More FDI needed


President Sauli Niinistö has called for more direct investment in the country according to a report for YLE news.

The president was speaking to 50 executives from international companies with operations in the country. He stated that although the country provided an excellent environment for investors it was failing to attract enough foreign direct investment (FDI).

The Ministry of Employment and Economy has estimated that foreign investment currently totals around €60 billion but that much more is needed.

The meeting was held to gather ideas from investors already working in the country as to how the investment environment could be improved. The meeting happened at the same time as Nokia announced that it was selling its headquarters in Helsinki as part of a retrenchment move.

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