Demokraatti.fi demokraatti.fi - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from demokraatti.fi Daily Mail and Mail on Sunday newspapers.
The interest on the loans will be 10 per cent for the first six months and 12 per cent for the rest of the repayment period. With the strict terms, the government is sending a message that the emergency funding is a last-resort option for major energy companies, said Minister of Finance Annika Saarikko (Centre).
Finnish government proposed on Sunday to provide the country’s electricity companies with loans and guarantees of up to 10 billion euros ($10 billion) to secure the sufficiency of their cash resources.
Prime Minister Sanna Marin (SDP) on Sunday said the emergency funding would be available as a last-resort option to companies whose operations are critical to the functioning of society.