Foreign Investment in Helsinki Grew Significantly in 2011
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Foreign Investment in Helsinki Grew Significantly in 2011

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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.

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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
)