Minister of Foreign Affairs Timo Soini, Prime Minister Juha Sipilä and Minister of Finance Alexander Stubb on May 20, 2015. File…

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Minister of Foreign Affairs Timo Soini, Prime Minister Juha Sipilä and Minister of Finance Alexander Stubb on May 20, 2015. File photo. Image: Roni Rekomaa / Lehtikuva The personal financial data of parliamentary ministers was released on Thursday, revealing a wide variety of investments, assets and the amount of debt they may have. Prime Minister Juha Sipilä’s financial report contained few specifics. Instead, Sipilä wrote that he has “significant” investments in mutual funds and other investment instruments. Sipilä also declared ownership of “several” buildings and 180 hectares of forest.

Minister of Transport and Communications Anne Berner declared that she owns 60.5 percent of the family company Vallila


Interior. Berner also has significant investment – some 24,000 stock shares – in the communications company Soprano. She also declared owning some shares in Stockmann, shares in unlisted firms and several investment properties. Interior Minister Petteri Orpo has shares in 10 listed companies and two investment funds, with a current value of around 36,000 euros. His biggest investments are in the Finnish paper corporation UPM. He also reported owning shares in the mining firm Talvivaara. Minister of Agriculture and the Environment Kimmo Tiilikainen declared ownership of shares in seven trading companies, totaling around 10,000 euros. His biggest investments are in the Finnish steel conglomerate Outokumpu and its spinoff company Outotec. Tiilikainen also owns 20 hectares of land and interests in two forest properties. Smaller portfolios Minister of Foreign Affairs Timo Soini declared small blocks of shares in telecommunications firm Elisa, the industrial machinery company Metso, Outokumpu and manufacturing company Wärtsilä.

Soini’s portfolio is currently worth about 3,500 euros. Minister of Family Affairs and Social Services Juha Rehula owns 20 shares in industrial investment firm Neo Industrial valued at 30 euros, and two shares in PHP Holding, a telecommunications company owned by DNA Ltd. Minister of Economic Affairs Olli Rehn has about 6,500 euros invested in shares of the listed company Exel. Rehn also has 26,600 euros in an investment fund. Minister of Finance Alexander Stubb declared that he has a pension fund and that he is also a part owner of family business European Sport Service. Minister for European Affairs and Foreign Trade Lenita Toivakka owns a two percent share of family company CM-Toivakka. Five ministers declared that they do not have any investments at all: Minister of Transport Anu Vehviläinen, Minister of Education and Culture Sanni Grahn-Laasonen, Minister of Defence Jussi Niinistö, Minister of Justice and Employment Jari Lindström, and Minister of Social Affairs and Health Hanna Mäntylä. Sizeable loans Carrying the largest loans among the ministers is Anne Berner, who has three loans amounting to nearly 800,000 euros; two in investment properties and a third for a holiday home. Together with his wife, Alexander Stubb shares a 680,000 euro mortgage loan.

Sanni Grahn-Laasonen and her husband owe some 590,000 on two loans. Olli Rehn has a 405,000 euro loan on the books for a home and piece of property. Several of the other ministers also have smaller loans. Sources Yle Read also Headlines News 20:21 Thousands protest education cuts in Helsinki Roughly 2,000 demonstrators gathered in downtown Helsinki to protest planned cuts to education spending by the government. A similar show of opposition took place in the capital less than one week ago. News 19:02 Salary deal breakdown: 4 euros more monthly for middle income earners A salary deal brokered between workers’ and employers’ representatives last night will hardly boost domestic consumption by workers flush with extra cash. The Taxpayers’ Association of Finland picked apart the numbers and found that middle and lower-income workers would net only an extra four to eight euros a month in 2016.

News 17:37 Finland discusses temporary travel ban waiver for Duma Speaker Prime Minister Juha Sipilä and Foreign Minister Timo Soini have confirmed that Finland is in negotiations with the EU to temporarily lift a travel ban imposed on the Speaker of the Russian Duma or lower house of parliament. Speaker Sergei Naryshkin has been invited to attend an OSCE meeting in Helsinki in July, but is unable to participate because of EU sanctions against certain high-ranking Russian officials. News 16:02 Finavia planning 900m euro Helsinki Airport expansion The state owned aviation infrastructure company Finavia has announced ambitious plans to expand Helsinki Airport. News 15:50 Turku shipyard celebrates Carnival cruise ship order The multinational cruise operator Carnival Corporation has placed an order for two cruise liners to be built at the Meyer Werft shipyard in Turku. The order will guarantee work for shipyard workers and subcontractors up to the year 2020. Our picks News 10.6. 2:02 Watch: Chinese grandfather’s deportation from Finland hangs in balance News 6.6. Turku’s medieval summer – golden ticket to new tourist markets? News 25.5. Video Over 2,500 queue for free food – charity workers concerned about possible cuts News 14.5. 02:05 Rare exports: Two years on, Finnish troupe’s refugee camp circus runs itself News 27.4. 2:00 Game-based learning tames troubled students in eastern Helsinki school News 27.2. 1:58 Watch: PKN bringing punk, hope to New Music Competition finals


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