restaurant and tourism industry was forgotten in the  2021 budget (Finland)

Ekaterina Konstantinovna

rate cuts would lead to a VAT reduction on restaurant

food and alcohol to 10% for the next year.
The Finnish Hospitality Association MaRa think, that government forgot about restaurant and tourism industry.
Restrictions on travel and assembly have a very negative effect on this sector. Companies and their employees are in difficult situation. MaRa think government have not taken these factors into account in any way in its budget decisions.
Finland’s tourism and restaurant industry currently employs 142,000 people.

What have happened?

have lost their jobs of have had less salary. Large

quantity of sick required places in hospitals, doctors, medicines and service. A part of budget was used for development of medicine and pharmacology. Now government still need to support residents of the country and business companies, and also find a way to restore budget. This is why they can not give a lot of money for restoring some sectors of business like tourism and restaurants, which are not so important for country as medicine, transport, energy supply and others.

Why it have happened?

work for a scanty salary. As a result - increase

in the number of unemployed and decline of the quality of life.
Destruction of tourism industry, which was built for years. It can worsen relationships with other countries, for example, with Russia.
Hit for the restaurant and bar industry.
After all government will need to find money to restore this sector of business and to pay off unemployment benefits. To do this, government will able to raise taxes for people, for others sectors of business or for some kinds of products, for example, cigarettes and alcohol.

What will be the result?

and labor market association in the hospitality industry in Finland.

It represents a wide range of companies in the hospitality sector: hotels, restaurants, amusement parks, tourism businesses, congress organizers, and wellness service providers, to mention a few.

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