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Home BUSINESSAffiliates abroad post €171.2b turnover in 2011
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Thu, 25 Apr, 2013 01:24:59 AM
4,600 Finnish ventures in 119 countries
FTimes Report, April 25

 

Source - Statistics Finland
The 2011 turnover of Finnish business affiliates abroad was EUR 171.2 billion, said a Statistics Finland report released on Wednesday.
 
Finnish enterprises in 2011 ran business activities through 4,617 affiliates in 119 countries across the globe, the report said.
 
A total of 585,000 people worked at the affiliates in different European and Asian countries.
 
One-third of the workforce worked at the outlets in 15 EU countries, nearly a fourth in the Asia and Oceania regions, and one-sixth in 27 EU countries.
 
According to the report, the highest number of affiliate workforce was in Sweden, China, Russia, and India.
 
The data were collected from the Finnish enterprises concerned.
 
A total of 185,500 people worked in 15 EU countries, mostly in machinery and metal products industries, while 139,600 worked in electrical and electronics industries in the countries of Asia and Oceania.
 
The gross investments made by the affiliates abroad in tangible goods amounted to nearly EUR 3.9 billion – 68 per cent in Europe and 18 per cent in Asia and Oceania, said the report. 
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