It’s not a friendly environment for business. That’s obvious when you’ve only got two supermarket giants and a government-owned alcohol monopoly. There isn’t an effective antitrust body breaking up market concentration, and without that, small businesses struggle to enter.
Taxes are high, margins get squeezed, and the population is tiny. Labour is expensive not necessarily labour but social contributions, rigid, and inflexible there are few incentives for investment, and growth potential is capped from the start with only 5 million people (remember they don’t want to have babies so they’re going to shrink)
This is why FAANG companies prefer building teams in places like Poland, Romania, or the Baltics. It’s not that wages are cheaper. senior IT workers there can earn €100–120k+ it’s that the talent pools are much deeper, contracting is more flexible, and scaling is easier. Finland, by contrast, feels bureaucratic and cautious, with a business culture that can seem forced and inauthentic.
**this is a big one i think: business culture is cautious, consensus-driven, and sometimes resistant to outsiders.**
Bring Musk, Peter Thiel etc here.
Lol Id be more concerned about who would be willing to do business here.
5 comments
That’s right, give Finland money!
make Finland more attractive to foreigners then.
It’s not a friendly environment for business. That’s obvious when you’ve only got two supermarket giants and a government-owned alcohol monopoly. There isn’t an effective antitrust body breaking up market concentration, and without that, small businesses struggle to enter.
Taxes are high, margins get squeezed, and the population is tiny. Labour is expensive not necessarily labour but social contributions, rigid, and inflexible there are few incentives for investment, and growth potential is capped from the start with only 5 million people (remember they don’t want to have babies so they’re going to shrink)
This is why FAANG companies prefer building teams in places like Poland, Romania, or the Baltics. It’s not that wages are cheaper. senior IT workers there can earn €100–120k+ it’s that the talent pools are much deeper, contracting is more flexible, and scaling is easier. Finland, by contrast, feels bureaucratic and cautious, with a business culture that can seem forced and inauthentic.
**this is a big one i think: business culture is cautious, consensus-driven, and sometimes resistant to outsiders.**
Bring Musk, Peter Thiel etc here.
Lol Id be more concerned about who would be willing to do business here.
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