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Technology Industry / Finnish Economic Outlook December 2020
Technology Industry / Finnish Economic Outlook December 2020 Jukka Palokangas Principal Economist [email protected] 12/28/2020 Technology Industries 1 of Finland The Finnish Technology Industry Is Comprised of Five Sub-Sectors ELEKTRONICS AND ELECTROTECHNICAL METALS INDUSTRY MECHANICAL ENGINEERING INDUSTRY Boliden, Componenta, Kuusakoski, Abloy, Cargotec, Finn-Power, Fiskars, ABB, Ensto, Microsoft Mobile, Luvata, Outokumpu, Outotec, Glaston, Kone, Konecranes, Metso, Murata Electronics, Nokia, Planmeca, Ovako, Sacotec, SSAB … Meyer Turku, Normet, Oras, Patria, Polar Electro, Suunto, Vacon, Vaisala… Pemamek, Ponsse, Stala, Valmet, Valtra, Wärtsilä… INFORMATION TECHNOLOGY CONSULTING ENGINEERING Affecto, Basware, Bilot, CGI, Comptel, A-Insinöörit, Citec, Elomatic, Etteplan, FCG, Digia, Efecte, Enfo, F-Secure, Fujitsu Granlund, Neste Jacobs, Pöyry, Ramboll, Finland, IBM, Innofactor, Knowit, Rejlers, SITO, SWECO, WSP… Microsoft, Nixu, Tieto… 12/28/2020 Technology Industries 2 of Finland The Finnish Technology Industry Is Comprised of Five Sub-Sectors ELEKTRONICS AND ELECTROTECHNICAL METALS INDUSTRY MECHANICAL ENGINEERING INDUSTRY • Steel products, non-ferrous metals, • Machinery, metal products, vehicles • Data communications equipment, electrical castings, metallic minerals • Turnover (2019): 32.8 billion euros machinery, medical technology • Turnover (2019): 10.7 billion euros • Personnel (2019): 134,200 • Turnover (2019): 18.0 billion euros • Personnel (2019): 15,800 • Personnel (2019): 38,700 INFORMATION TECHNOLOGY CONSULTING ENGINEERING • IT services, applications and • Expertise for construction industry and programming infrastructure • Turnover (2019): 14.8 billion euros • Turnover (2019): 6.6 billion euros • Personnel (2019): 74,100 • Personnel (2019): 56,200 12/28/2020 Technology Industries 3 of Finland The Technology Industry – the Largest Export Sector in Finland • Some 50 % of total exports. • Some 310,000 employed directly in the sector, including indirect effects 650,000 people. -
2012 CCG Template
Doing Business in Finland: 2012 Country Commercial Guide for U.S. Companies INTERNATIONAL COPYRIGHT, U.S. & FOREIGN COMMERCIAL SERVICE AND U.S. DEPARTMENT OF STATE, 2012. ALL RIGHTS RESERVED OUTSIDE OF THE UNITED STATES. • Chapter 1: Doing Business In Finland • Chapter 2: Political and Economic Environment • Chapter 3: Selling U.S. Products and Services • Chapter 4: Leading Sectors for U.S. Export and Investment • Chapter 5: Trade Regulations, Customs and Standards • Chapter 6: Investment Climate • Chapter 7: Trade and Project Financing • Chapter 8: Business Travel • Chapter 9: Contacts, Market Research and Trade Events • Chapter 10: Guide to Our Services Return to table of contents Chapter 1: Doing Business In Finland • Market Overview • Market Challenges • Market Opportunities • Market Entry Strategy Market Overview Return to top Finland, a member of the European Union (EU) since 1995, has redefined itself from a quiet agricultural based economy to a trend setting, global center for technology. Finland has commercial clout far in excess of its modest 5.4 million population. Finland routinely ranks at the very top in international surveys of research and development funding, competitiveness, transparency, literacy, and education. Helsinki, is a pocket-sized green maritime metropolis, and the Design Capital for 2012; a yearlong event showcasing the global influence of Finnish design and innovation. In Finland, nature reigns supreme and it is no surprise that Helsinki was the site of the first LEED certified building in the Nordics. Finland, along with all its Nordic neighbors, has a focused interest in green build and energy efficient and intelligent building products, services and technologies. Contrary to popular misconception, Finland is not a part of Scandinavia. -
A Fugitive Success That Finland Is Quickly Becoming a Victim of Its Own Success
