Foreign Investment in Helsinki Grew Significantly in 2011

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• Publié par: greater-helsinki-promotion-ltd
• Nombre de lectures: 10
• Langue: English

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Foreign Investment in Helsinki Grew

Significantly in 2011

PR Newswire

HELSINKI, June 20, 2012

HELSINKI

,

June 20, 2012

/PRNewswire/ --

- Neighbouring capital regions were clearly overtaken for the first time

Greater Helsinki

attracted more foreign investment in 2011 than neighbouring

capital cities. For the first time

Stockholm

,

Copenhagen

,

Oslo

and

Tallinn

all

came behind

Helsinki

in terms of foreign direct investment and growth capital

investment.

Helsinki

saw a 200% increase in foreign direct investment (from 18

cases in 2010 to 54 cases in 2011) and a 143% increase in growth capital

investments (from 7 in 2010 to 17 in 2011). The number of foreign mergers

and acquisitions also increased, from 28 in 2010 to 34 in 2011. In terms of

foreign mergers and acquisitions,

Greater Helsinki

is the only capital city that

has not seen a drop in activity during 2008-2011.

"It is fantastic to see

Helsinki

take the number one spot. This positive news is

particularly welcome following the recent news about Nokia," says

Micah

Gland

, CEO of Greater Helsinki Promotion, whose mission is to increase foreign

investment to

Greater Helsinki

. "

Helsinki

is a great location, with highly

educated workforce and an easy business environment. It is for these reasons

that ever increasing numbers of foreign investors are interested in establishing

their businesses here."

Even though

Finland's

share of

Europe's

foreign investments is only around 1%,

the attractiveness of the

Helsinki

region drove up

Finland's

figures in all

investment types: 170% in foreign direct investment, 157% in foreign growth

capital investments and 32% in foreign mergers and acquisitions. These growth

percentages are particularly impressive in light of the average

Europe

-wide

figures, which grew at only 3-4% depending on investment type.

"

Greater Helsinki

is the growth engine driving Finnish foreign investment. The

fact that

Helsinki

is seen as an ever more attractive investment destination is

an advantage for the whole of

Finland

. As has been stated on many occasions

during 2012, most recently in the report by Jorma Eloranta, there is a critical

need for new foreign investment in

Finland

," Micah Gland explains.

The figures for foreign investment into

Greater Helsinki

are from a report

compiled by Greater Helsinki Promotion (GHP), in which

Helsinki's

success in

attracting foreign investment is compared with that of the neighbouring capital

city regions.

The Helsinki Business Hub International Benchmark Report 2012

uses source data from the Ernst & Young European Investment Monitor and the

Zephyr database of Bureau van Dijk, which are independent, internationally

respected monitors of foreign investment.

Greater Helsinki Promotion (GHP)

is the invest-in expert organisation for

the Helsinki region, which is owned by the cities of Helsinki, Espoo, Vantaa,

Kauniainen and the Uusimaa Region. GHP works to promote the Helsinki region

as a world-class centre of business, innovation and logistics by attracting high-

impact foreign investments to the area. These kinds of significant investments

have been brought to Helsinki in increasing numbers year on year: in 2011

there were 48 key investments, which was an increase of 18 from the previous

year. The investments in 2011 are estimated to create or sustain over 2000

jobs and bring over 1.1 billion euros to the local

economy. http://www.helsinkibusinesshub.fi

For more details:

Helsinki Business Hub International Benchmark Repor

t 2012

http://www.helsinkibusinesshub.fi/article/hbh-intl-benchmark-report-2012/

Jenny Antonen,

Director of Marketing and Communications, Greater Helsinki Promotion

,

+358-

45-2739612