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But that does not stop investment in Finland being worthwhile. The very low level of public debt, and a triple A national rating (real) make Finland still quite attractive. There will be increased government borrowing this year, but the fundamentals - so far - are relatively OK.

My clients in the capital intensive forestry/paper industry are shitting bricks, but the rest are more sanguine. I am hoping that an intensive support of exports will be to my benefit, because that is my core business - B2B international.

At the moment, the state R&DI investment remains at around 3.3 % GDP - i.e. relatively high.  That may change with corporate tax income dropping rapidly. But one of my clients just secured 500.000 € from Tekes "(funds innovative research and development projects in companies, universities and research institutes") for a MMO strategy game. (MMO = massively multiplayer online).

But then again the unique aspect of these funding organizations and the research and development they promote has always been at least 8 - 10 years ahead. In a quartal business environment, that has never been more valuable...

You can't be me, I'm taken

by Sven Triloqvist on Tue Jan 13th, 2009 at 06:33:03 PM EST
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