Professor Charles Sabel from Columbia Law School and Professor AnnaLee Saxenian from UC Berkeley argue in their book A Fugitive Success that Finland is quickly becoming a victim of its own success. In recent decades Finnish firms in the forest products and telecommunications industries have become world leaders. But the kind of discipline that made this success possible, and the public policies that furthered it, is unlikely to secure it in the future. Efficiency improvements and incremental A Fugitive Success innovations along the current business trajectory will gradually lead these industries into a dead-end unless they use innovation as a vehicle for transforming themselves into new higher value businesses. Saxenian and Sabel raise some serious concerns about the readiness of these industries, and the Finnish innovation system as a whole, for the needed transformation. A Fugitive Success is required reading for A Fugitive Success those involved in the development of the Finnish innovation environment and Finland’s Economic Future implementing the new national innovation strategy. Charles Sabel and AnnaLee Saxenian Sitra Reports 80 Sitra Reports the Finnish Innovation Fund ISBN 978-951-563-639-3 Itämerentori 2, P.O. Box 160, FI-00181 Helsinki, Finland, www.sitra.fi/en ISSN 1457-5728 80 Telephone +358 9 618 991, fax +358 9 645 072 URL: http://www.sitra.fi A Fugitive Success Finland’s Economic Future Sitra Reports 80 A Fugitive Success Finland’s Economic Future Charles Sabel AnnaLee Saxenian Sitra • HelSinki 3 Sitra Reports 80 Layout: Sisko Honkala Cover picture: Shutterstock © Sabel, Saxenian and Sitra ISBN 978-951-563-638-6 (paperback) ISSN 1457-571X (paperback) ISBN 978-951-563-639-3 (URL:http://www.sitra.fi) ISSN 1457-5728 (URL:http://www.sitra.fi) The publications can be ordered from Sitra, tel. -
Peer Review of the Finnish Shipbuilding Industry Peer Review of the Finnish Shipbuilding Industry
PEER REVIEW OF THE FINNISH SHIPBUILDING INDUSTRY PEER REVIEW OF THE FINNISH SHIPBUILDING INDUSTRY FOREWORD This report was prepared under the Council Working Party on Shipbuilding (WP6) peer review process. The opinions expressed and the arguments employed herein do not necessarily reflect the official views of OECD member countries. The report will be made available on the WP6 website: http://www.oecd.org/sti/shipbuilding. This document and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area. © OECD 2018; Cover photo: © Meyer Turku. You can copy, download or print OECD content for your own use, and you can include excerpts from OECD publications, databases and multimedia products in your own documents, presentations, blogs, websites and teaching materials, provided that suitable acknowledgment of OECD as source and copyright owner is given. All requests for commercial use and translation rights should be submitted to [email protected]. 2 PEER REVIEW OF THE FINNISH SHIPBUILDING INDUSTRY TABLE OF CONTENTS FOREWORD ................................................................................................................................................... 2 EXECUTIVE SUMMARY ............................................................................................................................. 4 PEER REVIEW OF THE FINNISH MARITIME INDUSTRY .................................................................... -
Finland Commercial Guide
Finland Table of Contents Doing Business in Finland ___________________________________________ 6 Market Overview ____________________________________________________ 6 Market Challenges __________________________________________________ 7 Market Opportunities ________________________________________________ 7 Market Entry Strategy _______________________________________________ 8 Political Environment _______________________________________________ 9 Political Environment _______________________________________________ 9 Selling US Products & Services _______________________________________ 9 Using an Agent to Sell US Products and Services _________________________ 9 Establishing an Office ______________________________________________ 10 Franchising _______________________________________________________ 10 Direct Marketing___________________________________________________ 10 Joint Ventures/Licensing ____________________________________________ 11 Selling to the Government ___________________________________________ 12 Distribution & Sales Channels________________________________________ 12 Express Delivery ___________________________________________________ 13 Selling Factors & Techniques ________________________________________ 14 eCommerce _______________________________________________________ 14 Overview ____________________________________________________________________ 14 Current Market Trends ________________________________________________________ 15 Domestic eCommerce (B2C) ____________________________________________________ -
