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GDP: $250 billionTax Burden rank: 19Innovation rank: 1Monetary Freedom rank: 36Red Tape rank: 48
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"The best people make the best games," says Ilkka Paananen, founder of Finnish gaming startup Supercell. "It sounds simple and perhaps naive, but if you truly believe it then the only thing that matters is getting those people and creating the best possible environment so they stay."
It does sound simple and a little naive, but Supercell'sincredible success hangs over Slush 2013 and is emphasised by the company's opening address to journalists the day before theHelsinki-based startup conference begins. It also doesn't hurt that Supercell is sponsoring Slush's big party and, having earned €1.5 billion (£1.2 billion) for a 51 percent sale in June, the two-year-old company is unlikely to let the bar run dry."
Nordic Business Report is a new kind of high quality business magazine in the Nordics. The magazine focuses on entrepreneurship and articles supporting the development of business skills.
To name a few other pieces of content, there is an article on challenges and best practices in growth company governance by Dr. Esa Matikainen and articles or interviews from Minister Alexander Stubb, journalist Malcolm Gladwell, world’s leading innovation professor Vijay Govindarajan, management guru Tom Peters, professor Lynda Gratton and Jimmy Wales, the founder of Wikipedia.
You can read the latest issue of the magazine by clicking the links below:
Finland might be a tough place for Nokia these days, but that's not the country's fault. Angry Birds was made here. Finland is No. 2 with a ranking of 70.5.
What's the connection between these countries ? Good education for sure !
Alekstra already has a successful business managing corporate telecoms spending. But it is laying the foundations for something far more disruptive, a global virtual cellphone network.
ABB, the leading power and automation technology group, has won an order to provide complete power plant and propulsion systems for the first new build ship for German cruise operator TUI Cruises. The ship is being built in Finland at the STX Europe yard in Turku.
Helsingin Sanomat was given the rare opportunity to interview former oil billionaire Mikhail Khodorkovsky, who is imprisoned in Segezha in Russian Karelia. As no journalists are allowed in the prison, the questions were submitted in writing to Khodorkovsky’s spokeswoman, who later supplied the answers. It is impossible to know with any certainty if the answers were those of Khodorkovsky himself or if he was possibly censored or put under duress...
Design, Development and Digital business conference in Helsinki, Finland | February 6th 2012 (RT @DDayConf: Frontend developers! Don't miss this chance of a lifetime to see @LeaVerou and @smashingmag in Helsinki!
The revolution taking place in the forest industry has pushed the entire sector towards new innovations.
According to Finpro, a high level of competence and global megatrends are supporting the revival of the Finnish forest industry. A large number of new SMEs are expected in the sector.
Following many years of upheaval, traditional Finnish forest industry products are being replaced by new volume products on the international market. At times, it can be difficult to find a direct link between these new products and the forest...
Finnish engineering firm Wärtsilä has reached an agreement with the board of the British oil extraction engineering firm Hamworthy to buy the company. The deal will cost Wärtsilä 383 million pounds, or nearly 450 million euros.
The Scottish engineering group Clyde Blowers, owned by the entrepreneur Jim McColl, is buying the Finnish industrial gear manufacturer Moventas Santasalo and the wind turbine gear manufacturer Moventas Wind, for €100m. Combined with Clyde Blowers’ existing David Brown Gear Systems subsidiary, these operations will create one of the world’s largest gear manufacturing groups....
HELSINKI Nov 11 (Reuters) - Finland is reviewing a 150-million-euro weapons deal with Saudi Arabia as some politicians are worried the weapons could eventually be used by authorities...
There was much talk of the information society around the end of the last millennium. Especially in Finland as we were often considered to be the model country for its development. Finland was at the forefront both in terms of internet connections and of the number of mobile phones. We were home to plenty of world-class IT companies such as Nokia and the Linux operating system. It seemed certain that Finland would continue to show the world the way into the 2000s as well.
So what happened?
For the third year in a row, Bloomberg Rankings presents its exclusive analysis of the world's most attractive countries for business according to 2013 data. ...
FINLAND NR 8.
