Ministers Valtonen and Mykkänen to attend World Economic Forum meeting in Davos
The 54th Annual Meeting of the World Economic Forum (WEF) will take place in Davos, Switzerland, on 15–19 January. Finland will be represented at the meeting by Minister for Foreign Affairs Elina Valtonen and Minister of Climate and the Environment Kai Mykkänen.
Finland to increase financial requirement for Schengen visas to EUR 50 per day of stay and introduce proof of sponsorship form concerning visa applicants
As of 1 January 2024, Finland will increase travellers' daily financial requirement to EUR 50 per day of stay. Finland will simultaneously introduce a proof of sponsorship and/or accommodation form, which will allow visa applicants to finance their visit using the funds of the inviting party.
Changes to Business Partnership Support encourage companies operating in developing countries to develop their business through piloting
Finnpartnership supports commercial business activities that create positive development outcomes in developing countries. From the beginning of 2024, piloting in the target countries will be allowed for companies with established operations in these countries. The percentage of support concerning the least developed and fragile countries will fall, whereas that for SMEs in lower-middle-income countries will rise.
Finland to provide humanitarian aid to crisis areas
Finland will provide EUR 17.3 million in humanitarian aid to Sudan, Ukraine, Burkina Faso and Lebanon through the UN Refugee Agency (UNHCR), the UN Office for the Coordination of Humanitarian Affairs (OCHA) and the International Committee of the Red Cross.
Private sector investments to be increased in forthcoming funding period of International Fund for Agricultural Development (IFAD)
IFAD aims to reduce rural poverty and increase food security in the poorest countries in the world. The need for IFAD’s efforts is even more acute following Russia’s invasion of Ukraine. Finland and the other IFAD Member States announced additional contributions to the Fund in Paris last week.
Financing solutions, advice and support - Finland’s national plan supports Ukraine by improving the operating conditions of Finnish companies in the reconstruction of Ukraine
Finland's national plan for the reconstruction of Ukraine will improve the prerequisites for the business operations of Finnish companies in Ukraine. A reconstruction plan based on the Government Programme was published on 21 December 2023.
New act on EU Emergency Travel Document
On 21 December, the President of the Republic approved the bill on the European Union Emergency Travel Document (EU ETD) and the related amendments to other legislation. The acts will enter into force on 8 December 2025 when uniform provisions become simultaneously applicable in all EU Member States. The current provisions will apply until the entry into force of the acts.
Kirsi Henriksson appointed Deputy Managing Director of Civilian Planning and Conduct Capability (CPCC) of European External Action Service
The High Representative of the European Union, Josep Borrell, has appointed Kirsi Henriksson as Deputy Managing Director of the European External Action Service's Civilian Planning and Conduct Capability (CPCC).
Finland’s development cooperation has helped developing countries to increase their tax revenue
A new evaluation commissioned by the Ministry for Foreign Affairs shows that Finland’s support has strengthened tax administrations and expanded tax bases of developing countries. This has increased the countries’ national public funding, which reduces their dependence on external aid.
12th package of sanctions tightens foreign trade restrictions and introduces new measures to combat sanctions circumvention
The EU’s new restrictive measures against Russia include a ban on the import of diamonds, a tighter oil price cap and a broader scope of prohibitions on imports, exports and transit of goods. A new measure will require Russian-owned companies operating in the EU to provide notification of transfers of funds. Sanctions on individuals will be targeted at persons organising illegal elections in the territories of Ukraine, entities supporting the Russian military, and an EU citizen who has circumvented the sanctions in Finland.
Foreign Minister Valtonen to visit Washington D.C.
Finland’s Minister for Foreign Affairs Elina Valtonen will visit Washington D.C. on 18 December. She will meet U.S. Secretary of State Antony Blinken. A Defence Cooperation Agreement (DCA) between Finland and the United States will be signed during the visit.