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Finnvera
Finnvera is a Finnish state-owned financing company. It is the official export credit agency An export credit agency (known in trade finance as an ECA) or investment insurance agency is a private or quasi-governmental institution that acts as an intermediary between national governments and exporters to issue export insurance solutions ... for Finland. Finnvera provides loans, credits and guarantees. In 2013, Finnvera financed around 3500 start-up enterprises. The company is responsible to the Finnish Ministry of Employment and the Economy. History Finnvera was founded in 1999 through a merger of Kera Plc and the Finnish Guarantee Board. The European Commission has given Finnvera the right to support Finnish exports. During the first half of 2011, Finnvera provided over two billion euros in export and guarantees. In September 2014, Finnvera issued a 500 million euro bond under their Euro Medium Term Note programme. See also * Business Finland * SITRA References ...
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Export Credit Agency
An export credit agency (known in trade finance as an ECA) or investment insurance agency is a private or quasi-governmental institution that acts as an intermediary between national governments and exporters to issue export insurance solutions and guarantees for financing. The financing can take the form of credits (financial support) or credit insurance and guarantees (pure cover) or both, depending on the mandate the ECA has been given by its government. ECAs can also offer credit or cover on their own account. This does not differ from normal banking activities. Some agencies are government-sponsored, others private, and others a combination of the two. ECAs currently finance or underwrite about US$430 billion of business activity abroad – about US$55 billion of which goes towards project finance in developing countries – and provide US$14 billion of insurance for new foreign direct investment, dwarfing all other official sources combined (such as the World Bank and Regio ...
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Export Credit Agencies
An export credit agency (known in trade finance as an ECA) or investment insurance agency is a private or quasi-governmental institution that acts as an intermediary between national governments and exporters to issue export insurance solutions and guarantees for financing. The financing can take the form of credits (financial support) or credit insurance and guarantees (pure cover) or both, depending on the mandate the ECA has been given by its government. ECAs can also offer credit or cover on their own account. This does not differ from normal banking activities. Some agencies are government-sponsored, others private, and others a combination of the two. ECAs currently finance or underwrite about US$430 billion of business activity abroad – about US$55 billion of which goes towards project finance in developing countries – and provide US$14 billion of insurance for new foreign direct investment, dwarfing all other official sources combined (such as the World Bank and Regio ...
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Government-owned Corporation
A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the government, control monopoly of the private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs are government entities established to pursue financial objectives and devel ...
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Kuopio
Kuopio (, ) is a Finnish city and municipality located in the region of Northern Savonia. It has a population of , which makes it the most populous municipality in Finland. Along with Joensuu, Kuopio is one of the major urban, economic, and cultural hubs of Eastern Finland. At the end of 2018, its urban area had a population of 89,307. Kuopio has a total area of , of which is water and half is forest. Though the city's population is a spread-out , the city's urban areas are populated comparably densely (urban area: 1,618 /km²), making Kuopio Finland's second-most densely populated city. Kuopio is known nationwide as one of the most important study cities and centers of attraction and growth, but on the other hand, the history of Kuopio has been characterized by several municipality mergers since 1969, as a result of which Kuopio now includes much countryside; Kuopio's population surpassed 100,000 when the town of Nilsiä joined the city at the beginning of 2013, and when Maa ...
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Finland
Finland ( fi, Suomi ; sv, Finland ), officially the Republic of Finland (; ), is a Nordic country in Northern Europe. It shares land borders with Sweden to the northwest, Norway to the north, and Russia to the east, with the Gulf of Bothnia to the west and the Gulf of Finland across Estonia to the south. Finland covers an area of with a population of 5.6 million. Helsinki is the capital and largest city, forming a larger metropolitan area with the neighbouring cities of Espoo, Kauniainen, and Vantaa. The vast majority of the population are ethnic Finns. Finnish, alongside Swedish, are the official languages. Swedish is the native language of 5.2% of the population. Finland's climate varies from humid continental in the south to the boreal in the north. The land cover is primarily a boreal forest biome, with more than 180,000 recorded lakes. Finland was first inhabited around 9000 BC after the Last Glacial Period. The Stone Age introduced several differ ...
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Pauli Heikkilä
Pauli is a surname and also a Finnish male given name (variant of Paul) and may refer to: * Arthur Pauli (born 1989), Austrian ski jumper *Barbara Pauli (1752 or 1753 - fl. 1781), Swedish fashion trader * Gabriele Pauli (born 1957), German politician *Hans Pauli (fl. 1570), Swedish monk and alleged sorcerer *Hansjörg Pauli (1931–2007), Swiss musicologist, writer, and music critic *Johannes Pauli (c. 1455 – after 1530), German Franciscan writer *Pauli Pauli (born 1994), Australian Rugby league player *Reinhold Pauli (1823–1882), German historian *Wolfgang Pauli (1900–1958), Austrian theoretical physicist * Pauli Murray (1910–1985), American academic and author *Dr. Pauli, a nemesis in '' Captain Video and His Video Rangers'' See also *St. Pauli *Pauli exclusion principle *Pauly (surname) *Paulis (other) Paulis is the former name of Isiro, the capital of Haut-Uele Province in the northeastern part of the Democratic Republic of the Congo. Paulis may also re ...
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Business Finland
Business Finland is a public organization under the Finnish Ministry of Employment and the Economy. It was established on 1 January 2018, with the goal of attracting trade, tourism and foreign investment to Finland as well as providing funds for innovation. And as such, Business Finland is also involved in funding Finnish space researches, under the ''New Space Economy'' program, as well as startup companies, under ''Young Innovative Company funding'' program among other projects. The organization is made up of two entities: Innovaatiorahoituskeskus Business Finland (a government agency) and Business Finland Oy (a government-owned corporation controlled by the agency). History The predecessor of the agency was ''Tekes – the Finnish Funding Agency for Technology and Innovation'' (Finnish: ''Innovaatiorahoituskeskus Tekes''), while the predecessor of the corporation was Finpro Oy. Tekes was founded in 1983 through the President of Finland, Mauno Koivisto, who ratified ...
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SITRA
Sitra ( ar, سترة or , ''As-Sitra''), also known as Sitrah ( ar, Jazīrat Sitrah, script=Latn) or Sitra Island ( ar, Jazīrat as-Sitra, script=Latn), is an island in Bahrain. It lies south of the capital, Manama, on Bahrain Island. History ;Conflict with Al Khalifa in 1782 In 1782, a conflict occurred between locals and a number of Al Khalifa who came from Zubara to buy supplies. The clashes resulted in deaths from both sides. ;Arab Spring During the Arab Spring, there was a big protest here. Many protesters were injured or killed. (See Day of Rage (Bahrain)). Geography The Island is located just east of Bahrain Island in Persian Gulf. It lies south of Manama and Nabih Saleh. The island's western coast forms the boundary of Tubli Bay. The island used to be covered in date palm groves and farms, watered by several freshwater springs. Mangroves used to line the western coast, however they have almost disappeared due to development. Demography Most of the inhabitants of ...
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Financial Services Companies Of Finland
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessmen ...
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Government-owned Companies Of Finland
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. This form is often referred to as a state-owned en ...
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Financial Services Companies Established In 1999
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessmen ...
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