The economy of Finland is a highly industrialised, mixed economy with a per capita output similar to that of western European economies such as France, Germany, and the United Kingdom. The largest sector of Finland's economy is its service sector, which contributes 72.7% to the country's gross domestic product (GDP); followed by manufacturing and refining at 31.4%; and concluded with the country's primary sector at 2.9%. Among OECD nations, Finland has a highly efficient and strong social security system; social expenditure stood at roughly 29% of GDP.
Kauniainen is a town in Finland, located in the southern interior of the country. Kauniainen is situated in the southern part of the Uusimaa region, and it is enclaved by the City of Espoo. The population of Kauniainen is approximately 10,000. It is the 95th most populous municipality in Finland. Kaunianen is part of the Helsinki Metropolitan Area, which has approximately 1.58 million inhabitants.
UPM-Kymmene Oyj is a Finnish forest industry company. UPM-Kymmene was formed by the merger of Kymmene Corporation with Repola Oy and its subsidiary United Paper Mills Ltd in 1996. UPM consists of six business areas: UPM Fibres, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers and UPM Plywood. The Group employs around 17,000 people and it has production plants in 11 countries. UPM shares are listed on the NASDAQ OMX Helsinki stock exchange. UPM is the only paper company which is listed in the global Dow Jones Sustainability Index and also a member of the United Nations Global Compact organization.
Tet is a Latvian internet service provider, telecommunications, technology and entertainment company. It has also been an electricity service provider since 2017.
The Manitoba Hydro-Electric Board, operating as Manitoba Hydro, is the electric power and natural gas utility in the province of Manitoba, Canada. Founded in 1961, it is a provincial Crown Corporation, governed by the Manitoba Hydro-Electric Board and the Manitoba Hydro Act. Today the company operates 16 interconnected generating stations. It has more than 527,000 electric power customers and more than 263,000 natural gas customers. Since most of the electrical energy is provided by hydroelectric power, the utility has low electricity rates. Stations in Northern Manitoba are connected by a HVDC system, the Nelson River Bipole, to customers in the south. The internal staff are members of the Canadian Union of Public Employees Local 998 while the outside workers are members of the International Brotherhood of Electrical Workers Local 2034.
Fortum Oyj is a Finnish state-owned energy company located in Espoo, Finland. It mainly focuses on the Nordic region. Fortum operates power plants, including co-generation plants, and generates and sells electricity and heat. The company also sells waste services such as recycling, reutilisation, final disposal solutions and soil remediation and environmental constructions services, and other energy-related services and products e.g. consultancy services for power plants and electric vehicle charging. Fortum is listed on the Nasdaq Helsinki stock exchange.
Orion Corporation, founded in 1917 and headquartered at Espoo, Finland, is a globally operating Finnish company which develops, manufactures and markets human and veterinary pharmaceuticals and active pharmaceutical ingredients for global markets. All of the company's manufacturing sites and the majority of its R&D units are in Finland.
Ideapark is a shopping mall in Lempäälä, Finland. It is the largest shopping centre in Finland. The mall was built on a greenfield site alongside the Helsinki–Tampere Highway (E12) approximately twelve kilometres south of Tampere, the capital of the Pirkanmaa region, and Tampere Airport in Pirkkala is about a 20-minute drive from Ideapark.
Wind power in Finland has been the fastest growing source of electricity in recent years. In 2023, Finland covered 18.2% of the yearly electricity demand with wind power production, which was 18.5% of the domestic production. Wind capacity was up 1.3 GW from the previous year and wind production up 25%. This compares to an average wind power share of 19% in the EU.
Bank of Åland Plc is a Finnish commercial bank and banking group with over 700 employees and operations in Åland, Finland and Sweden. The bank was founded in 1919 and was listed on the stock exchange in 1942. Its president and CEO is Peter Wiklöf.
UPC was the largest cable operator in Switzerland with around 1.1 million residential and business customers and was formed in 1994 through the merger of several cable operators. UPC has been a subsidiary of Liberty Global from 2005 until its discontinuation in 2022.
Energy in Finland describes energy and electricity production, consumption and import in Finland. Energy policy of Finland describes the politics of Finland related to energy. Electricity sector in Finland is the main article regarding electricity in Finland.
Energiapolar Oy is one of the largest electricity sales companies in Finland. The company's main market area is Northern Finland. Energiapolar has 80 000 customers and annual revenue of EUR 60 million. Electricity sales volume was over 900 000 MWh in 2013. Energiapolar solely concentrates on electricity sales and trading while working in close co-operation with the local network companies.
The electricity sector in Finland relies on nuclear power, renewable energy, cogeneration and electricity import from neighboring countries. Finland has the highest per-capita electricity consumption in the EU. Co-generation of heat and electricity for industry process heat and district heating is common. Finland is one of the last countries in the world still burning peat.
Primacom is a private cable television network operator in Germany, with around 1 million connected households and approximately 800 thousand customers.
Energy policy of Finland describes the politics of Finland related to energy. Energy in Finland describes energy and electricity production, consumption and import in Finland. Electricity sector in Finland is the main article of electricity in Finland.
Climate change has far reaching impacts on the natural environment and people of Finland. Finland was among the top five greenhouse gas emitters in 2001, on a per capita basis. Emissions increased to 58.8 million tonnes in 2016. Finland needs to triple its current cuts to emissions in order to be carbon neutral by 2035. Finland relies on coal and peat for its energy, but plans to phase out coal by 2029. Finland has a target of carbon neutrality by the year 2035 without carbon credits. The policies include nature conservation, more investments in trains, changes in taxation and more sustainable wood burning. After 2035 Finland will be carbon negative, meaning soaking more carbon than emitting.
Prysmian S.p.A. is an multinational company with headquarters in Milan, Italy, specialising in the production of electrical cable for use in the energy and telecom sectors and for optical fibres. Prysmian is present in North America with 23 plants, 48 in Europe, 13 in LATAM, 7 MEAT, 13 APAC.
Perno shipyard is a shipyard in Turku, southwest Finland, that specialises in building cruise ships, passenger ferries, special vessels and offshore projects. The yard area is 144 hectares and is operated by Meyer Turku Oy with a dry dock 365 metres (1,198 ft) long, 80 metres (260 ft) wide and 10 metres (33 ft) deep. It has the largest bridge crane in the Nordic region with a capacity of 1,200 tonnes and a smaller crane with a capacity of 600 tonnes.
The cabinet of Juha Sipilä was the 74th government of Finland, from 2015 to 2019. It was formed following the parliamentary election of 2015 and formally appointed by President Sauli Niinistö on 29 May 2015. From June 2017, the cabinet consisted of a coalition formed by the Centre Party, Blue Reform and the National Coalition Party. The cabinet's Prime Minister was Juha Sipilä.
