The Ministry of Economic Affairs and Employment is a key public body in the Finnish government responsible for shaping economic, employment, and innovation policies. It focuses on creating conditions for sustainable economic growth and job opportunities in various sectors including industry and energy.
The ministry's main activities involve developing industrial strategies, supporting research and development, and providing financial incentives for projects that align with national sustainability goals. It operates in the bioeconomy and chemical sectors by offering investment aids for technologies such as carbon dioxide capture in wood processing.
Located in Helsinki, Finland, the ministry functions as part of the state administration and is funded through government budgets. It collaborates with businesses, research institutions, and other authorities to implement policies that enhance the competitiveness of Finnish industries on a global scale.
In the chemical industry, the Ministry of Economic Affairs and Employment acts as a facilitator rather than a commercial entity, influencing the sector through regulatory measures and funding programs aimed at environmental and economic objectives.
Additionally, it manages labor market policies and promotes exports in technology-intensive fields relevant to chemicals and materials.
Also known as TEM.
None yet. When a new project in the record names Ministry of Economic Affairs and Employment as owner, partner or investor, it shows here.
Cost-savings programme delivered substantial profit improvement early in Q4; sales and operating results declined year-on-year; investments in fibre packaging and a CO2 capture project announced.