Chapter 5 Finland
Chapter 5 Finland Content 1 A Market Definition in Competition and Media Law 3 I. Introduction to the Legal Framework 3 1. Legal Provisions 3 2. Authorities and Courts 4 II. The General Approach to Market Definition in Finnish Competition Law 5 1. Definition of the Relevant Product Market 5 a) Demand-Side Substitutability 6 b) Supply-side Substitutability 7 2. Definition of the Relevant Geographic Market 7 B Survey on Relevant Product and Geographic Markets in the Finnish Media Sector 8 I. Publishing 8 II. Music and Copyright 10 III. Film 10 IV. Broadcasting (Radio and TV) 10 V. Internet 11 C Comparative Analysis of Market Definitions Adopted by the European Commission and those Adopted by Competition Authorities in Finland 16 I. General Remarks 16 II. Comparative analysis 16 D Impact of different regulatory frameworks on market definitions 18 I. The Regulatory Framework for the Media Sector in Finland 18 1. General Statistics with relevance for the Finnish media landscape 18 a) Print media 18 b) Broadcasting 18 aa. Television 18 bb. Radio 18 c) Telecommunications 19 d) New media / Internet 19 e) Cinemas/Films 20 f) Phonograms 20 2. Legal Framework 20 3. Administrative Regulations / Rules 23 1 II. Media Regulators 23 1. Council of State (Government) 23 a) Functions / Competencies 23 aa. Press subsidy 23 bb. Granting of licences 23 c) Television and Radio fee 24 2. Ministry of Transport and Communications 24 a) Legal Basis 24 b) Functions / Competencies 25 c) Linkage with General Competition Authorities 26 3. Finnish Communications Regulatory Authority 27 a) Legal Basis 27 b) Functions / Competencies 27 aa. -
“We've Got People Lined up Behind the Door”
European Institute for Crime Prevention and Control, affiliated with the United Nations (HEUNI) P.O.Box 444 FIN-00531 Helsinki Finland Excerpt from publication no. 75, pages 31-170 “WE’VE GOT PEOPLE LINED UP BEHIND THE DOOR”: Placing the Trafficking and Exploitation of Migrant Workers in Context in the Restaurant and Cleaning Sectors in Finland Natalia Ollus and Anniina Jokinen With the financial support of the Prevention of and Fight against Crime Programme European Commission – Directorate-General Home Affairs This project has been funded with the support from the European Commission. This publication reflects the views only of the author, and the European Commission cannot be held responsible for any use which may be made of the information contained therein Contents 1. Introduction ................................................................................................. 31 1.1 Aims of this report .................................................................................. 32 1.2 The Finnish context concerning trafficking in human beings ................. 35 1.2.1 Legislation concerning trafficking ................................................... 35 1.2.2 Statistics on trafficking cases in Finland .......................................... 37 1.2.3 National efforts to counteract trafficking ......................................... 39 1.3 Migrants in Finland ................................................................................. 41 1.4 Labour market policies in the cleaning and restaurant sectors .............. -
Finland Fact Book Focus Areas of Finnish Business
FINLAND FACT BOOK FOCUS AREAS OF FINNISH BUSINESS BIOECONOMY CLEANTECH R&D AND INNOVATION World-class Finnish First-class cleantech Finland at the top of expertise in future competence from R&D spending per CONTENTS growth areas. Finland. capita. Why Finland? ....................................................................... 1 An incentive destination for business travel ..........2 Facts about Finland ......................................................... 4 Political system ................................................................. 6 Geography, natural resources and climate .............7 HEALTHCARE ICT TRAVEL AND Better life in Finland ........................................................ 