The Finnish Government is preparing the fourth round of applications for business cost support, a vital measure for businesses in the commerce sector due to the prolonged COVID-19 pandemic and related restrictions. The Finnish Commerce Federation finds the proposed criteria for the support excessively strict as they exclude a large share of businesses in the commerce sector. The restricted and slow start to the summer’s tourism and festivity season contributes to the financial challenges of entrepreneurs, making it necessary to review the criteria for the support.
Month: May 2021
The festive season in the summer is approaching, but it is still unclear whether Finns will be allowed to arrange festivities, and for companies to invest in the high season. The Finnish Commerce Federation and the Federation of Finnish Enterprises require that the authorities swiftly review the restrictions and recommendations on gatherings and communicate their decisions as the epidemiological situation is easing up. As the pandemic is prolonged, a successful festive season can be crucial for specialty goods trade and companies in the service sector in terms of the continuity of their operations.
The value commerce has added to the economy has grown faster than the entire national economy on average. This means that commerce has become an increasingly significant creator of well-being in Finland. Municipalities should pay careful attention to what companies have to say and build functioning cooperation to promote regional vitality.