Overall Rank: 14
2012 Rank: 15
Total Score: 75.2
Economic Integration: 81.6
Business Startup Cost: 70.9
Labor/Material Cost: 61.7
Transport Cost: 79.8
Less Tangible Costs: 88.3
Local Consumer Base: 68.7
Salo is perhaps the best place to gauge the rise and fall of Nokia. The small town 100km west of Helsinki was the birthplace of the Finnish group’s mobile phone business in the late 1970s.
As Nokia grew into the world’s largest manufacturer of mobile phones, so did its importance to the town: at its peak it employed 5,000 of the 26,000 workers in Salo and contributed €50m in corporate taxes to the city’s budget.
Then came Nokia’s fall and a drastic cutting back, leaving only 1,200 workers today – all of whom are destined to move to Microsoft under its €5.44bn deal to buy the Finnish group’s mobile phone business.
One of the newest hit-makers in the mobile-game industry once again hails from Finland, but Supercell is making money with cows and dragons instead of Angry Birds.
Supercell Oy says it is profitable and grossing more than $500,000 a day in revenue from its two games, the medieval-strategy title "Clash of Clans" and the farming app "Hay Day."
Amid the success, the two-year-old startup in November moved its 80 employees into a massive office complex abandoned by struggling phone maker Nokia Corp. a sign of the times in Helsinki. The city's buzzing startup scene has hatched numerous big-game developers in recent years, including "Angry Birds" maker Rovio Entertainment Ltd.
$500,000 per DAY in revenue! Think these game-building skills might be more worthwhile than teaching geometry, or a second language that could never be used? Just saying....
The US government is opening a USD 125 million business building in downtown Helsinki. The space is a one-of-a-kind tool to enhance trade and investment between the United States and Europe at the center of the rapidly developing Northern European market...
(Reuters) - Nokia phones once took pride of place in Manish Khatri's Mumbai store, but now models made by Samsung Electronics get the limelight.
He has nothing against Nokia, he says, but it's better for business to push the more popular models.
That simple calculation is being made in thousands of stores across India and similar emerging markets, where Nokia's rivals used to be relative minnows.
For 14 years the world's biggest seller of mobile phones, it was overtaken by Korea's Samsung in the first quarter of this year, having already watched both Apple and Samsung leapfrog its lead in the lucrative smartphone segment last year.
Finland's largest confectionary company, Fazer, has signed a deal with Rovio Entertainment to produce sweets based on its hit mobile game Angry Birds.
The characters and flavours will come from the Angry Birds world, and the birds’ characters will show and taste in the products. The confectionary, which will be in shops by June, will be introduced in more detail in March.
Sustainability experts from six multinationals identified opportunities to enhance urban sustainability in Turku, Finland. Collaborating under the World Business Council for Sustainable Development's (WBCSD) Urban Infrastructure Initiative, this is the first time a city has worked with global businesses to achieve sustainability goals...
Finnish companies are shifting to specialization and niche markets to survive tough times, and that makes them takeover targets for global corporations, Kauppalehti reported today.
DORSET-BASED oil and gas services group Hamworthy has agreed to be taken over by Finnish enginemaker Wartsila yesterday in a deal valuing the UK company at about £383m.
The announcement will boost Wartsila’s presence in the fast-growing energy sector. Wartsila said it saw major cost synergies and sales opportunities from integrating Hamworthy in its ship power division.
“We see Hamworthy as an accelerated short cut to strengthen our market position” in offshore, marine and environmental products, chief executive Bjorn Rosengren said.
Deltamarin has signed an agreement with Tianjin Xingang Shipbuilding Heavy Industry Co., Ltd., part of CSIC Group for the design of four very low fuel consumption Handysize Bulk Carriers to be built for M.T. Maritime Management Group / Strategic Shipping Inc.Deltamarin will take care of the Basic and Detail designs of the vessels as well as of Technical Procurement handling. Deltamarin will also have a site team to take the design to production. This is the second order for the B.Delta37 standard bulk carriers, which have evoked the interest of the market with their improved deadweight, cubic capacity and especially the extremely low fuel consumption compared to other available designs.
The Finnish digital games company RedLynx has been acquired by Ubisoft, a leading international developer, publisher and distributor of interactive entertainment products.
Kone, the one of the global leaders in the elevator and escalator industry, has acquired the assets of Quality Elevator in Pennsylvania, US. According to Kone press release, the deal will expand company’s presence in important Pennsylvania markets.