Transcript Leif FAGERNAS, Director General of the Confederation of Finnish

Mr Leif Fagernäs
Director General,
Confederation of Finnish Industries EK
Russian Economic and Financial Forum in Finland
Hotel Crowne Plaza, Helsinki
13-14 November 2006
EK represents
• The entire private sector and companies of all sizes
• 43 branch associations
• About 16,000 member companies, of which 96 % are SMEs
• Over 70 % of Finland’s GDP
• Over 95 % of Finland’s exports
• About 950,000 employees
Unparalleled knowledge and information on Finnish business
Natural partner for the government
EK/tl13.11.2006
EK in issues related to business with Russia
Commission
RSPP
Unice
EK
Departments
Member federations
EK/tl13.11.2006
FI-RU Economic
Commission,
RU ministries
Ministries and other
Finnish authorities
• Direct and indirect contacts with Finnish, EU and
Russian authorities and business organisations
• Bilateral economic Commission, UNICE Russia
Network, cooperation with RSPP, IRT
• Memos on issues to be tackled
• Participation in committees and Working groups
Finland’s Competitiveness
• 2nd according to the World Economic Forum 2006-2007 Global
Competitiveness Report
• 10th on the IMD 2006 World Competitiveness Scoreboard
• 14th in the World Bank Doing Business in 2006
EK/tl13.11.2006
EK/tl13.11.2006
Finnish Labour Market
Persons per year
80000
Inflow
Outflow
75000
70000
65000
60000
55000
50000
45000
20
24
20
22
20
20
20
18
20
16
20
14
20
12
20
10
20
08
20
06
20
04
20
02
20
00
19
98
19
96
19
94
19
92
19
90
40000
Source: The Central Pension Security Institute of Finland
EK/tl13.11.2006
EK/tl13.11.2006
Economic policy promoting competitiveness
• Political stability and good economic performance
• Least corrupted together with Iceland and New Zealand
• High level of education
• 3.5 percent of the GDP to R&D
• Venture capital funding made available
• Functioning labour market
• Preparedness for reforms
EK/tl13.11.2006
Tasks to be tackled
• Early preparation for the consequences of ageing population
• More investment in higher productivity and infrastructure
• Securing well-functioning competition policy
• Better regulation
• Sufficient investment in infrastructure
• More working years
EK/tl13.11.2006
Examples of Measures to be taken
• Earlier graduation and smaller drop out percentage
• More support for speedy start up of production and marketing of
products based on new innovations
• More flexible transfer of family company ownership
EK/tl13.11.2006
Stock of Direct Investments, EUR billion
EK/tl13.11.2006
Тrade between Finland and Russia
in 1992-June 2006 in mln. euro
7000
6000
+23%
Export
Import
+32%
+22%
5000
+25%
+23%
4000
+13%
3000
2000
1000
/2
00
6
16
20
04
20
02
20
00
19
98
19
96
19
94
19
92
0
Source: Board of Customs
EK/tl13.11.2006
СПАСИБО ЗА ВНИМАНИЕ!