8 AND TOURISM Economy and business outlook ...............................10 WELLBEING Great ICT market Finland’s dynamic Government policy in a knowledge-based Excellent research potential with R&D business climate and economy .............................................................................12 opportunities in Finland. expertise. unique environment Foreign direct investments (FDI) ...............................16 Research, development & innovation .................. 20 Principal industrial and business sectors .............24 Business environment ................................................. 30 Investment incentives ..................................................36 MANU RETAIL MINING Setting up a business in Finland ...............................38 Employment and the labour market ......................44 FACTURING -
FINNISH AVIATION LANDSCAPE Global Innovation Partnership Program (GIPP) Sustainable Manufacturing Finland Program
FINNISH AVIATION LANDSCAPE Global Innovation Partnership Program (GIPP) Sustainable Manufacturing Finland Program Kimmo Aura Program Director, Global Innovation Partnership Program (GIPP) Dr. Toni Mattila Director, Sustainable Manufacturing Finland Picture: PES-Architects CONTENTS ▪ Why Finland ▪ Roots of Finnish Aerospace Industry ▪ Forerunners in Aviation Economy ▪ Finnish Aviation Landscape ▪ Energy and Fuel in Aviation ▪ Airport Technology ▪ Drone and Multiplatform Systems ▪ Research, Testing, Education and Training ▪ Avionics, Aircraft Manufacturing and Maintenance ▪ Projects and Ecosystems ▪ Business Finland Programs ▪ Finnish Company Profiles WHY FINLAND? LOW TOP QUALITY FAST START OPERATIONAL FASTEST VIBRANT BUSINESS FOR BUSINESS COSTS WITH EUROPE-ASIA STARTUP ENVIRONMENT OPERATIONS HIGLY RELIABLE CONNECTIONS SCENE INFRA THE MOST HIGH QUALITY COMPETENT CREATIVE STABLE OF LIFE FOR PROFESSIONALS SOLUTIONS COUNTRY IN EXPATS THE WORLD 3 FINLAND EXCELS IN GLOBAL RANKINGS THE BEST THE BEST THE BEST THE BEST THE MOST Business Primary Digital Overall quality FDI Projects in the environment education competitiveness of institutions3 Nordic countries5 in the world1 in the world2 in the EU4 THE HAPPIEST THE MOST THE BEST THE SECOND THE THIRD In providing Best skilled Most innovative Country in Stable future skills workforce country in the the world6 country education in the world3 world9 in the world7 for the youth8 1 Global Innovation Index 2019 6 UN World Happiness Report 2020 2 World Economic Forum, The Global Competitiveness 7 The Fund for Peace, Fragile States Index 2019 Report 2017-2018 8 The Economist, Worldwide educating for the future index 3 World Economic Forum, Global Competitiveness Report 2019 2019 9 Bloomberg Innovation Index 2019 4 4 European Commission Desi Index 2019 5 EY Nordic Attractiveness Survey 2019 SMART SUSTAINABLE MANUFACTURING: DRIVEN BY INNOVATION AND EXPERIENCE Finland’s strengths in the manu- facturing sector are sustainability, innovation and digitalization. -
Sport As an Industry in Finland. Exploring the Economic
STUDIES IN SPORT, PHYSICAL EDUCATION AND HEALTH 240 Hamid JenniGholamzadeh Kulmala Fasandoz Sport as an Industry in Finland Exploring the Economic SigniÀcance, Contributions, and Development of the Sport Sector as an Industry STUDIES IN SPORT, PHYSICAL EDUCATION AND HEALTH 240 Hamid Gholamzadeh Fasandoz Sport as an Industry in Finland Exploring the Economic Significance, Contributions, and Development of the Sport Sector as an Industry Esitetään Jyväskylän yliopiston liikuntatieteellisen tiedekunnan suostumuksella julkisesti tarkastettavaksi yliopiston Liikunnan salissa L209 toukokuun 18. päivänä 2016 kello 14. Academic dissertation to be publicly discussed, by permission of the Faculty of Sport and Health Sciences of the University of Jyväskylä, in building Liikunta, auditorium L209, on May 18, 2016 at 14 o’clock. UNIVERSITY OF JYVÄSKYLÄ JYVÄSKYLÄ 2016 Sport as an Industry in Finland Exploring the Economic Significance, Contributions, and Development of the Sport Sector as an Industry STUDIES IN SPORT, PHYSICAL EDUCATION AND HEALTH 240 Hamid Gholamzadeh Fasandoz Sport as an Industry in Finland Exploring the Economic Significance, Contributions, and Development of the Sport Sector as an Industry UNIVERSITY OF JYVÄSKYLÄ JYVÄSKYLÄ 2016 Editors Jarmo Liukkonen Faculty of Sport and Health Sciences, University of Jyväskylä Pekka Olsbo Publishing Unit, University Library of Jyväskylä URN:ISBN:978-951-39-6607-2 ISBN 978-951-39-6607-2 (PDF) ISBN 978-951-39-6606-5 (nid.) ISSN 0356-1070 Copyright © 2016, by University of Jyväskylä Jyväskylä University Printing House, Jyväskylä 2016 ABSTRACT Gholamzadeh Fasandoz, Hamid Sport as an industry in Finland. Exploring the economic significance, contributions, and development of the sport sector as an industry Jyväskylä: University of Jyväskylä, 2016, 171 p. -
Academy of Finland 59 Box 5.8 Elearning 60 Box 6.1 Case of Ahlström and Altim Control Ltd
39378 The World Bank 1818 H Street, N.W. Washington, D.C. 20433 USA Public Disclosure AuthorizedPublic Disclosure Authorized Finland Finland has been ranked number one for the fourth time since 2000 in the World Economic Forum’s Global Competitiveness Index. as a “…The country owes its strong showing to one of the most innovative Knowledge Economy business environments in the world, particularly critical to driving Elements of Success and Lessons Learned productivity in the country, given its advanced stage of development. This is coupled with a very healthy macroeconomic environment, at a Public Disclosure AuthorizedPublic Disclosure Authorized time when many other industrial countries are struggling in this area. Edited by The willingness of Finnish governments to run budget surpluses, so as to Carl J. Dahlman be able to meet future social commitments linked to the aging of the Jorma Routti population is particularly impressive. This approach to macroeconomic policy highlights a degree of political maturity in Finnish society worthy Pekka Ylä-Anttila of emulation. Furthermore, Finland has an institutional environment that is among the world’s finest: the business community operates in a climate Public Disclosure AuthorizedPublic Disclosure Authorized of respect for the law, unusually low levels of corruption, and an openness and transparency which other countries would do well to study.” Dr. Augusto Lopez-Claros, Chief Economist and Director, Global Competitiveness Programme, World Economic Forum in The Global Competitiveness Report 2005–2006, Executive Summary, pages xiv–xv. Houndmills, UK: Palgrave Macmillan. Public Disclosure AuthorizedPublic Disclosure Authorized i-xiv_Finland_FM.qxd 2/8/06 4:21 PM Page i Finland as a Knowledge Economy Elements of Success and Lessons Learned Edited by Carl J. -
THE ELECTRONICS INDUSTRY in FINLAND Tarmo
NOT FOR QUOTATION WITHOUT PERMISSION OF THE AUTHOR POSSIBILITIES FOR A SMALL COUNTRY IN HIGH TECHNOLOGY PRODUCTION - THE ELECTRONICS INDUSTRY IN FINLAND Tarmo Lemola Raimo Lovio Technical Research Centre of Finland, Helsinki June 1988 CP-88-3 Cottaborative Papers report work which has not been performed solely at the International Institute for Applied Systems Analysis and which has received only limited review. Views or opinions expressed herein do not necessarily represent those of the Institute, its National Member Organizations, or other organi- zations supporting the work. INTERNATIONAL INSTITUTE FOR APPLIED SYSTEMS ANALYSIS A-2361 Laxenburg, Austria The technological capabilities of advanced production automation, such as FHS and CIM, are highly dependent on the possibilities created by electronics and software engineering. On the other hand, industrial applications are generally believed to create new business as well as innovation possibilities for the electronics industry. Especially industrial applications seem to have segmented markets and to offer possibilities to customized products. This is generally believed to be an opportunity for a small company and for a small country to compete in the field of high technology. The paper prepared by Raimo Lovio and Tarmo Lemola describes the development of the Finnish electronics industry as well as its innovation activities and innovation management. The paper also clearly points out the special problems of a small country competing in the field of high technology. One of the essential conclusions is that it is extremely important to ensure good contacts between final users and producers, when a specialized product is going to be developed. This has been one of the success factors of the Finnish industrial electronics sector.