The Ministry of Employment and the Economy has so far received investment aid applications or advance notifications for five projects for the construction of liquefied natural gas (LNG) terminals. The Government has set aside a total of 123 million euros for investment aid for LNG terminals.
Minister of Economic Affairs Jan Vapaavuori says that the interim report published by Talvivaara mining company today shows that the company's financial situation is extremely difficult. In Talvivaara's own estimates, the company's liquidity position has weakened more than anticipated.
The system of granting government aid to small and medium-sized companies will be made more effective. The objective of the new act is to channel an increasing amount of aid to the renewal of business activities and to improve the competitiveness of businesses.