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Brace for impact

In public procurement, we are accustomed to the gradual development of legislation and procurement practices. In recent decades, the legislative jungle has changed slowly and in baby steps. Our current 2017 Act on Public Contracts is just an improved version of the 2007 Act. Many things changed only slightly and there was no need for..
Brace for impact

Can event guarantee be applied for with a paper application?

Yes. An application form for the event guarantee can be obtained as a return message from the email address The reply message contains an application form in Finnish, Swedish and English. The application can be sent to the State Treasury either by email or by letter.

How large is the compensation?

The amount of compensation for the event guarantee depends on the actual and pre-announced reasonable expenses of the event. If the event has to be cancelled due to a decision by the authorities or the law, 85 per cent of the pre-announced actual expenses will be reimbursed. From the actual expenses reported by the subcontractor,..

How is established and professional event organizer defined?

An established, professional event organizer is expected to have a VAT turnover of more than 150,000 euros in 2019. In addition, the company must employ at least one person-year of labour in event activities. A person-year means the amount of work that corresponds to one person’s full-time workload per year. A person-year can also consist..

Which events are covered by the guarantee?

Event guarantee covers public events for more than 200 people, which will be held between 1 June and 7 December 2021, which are not year-round in nature and whose event organizer meets the criteria for a professional event organizer.

Quarterly local government finances published for the first time on the service

The responsibility for collecting the quarterly financial data of municipalities and joint municipal authorities was transferred from Statistics Finland to the State Treasury at the start of 2021. The first actual data on quarterly reported local government finances are now available on the State Treasury’s service. The State Treasury’s service will be expanded..
Quarterly local government finances published for the first time on the service

Who can apply for event guarantee?

The event guarantee applies to events of at least 200 participants which is open to public, and which will take place between 1 June and 7 December 2021. The guarantee can be applied for by an established, professional organizer of events. The event organizer must have a Business ID, a permanent organization, and a turnover..

What is event guarantee?

The aim of the event guarantee is to reduce the financial risk of organizing events. An event guarantee is a pre-agreed commitment given to the event organizer for the expenses that have been reported. If the event is cancelled or limited by law or authority, compensation will be paid for the actual expenses incurred. Event..

Part of the cost support applications to be reprocessed

The State Treasury has detected a technical error in the salary data used in the processing of cost support, as a result of which some cost support applications will be processed again. We apologize for the inconvenience caused.   The error relates to salary data, which should not include holiday pay. However, due to a..
Part of the cost support applications to be reprocessed

Information about the website

The website is the central information channel of the State Treasury. The website serves our customers, including the central government, citizens, the municipal sector, communities and companies. This site is informative in nature. You can give feedback on the website using the feedback form at the bottom of each page or directly to the..

Statistics: Closure compensation

The previous day’s information is updated in the report below every weekday. The report indicates the date of the last update. The report provides information on the number of applications, the processing situation and the decisions made. More information on the statistics can be found behind the (…) button at top right corner. You can also..

If you own a property or business premises, do you receive reimbursement for expenses? e.g. real estate tax, interest on the loan, housing company consideration, etc.

The provision of the closing compensation is affected by other inflexible costs of the closing compensation reference period (i.e. February 2021). They include rental and other expenses for assets used in business operations, permits, membership and insurance fees necessary for the conduct of business, and long-term contracts, equipment and property rentals, concessions and licence fees,..