Establishing a business in Finland makes it easier for Russian companies to enter the European markets.
A Russian company that manufactures wind turbines is starting operations in Mikkeli, eastern Finland, according to Ville Paasanen who is a board member of the company and also the technology officer of the the Miktech innovation and technology center. The company is planning to focus on product development over the next year before entering the Finnish, European and North American markets.
According to Paasonen, locating a business in Finland makes it easier for Russian companies to enter the European market. Productivity is better in Finland than in Russia and the market value of products manufactured in Finland is also higher. The Russian wind turbine manufacturer will be using subcontractors in the Mikkeli region as much as possible.
Better productivity, higher value
“The cost of labour is higher in Finland but productivity is better. Also products with the label Made in Finland attract a better price even on the Russian markets than those with Made in Russia,” says Paasonen.
Finland also offers better logistics. “From Finland you can get to Germany in a day whereas in Russia it can take a week to get to Moscow,” says Paasonen.
Miktech provides business development services for technology companies and coordinates diverse projects mainly in its four focus areas: technology and wood product industry, digitization, bioenergy and environmental safety.
Source - Miktech