Legislation

Alko's operations are guided by specific legislation and ownership policy objectives set by the State. Alko Inc is one of the State's special assignment companies, 'which have been assigned a certain task by the State or which do not operate in a competitive environment due to an exemption granted to them'. The main acts and regulations applicable to Alko's operations are as follows:

• Alcohol Act (1102/2017)

• Government Decree on Implementation of the Alcohol Act (151/2018)

• Decree of the Ministry of Social Affairs and Health on Enforcement of the Alcohol Act (158/2018)

• Decree on Alcoholic Beverages and Spirits (1344/1994)

• Act on Excise Duty (182/2010)

• Act on Excise Duty on Alcohol and Alcoholic Beverages (1471/1994)

• Act on Excise Duty on Certain Beverage Containers (1037/2004)

• Companies Act (624/2006)

The purpose of the Alcohol Act is to reduce the consumption of alcoholic substances by controlling and supervising alcohol-related trade and commerce in order to prevent the detrimental effects incurred by alcohol users, other people and society as a whole.

Due to its special mandate, the Ministry of Social Affairs and Health is responsible for the ownership steering and supervision of Alko. The Ministry of Social Affairs and Health adheres to the Ownership Steering Act (1368/2007) and cooperates with the Ownership Steering Department of the Prime Minister's Office.