Finland

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Global debt hits record $253 trillion

The global debt-to-GDP ratio hit a new all-time high of over 322 percent in the third quarter of 2019, with total debt reaching close to a record $253 trillion, the Institute of International Finance (IIF) has said.

Total debt across the household, government, financial and non-financial corporate sectors surged by some $9 trillion in the first three quarters of last year.

The Prime Minister of Finland Proposes the Introduction of a 4-Day Working Week

Finland's new Prime Minister Sanna Marin plans to introduce a four-day work week with 6-hour business days.

According to her, a flexible schedule will allow workers to spend more time with their families. Marin believes this would also increase labor productivity.

The proposal was welcomed by Education Minister Li Andersson, the Daily Mail reported.

6 Interesting Facts about Lapland

Lapland is a province and region in Finland with a population of nearly 190 thousand people and an area of ​​nearly 100 square kilometers. It borders Sweden, Norway, Russia and the Gulf of Bothnia, and its capital is Rovaniemi. 7 of Finland's 35 national parks are located in this province and there is also a place where you can see the extraordinary northern lights.

PM Orban: Within EPP Congress, we endorse Tusk's candidacy as President and MEP Muresan as Vice-President

Chairman of the National Liberal Party (PNL) and Prime Minister Ludovic Orban has stated on Monday that the Liberals endorse, within the European People's Party (EPP) Congress, Donald Tusk as President and Siegfired Muresan as Vice -President. "We endorse a candidate to the EPP Vice-President office, namely Siegfried Muresan, we endorse the candidacy of Donald Tusk as EPP President.

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