiled a detailed austerity plan for the next parliamentary term, aiming for approximately 9 billion euros in savings. Key proposals include abolishing refugee quotas, closing the Finnish National Agency for Education, and making cuts to public broadcasting. The party also suggests implementing new taxes, specifically targeting banks and data centers to generate an estimated one billion euros, and introducing a plastic bag…
Yle:
Finns Party's 9 Billion Euro Austerity List for Next Term
The Finns Party, the second-largest governing party, presented its proposed austerity measures for the next parliamentary term on Thursday, amounting to 9 billion euros.
MTV Uutiset:
Live: Finns Party's Austerity List Includes About 8 Billion Euros in Direct…
A live broadcast details the Finns Party's proposed austerity measures, which include approximately 8 billion euros in direct spending cuts.
Svenska Yle:
Finns Party wants to abolish refugee quotas and tax data centers more
The Finns Party outlines its proposals for savings during the next parliamentary term, including abolishing refugee quotas, closing the Finnish National Agency for Education, and increasing taxes on data centers.
Iltalehti:
PS party's billion-euro tax hammer: Would strike banks and data centers
The Finns Party (PS) is proposing a significant tax increase, projected to generate one billion euros, which would target banks and data centers.
Ilta-Sanomat:
Perussuomalaiset Propose Budget Cuts
A live broadcast details the Finnish political party Perussuomalaiset's savings proposals, including the potential closure of the Ministry of the Environment and the Finnish National Agency for Education, along with cuts to public broadcasting.
Helsingin Sanomat:
Finns Party proposes plastic bag tax, citizenship-based social security
The Finns Party is proposing a plastic bag tax and stricter immigration policies as key cost-saving measures, with savings reportedly targeting "snack bags and octopus."
Iltalehti:
Perussuomalaiset (Finns Party) proposes major cuts: Sitra and Opetushallitus…
The Finns Party is advocating for substantial budget cuts, including the potential dissolution of Sitra and the Finnish National Agency for Education, with implications for pension policies.
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Numerous websites across the country remain offline due to a severe cybersecurity threat, with experts indicating that repairs could take several weeks. The outage is linked to vulnerabilities in a commonly used programming language, causing widespread disruption to online services.
Helsingin Sanomat:
Websites still down due to cyber threat, repairs may take weeks
Numerous websites remain offline due to a cybersecurity threat, with repairs potentially taking weeks. This outage has affected various online services, including official portals.
Helsingin Sanomat:
Most websites use programming language with vulnerabilities
A severe cybersecurity threat caused widespread outages in web services across the globe on Wednesday, stemming from vulnerabilities in a commonly used programming language.
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Prime Minister Petteri Orpo is currently in Kyiv, affirming support for Ukraine. During his visit, he discussed a "dangerous idea" reportedly originating from the United States, highlighting ongoing international concerns.
MTV Uutiset:
Petteri Orpo in Kyiv Train Discusses 'Dangerous Idea' Heard from the US
Prime Minister Petteri Orpo, speaking from a train in Kyiv, discusses a 'dangerous idea' that has reportedly emerged from the United States.
Helsingin Sanomat:
PM Orpo visits Kyiv to show support for Ukraine
Prime Minister Orpo is visiting Kyiv with the intention of demonstrating support for Ukraine.
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New information has surfaced regarding a shooting incident in Kiiminki, where authorities later apprehended a suspect.
Ilta-Sanomat:
New Information on Kiiminki Shooting
New details have emerged regarding the shooting incident in Kiiminki, where the suspect was later apprehended.
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A researcher from THL has warned about the risk of increased youth debt when online gambling markets open next year, noting that a new law lacks a crucial restriction to protect young people.
Aamulehti:
Youth risk losing savings on online casinos – new law lacks key restriction
A researcher from THL warns about youth debt as online gambling markets open next year, with a new law missing an important restriction.
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Sisu Auto, a company experiencing significant growth in Karis, is struggling to find enough qualified workers. The demand for labor is high, but vocational training programs are reportedly not keeping pace with the industry's needs.
Svenska Yle:
Large demand for labor at Sisu in Karis: "Vocational training is not keeping up"
Sisu Auto is experiencing significant growth and a high demand for labor in Karis, but struggles to find enough qualified workers as vocational training programs are perceived as not meeting the industry's needs.
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Telecommunications network technology company Nokia announced stronger-than-expected earnings for the third quarter, with revenue up 9% and comparable operating profit rising 35%, largely driven by increased demand for AI and cloud services. The company's operating profit of 605 million euros significantly surpassed expectations.
Yle:
Nokia's Earnings Grow Strongly: AI Boom Visible in Order Book
Telecommunications network technology company Nokia reported stronger-than-expected earnings for the third quarter, with revenue up 9% and comparable operating profit rising 35%, driven by increased demand for AI and cloud services.
Helsingin Sanomat:
Nokia's profit exceeded expectations
Nokia's operating profit significantly surpassed expectations, reaching 605 million euros, which was over 150 million euros better than anticipated.
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New financial information has come to light regarding the Jokerit ice hockey team, indicating substantial losses for the organization.
Ilta-Sanomat:
Jokerit's Financial Woes Revealed
Significant financial information about the Jokerit ice hockey team has been released, indicating substantial losses.
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While the defense sector has the potential to create up to 16,000 new jobs, recruitment is significantly slowed by lengthy security clearance processes, creating bottlenecks in hiring.
Helsingin Sanomat:
Defense sector jobs abundant, but hiring faces bottlenecks
The growth of the defense sector could create 16,000 jobs in Finland, but lengthy security clearance processes are significantly slowing down recruitment.
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Daily news summaries from Finland
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