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Home NATIONALForeign entrepreneurial activity in Finland largely European: Statistics
Fri, 29 Nov, 2013 03:51:16 AM
FTimes Report, November 29
Share of foreign affiliates’ personnel and turnover by continent. Source: Statistics Finland.
Foreign entrepreneurial activities in Finland is mainly European, Statistics Finland's latest release has indicated.
To be specific, around 80% of the entrepreneurs in Finland come from European companies. 
The foreign affiliates employed around 234,000 people in Finland in 2012, the data said. 
European enterprises also generated most – around 76% – of the foreign affiliates' €75bn turnover.
Foreign affiliates cover 15-16% of the personnel of the enterprises operating in Finland. 
The share has remained roughly at the same level over the last five years. Turnover has, in turn, stabilised around 20%, according to the release. 
However, the shares vary considerably between industries. In the main industries, theshares vary from 2-35%.  
The nationality of an enterprise is recorded on the basis of the institutional unit that controls it. “Usually this is an enterprise, located abroad, that owns over 50% of the enterprise, either directly or indirectly,” the release says. 
Swedish enterprises clearly own the largest share of the affiliates located in Finland. 
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