SK: Competition authority asks electricity firms to explain price hikes | News

The authority indicated that the prices of one of the companies rose by about 500 percent, according to the weekly magazine Suomen Kuvalehti. The Finnish Consumer and Competition Authority can take cases to the Market Court to threaten companies with fines. Photo: Alain Pitton / NurPhoto / Shutterstock / All Over Press The Finnish Consumer and Competition Authority (KKV) is investigating the rise in electricity companies’ prices and the reasonableness of price levels, according to a report by the weekly news magazine Suomen Kuvalehti. KKV, which has received many complaints…

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Finland grants license for psychedelic drug therapy study | News

A Canadian drug company is recruiting 50 people in Finland with alcoholism. Scientists want to know if narcotic drug treatment can reduce binge drinking. Photo: Lauri Rautavuori / Yle The Finnish Medicines Agency (Fimea) has given Clairvoyant Therapeutics, a Canadian pharmaceutical company, permission to study the effects of psychedelic drug therapies for the treatment of alcoholism. Fimea’s approval marks the first time trials of a psychedelic drug have been conducted in Finland. The clinical trial will examine psilocybin, a compound found in psychedelic mushrooms, for the treatment of alcohol use…

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Food inflation sets record in October | News

The sharp increase in food prices in October is unlikely to outpace November or December, according to the Natural Resources Institute. Inflation is expected to continue in the coming months, but at a relatively slower pace. Photo: Ismo Pekkarinen / AOP Food prices rose last month at the fastest rate since Finland joined the European Union in 1995. According to Statistics Finland, food prices rose 15.7 percent year-on-year in October. In September, food prices rose 14.5 percent, after rising 12.5 percent in August. The prices of flour, eggs, coffee and…

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Finnish officials express condolences over Istanbul bombing | News

The Turkish government blamed Kurdish militants for an explosion that killed six people on Istanbul’s main shopping street on Sunday. Presidents Niinisto and Erdogan met in New York last fall (file photo). Photo: TTUR Presidency / Murat Cetinmoherdar / Anadolu Agency Finnish leaders expressed their condolences over the bloody bombing that took place in the center of Istanbul after the president Sully Niinistö Call his Turkish counterpart, Recep Tayyip Erdoganon Sunday evening. “President Niinisto expressed his condolences to President Erdogan for the loss of life in the horrific explosion in…

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Monday’s papers: Climbing inflation, money mules and a diabetes drug frenzy | News

Prices continue to rise in Finland, according to new inflation data released on Monday. Photo: Henrietta Hassinen / Yle Inflation reached 8.3 percent in Finland last month, reports Helsingin Sanomat (Seret Twisin with phyllon)Citing new figures from Statistics Finland. The October inflation level is slightly higher than in September, when it was 8.1 percent. The agency said increases in electricity and gasoline prices and average interest rates led to higher inflation in October compared to a year earlier. Would you like to have a summary of the week’s top news…

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App user bases grow for electricity companies | News

The growth coincides with rising electricity prices and a European energy crisis in the wake of the Russian invasion of Ukraine. Electricity companies report an increased use of their customers’ mobile apps to monitor prices and consumption. Photo: Ismo Pekkarinen / AOP The number of people using mobile applications to track electricity prices has increased over the past year. For example, the number of users of network operator Fingrid’s hourly rate app has more than tripled since the beginning of the fall, the company told STT. Energy company Helen also…

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Government convenes emergency session over Sámi parliament act | News

According to Yle government sources, the situation is still deadlocked. Prime Minister Sanna Marin (SDP), left, and Annika Saariko (center), center, are divided over the proposed Sami Parliament Act. Photo: Miko Steg / Letikova Parties in the ruling coalition are scheduled to meet on Sunday night to discuss the pending Sami Parliament Act. The bill was initially scheduled to be submitted to parliament on Thursday after a cabinet meeting, but was held up by the Center Party’s concerns about the contents of the legislation. In the session, the center demanded…

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Helsinki streets flood due to pipe bursts | News

Police do not suspect vandalism or vandalism is behind the damage. The Helsinki Rescue Department responded to calls for flooding in various parts of the city on Sunday morning. Pumping work is underway between Alexis Kevin Kato and Satamaradankato. Photo: Aimee Korhonen / Letikova The Helsinki Rescue Department received several alerts regarding flooding and damage in different parts of the city on Sunday morning. In Kallio, the streets were flooded and the ground collapsed due to the explosion of a pipe between Satamaradankato and Alexis Kevin Kato, near Dalapenpuisto. At…

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Gusty winds knock out power to thousands of households | News

The Finnish Meteorological Institute warned of very dangerous winds until midnight in several eastern regions Large trees fell on cars in a parking lot in Kajaani, northwest Finland, on Saturday. Photo: Timo Sihvonen / Yle Strong winds caused trees to fall in many parts of Finland on Saturday, causing power outages and damage to buildings and vehicles. No serious injuries were reported until early this evening. More than 14,000 homes were without power in the late afternoon, mostly in central and eastern regions, as well as in Evijärvi, western Finland.…

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