The Finnish economy is gradually recovering but is overshadowed by the crisis in the Middle East, higher energy prices and an uncertain economic outlook. Economic growth is boosting general government revenues, but the deficit remains wide according to the Ministry of Finance's economic forecast published on 16 June.

Finland believes it has achieved further milestones in its Recovery and Resilience Plan (RRP). The Ministry of Finance filed the fifth payment request under the RRP with the European Commission on Tuesday 2 June.

The ProcurFinland Programme has published a guide to help contracting entities identify and prevent sanctions evasion and circumvention. The guide provides practical advice on taking sanctions into account at different stages of the procurement process. It lists warning signs that contracting entities can use to assess the risk of sanctions evasion and circumvention.

Finland’s Prime Minister Petteri Orpo will open the Ministerial Council Meeting of the Organisation for Economic Co-operation and Development (OECD) in Paris on 3 June. Finland will chair the meeting for the first time in more than 40 years. Several ministers from Finland will attend the meeting. In Paris, Prime Minister Orpo will also have a bilateral meeting with the French President Emmanuel Macron.

Finland’s overall money laundering risk is significant, and the risk of terrorist financing is moderately significant according to national authorities and other key actors responsible for anti-money laundering and countering the financing of terrorism.