Industries & Research

Scientific research in Finland is concentrated in universities and state-funded specialised research institutions. The task of universities is to promote freedom of scientific research. Universities and research institutes Endeavour to attain a level of science which is also high in international terms.

Finland has a highly industrialized, mixed economy with a per capita output equal to that of other western economies such as France, Germany, Sweden or the United Kingdom. The largest sector of the economy is services at 65.7 percent, followed by manufacturing and refining at 31.4 percent.

Notable companies in Finland include Nokia, the market leader in mobile telephony; Stora Enso, the largest paper manufacturer in the world; Neste Oil, an oil refining and marketing company; Aker Finnyards, the manufacturer of the world’s largest cruise ships (such as Royal Caribbean’s Freedom of the Seas); KONE, a manufacturer of elevators and escalators; and Finnair, the largest Helsinki-Vantaa based international airline.Though foreign investment is as not high as some other European countries, the largest foreign-headquartered companies included names such as ABB, Tellabs, Carlsberg, and Siemens.

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