Country Briefing: Scandinavia
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Transcript of Country Briefing: Scandinavia
1
Event Partner
COUNTRY BRIEFING: SCANDINAVIAN COUNTRIES
Monday, February 4, 2013
7:30am – 9:30am
Monday, February 4, 2013
Special Thanks
Series Sponsor
THE NOKIA STORY
• Best country in the world according to Newsweek • Freest press in the world according to Reporters
without Borders • Topping the education rankings in both PISA and
Economist Intelligence Unit studies • Helsinki is the second best city in the world to live
according to Monocle Magazine • Third most competitive country according to World
Economic Forum
My Nokia
Kristiina Helenius C.E.O. AmCham Finland [email protected]
THE FINLAND STORY
Giant of rankings
• Best country in the world - Newsweek • Freest press in the world - Reporters without Borders • Topping the education rankings in both PISA and
Economist Intelligence Unit studies • Helsinki, the second best city in the world to live -
Monocle Magazine • Third most competitive country - World Economic
Forum
”Should the US be more like Finland?”
EUROPE & EURO ZONE
• Transatlantic economy still accounts for half of
world’s GDP
• Share of global personal consumption larger than the U.S.
• Seven of the ten most competitive economies are in Europe
• Northern Europe on a growth track, Finland 2%
HELSINKI-TALLINN TWIN CITIES
• A common business and urban area between
Helsinki and Tallinn
• Enhanced economic ties between the 1.7 million inhabitants of the two cities
• Potential of significant growth in many sectors
THE FINLAND STORY
RAIL BALTICA
• Creating a fast rail link between Warsaw and Tallinn
• Major construction project, worth 4,5 billion euros, that will have an impact on the regional economy
• Possible construction of a tunnel to connect
Helsinki to Tallinn
HUB FOR EAST AND WEST
130 000 Russian tourists in Helsinki over the holidays
7 million annual crossings
between Helsinki and Tallinn
THE SHORTEST ROUTE BETWEEN ASIA AND AMERICA
• In the geographical center between the two continents
• Flights to over a dozen destinations in East Asia from Helsinki
ARCTIC DEVELOPMENT
• Mining-sector boom
• 10-15 major projects under way, total value over EUR 4 billion
• Turnover expected to double to EUR 2.5 billion in the next few years
ACTIVITY
• Slush The largest start-up conference in northern
Europe • Over 6000 highly skilled ICT professionals
available Over 220 start-ups launched by former Nokia
staff alone • Government on-board with new tax deductions for
venture capitalists and R&D expenditures
TEAM FINLAND
• Bringing the Finnish public sector together to better service both Finnish and foreign companies
• Our ROI Finland program for country managers has been accepted as part of the government’s Team Finland strategy to promote more FDI
U.S. Innovation Center
US BOOSTS HELSINKI’S REGIONAL STATUS
• US$ 125 million business building in downtown Helsinki
• To enhance trade and investment between the United States and Europe ”at the center of the rapidly developing Northern European market”
ACTIVITY
• Slush • The largest start-up conference in northern
Europe
• Over 6000 highly skilled ICT professionals available • Over 220 start-ups launched by former Nokia
staff alone
• Government on-board with new tax deductions for venture capitalists and R&D expenditures
AmCham Finland: the voice of international companies in Finland
• The leading international business hub in Northern
Europe
• Close cooperation with the US Embassy in Helsinki
• Wide regional networks and access
THE ECONOMY
• Member of both the single market and euro zone • GDP (current US$) 263 billion
• GDP growth (2011) 2.7 % • Euro area average (2011) 1.5 %
• GDP per capita (current US$) 48,800; 48,100 for
the United States
• Second only to Israel in R&D spending per capita
Open for investments
• Un-tapped: only 1% of Finnish companies are foreign owned
• Mining, ICT and cleantech are growth sectors with vast potential for investors
• Gateway to Russia • Finnish know-how and educated labor force • Proximity to St. Petersburg • Good infrastructure • Stable legal environment • Russia is Finland’s biggest trade partner; EUR
16.6 billion
CASE FOR INVESTING IN FINLAND
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Event Sponsor
COUNTRY BRIEFING: SCANDINAVIAN COUNTRIES
Monday, February 4, 2013
7:30am – 9:30am
Monday, February 4, 2013
Special Thanks
Series Sponsor
28
Event Partner
COUNTRY BRIEFING: SCANDINAVIAN COUNTRIES
Monday, February 4, 2013
7:30am – 9:30am
Monday, February 4, 2013
Special Thanks
Series Sponsor