Doing Business in Finland

EENI- School of International Business

Subject - Doing Business in Finland. Helsinki

1. Introduction to the Republic of Finland (the European Union)
2. The Finnish Economy: one of the highest welfare system in the world
3. Doing Business in Helsinki
4. The Finnish Foreign Trade
5. Foreign direct investment (FDI) in Finland
6. Main Finnish Companies
7. Access to the Finnish Market
8. Business Plan for Finland

The objectives of the subject “Doing Business in Finland” are the following:

1. To analyse the Finnish Economy and Foreign Trade
2. To evaluate the business opportunities in the Finnish Market
3. To analyse the trade relations of Finland with the student's country
4. To know the free trade agreements of Finland as a member of the European Union (EU)
5. To develop a business plan for the Finnish Market

Description of the Subject: Doing Business in Finland

The Republic of Finland (Europe)

1. Capital: Helsinki
2. Official Language: Finnish and Swedish
3. Area: 338,145 square kilometres
4. Population: 5.5 millions of people (the second country of the European Union in relation to population density)
5. Type of Government: Parliamentary Republic
6. Borders of Finland: Norway, Sweden and Russia. Estonia by sea
7. Religion in Finland: Lutheran Protestantism (Christianity)
8. Finland belongs to the Western Christian Civilisation (European Economic Area)
9. Finland was part of Sweden until 1809

The Economy of Finland.

1. The Republic of Finland has one of the highest welfare states in the world
2. Finland is a highly industrialised economy
3. Main Finnish economic sectors: industry of the wood, engineering, telecommunications, metals and metal products, electronics, machinery and scientific instruments, shipbuilding, paper, foods, chemical products, textiles, clothing
4. Finland has virtually no mineral resources
5. Finland is one of the less corrupt countries in the world
6. GDP (nominal): 185,485 millions of dollars
   1. Agriculture: 2.8%
   2. Industry: 25.9%
   3. Services: 71.2%
7. GDP per capita: 40,601 dollars
8. Currency: Euro
9. Finland is a member of the European Union since 1995
10. Microsoft Mobile acquired the Finnish company Nokia in 2014

Finnish Foreign Trade.

1. Main Finnish Exports: paper, machinery and electrical equipment
2. Top Finnish exports destinations: Germany, Sweden and the United Kingdom
3. Main Finnish imports: consumer goods and raw materials
4. Top suppliers: Germany, Sweden and Russia
5. As a member of the European Union, Finland is the beneficiary of the Free trade agreements of the EU with Korea, Colombia, Mexico, the MERCOSUR, etc

International economic relations of Finland

1. European Union
2. Council of the Baltic Sea States
3. Inter-American Development Bank
4. Regional Cooperation Council
5. Organisation for Economic Cooperation and Development (OECD)
6. World Bank
7. European Bank for Reconstruction and Development
8. World Trade Organisation
9. International Chamber of Commerce
10. Economic Commission for Europe (UNECE)
11. United Nations
12. Organisation for Security and Cooperation in Europe (OSCE)
13. Group of States of the Council of Europe Convention against Corruption (GRECO)
14. International Monetary Fund (IMF)
15. European Investment Bank (EIB)
16. Asia-Europe Economic Meeting (ASEM)

Finland is an observer country of the Association of Caribbean States (AEC)

Examples of the subject - Foreign Trade and Business in Finland: