Introduction of Helsinki

There are mainly two exchanges for working of stock market operation and standardization of all contacts. In india like wise NSE and BSE, in finland there are given below two exchanges 1.NASDAQ OMX Helsinki Ltd

Helsinki Stock Exchange is the marketplace for all trading except derivative trading, which is conducted through the Stockholm Stock Exchange.Helsinki Stock Exchange is a part of NASDAQ OMX Group.

A part of the Nasdaq OMX Nordic exchange is also First North which is an alternative marketplace for small growth companies. Companies at First North are subject to the rules of First North and not the legal requirements for admission to trading on a regulated market.

Companies admitted to trading at First North are given the same possibilities as large companies but the regulations are lighter. It does not have the legal status as an EUregulated market.

Nasdaq OMX Nordic is the integrated Nordic and Baltic marketplace, offering operational reach to approximately 80% of the Nordic and Baltic securities markets and it includes the stock exchanges in Copenhagen, Stockholm, Helsinki, Iceland, Tallinn, and Vilnius.

2. Nordik Derivatives exchange(NDX)

Nordic Derivative Exchange is a market for listing and trading of derivatives and other structured products like currency futures and index futures. The trading is electronic and conducted in the same platform as Nordic Growth Market Equity.

The market is operated by Nordic growth market a regulated exchange under the supervision of the Swedish Financial Supervisory Authority.

Structure

Trading System INET is Nasdaq OMX core technology used across NASDAQ OMXs U.S. and European markets. Today it powers NASDAQ OMXs U.S. equities and options platforms including The NASDAQ Stock Market, NASDAQ OMX BX, NASDAQ OMX PHLX, The NASDAQ OMX Options Market, and NASDAQ OMX Europe. INET was rolled out on NASDAQ OMXs Nordic and Baltic markets on February 8, 2010. Please find more information about NASDAQ OMXs trading systems at:

Derivatives are traded in the Click system. Trading Hours Official trading hours Equities Derivatives Warrants ETF First North Bonds After trade 1 After trade 2 Local time 10:00 - 18:20 (Closing call 18:20 - 18:30) 10:00 - 18:25 10:00 - 18:25 10:13 - 18:25 10:15 - 18:20 (Closing call 18:20 - 18:30) 10:00 - 18:20 18:31 - 19:00 08:30 - 09:45

Security Identifiers ISIN (International Securities Identification Numbering) is the only security identifier used in the Finnish market.

Role of helsinki stock exchanges 1. Mobilizing savings for investment When people draw their savings and invest in shares (through a IPO or the issuance of new company shares of an already listed company), it usually leads to allocation of resources because funds, which could have been consumed, or kept in idle deposits with banks, are mobilized and redirected to help companies' management boards finance their organizations. This may promote business activity with benefits for several economic sectors such as agriculture, commerce and industry, resulting in stronger economic growth and higher productivity levels of firms. Sometimes it is very difficult for the stock investor to determine whether or not the allocation of those funds is in good faith and will be able to generate long-term company growth, without examination of a company's internal auditing 2.Raising capital for businesses The Stock Exchange provide companies with the facility to raise capital for expansion through selling shares to the investing public. Common forms of capital raising Besides the borrowing capacity provided to an individual or firm by the banking system, in the form of credit or a loan, there are four common forms of capital raising used by companies and entrepreneurs. All of these available options, might be achieved, directly or indirectly, involving a stock exchange. Going public Capital intensive companies, particularly high tech companies, always need to raise high volumes of capital in their early stages. By this reason, the public market provided

by the stock exchanges, has been one of the most important funding sources for many capital intensive startups. After the 1990s and early-2000s hi-tech listed companies' boom and burst in the world's major stock exchanges, it has been much more demanding for the high-tech entrepreneur to take his/her company public, unless either the company already has products in the market and is generating sales and earnings, or the company has completed advanced promising clinical trials, earned potentially profitable patents or conducted market research which demonstrated very positive outcomes. This is quite different from the situation of the 1990s to early-2000s period, when a number of companies (particularly Internet boom and biotechnology companies) went public in the most prominent stock exchanges around the world, in the total absence of sales, earnings and any well-documented promising outcome. Anyway, every year a number of companies, including unknown highly speculative and financially unpredictable hi-tech startups, are listed for the first time in all the major stock exchanges - there are even specialized entry markets for this kind of companies or stock indexes tracking their performance (examples include the Alternext, CAC Small, SDAX, TecDAX, or most of the third market companies). Limited partnerships A number of companies have also raised significant amounts of capital through R&Dlimited partnerships. Tax law changes that were enacted in 1987 in the United States changed the tax deductibility of investments in R&D limited partnerships. In order for a partnership to be of interest to investors today, the cash-on-cash return must be high enough to entice investors. As a result, R&D limited partnerships are not a viable means of raising money for most companies, specially hi-tech startups.

Venture capital A third usual source of capital for startup companies has been venture capital. This source remains largely available today, but the maximum statistical amount that the venture company firms in aggregate will invest in any one company is not limitless (it was approximately $15 million in 2001 for a biotechnology company). At those level, venture capital firms typically become tapped-out because the financial risk to any one partnership becomes too great.

Corporate partners A fourth alternative source of cash for a private company is a corporate partner, usually an established multinational company, which provides capital for the smaller company in return for marketing rights, patent rights, or equity. Corporate partnerships have been used successfully in a large number of cases.

Comparative position of finland stockmarket & india stock market

Finland stock market
Date 30-03-2007 29-06-2007 28-09-2007 28-12-2007 31-03-2008 30-06-2008 30-09-2008 2007.16 30-12-2008 1523.24 31-03-2009 1274.61 30-06-2009 1,642.69 30-09-2009 1,951.70 30-12-2009 2,042.26 31-03-2010 2,255.63 30-06-2010 2,113.49 30-09-2010 2,437.19 30-12-2010 2,652.14 31-03-2011 2,653.18 30-06-2011 2,392.73 30-09-2011 1,894.78 30-12-2011 1,942.06 1,910.42 1,942.06 1,841.40 1,853.21 101.34 2,353.96 2,392.73 97.73 2,634.70 2,637.82 102.19 2,628.48 2,628.48 99.55 2,396.13 2,414.67 99.36 2,080.32 2,094.53 100.47 2,234.82 2,246.04 99.96 2,023.25 2,032.59 99.92 1,917.75 1,926.10 100.24 1,602.10 1,602.21 99.16 1250.65 1272.38 98.07 1476.47 1515.65 101.71 1911.43 1980.27 102.85 High price 3080.34 3275.53 3326.74 3015.19 2697.2 2475.86 Low price 3056.02 3239.52 3305.38 2975.75 2652.62 2421 Closing price 3077.7 3249.31 3323.68 3010.11 2687.76 2469.06 Change in % 100.17 99.89 100.02 100.42 100.05 100.12 100.63

CHANGE IN %
103 102 101 100 99 98 97 96 95 01-03-07 01-08-07 01-01-08 01-06-08 01-11-08 01-04-09 01-09-09 01-02-10 01-07-10 01-12-10 01-05-11 01-10-11

CHANGE IN %

We have taken the base price 3072.61of 29th march 2007. There is 100.17% change in closing price. From 30-03-2007 to 31-03-2008 there is
a100.05 % change in the closing price of Helsinki stock exchange. Above chart shows that the performance of the omx helsinkinki stock exchange varies from 100.17% to 101.34% from the year 2007 to 2011. Here we havetaken into consideration the quarter wise changes in the closing prices.

India stockmarket
Date 30-03-2007 29-06-2007 28-09-2007 31-12-2007 31-03-2008 30-06-2008 30-09-2008 31-12-2008 31-03-2009 30-06-2009 30-09-2009 31-12-2009 31-03-2010 30-06-2010 30-09-2010 31-12-2010 31-03-2011 High price 13111.87 14663.25 17361.47 20484.28 16226.66 13872.06 12995.20 9825.90 9826.22 14907.48 17142.52 17530.94 17699.50 17725.04 20114.73 20552.03 19575.16 Low price 12984.13 14574.45 17152.31 20239.63 15563.15 13405.54 12153.55 9587.92 9547.21 14420.41 16868.46 17365.37 17488.55 17373.78 19864.46 20412.76 19284.35 Closing price 13072.10 14650.51 17291.10 20286.99 15644.44 13461.60 12860.43 9647.31 9708.50 14493.84 17126.84 17464.81 17527.77 17700.90 20069.12 20509.09 19445.22 Change in % 100.71 101.003 100.82 100.4 95.56 97.53 102.1 99.29 101.47 98.03 101.63 100.7 99.65 100.95 100.57 100.99 100.8

30-06-2011 30-09-2011 30-12-2011

18873.39 16745.16 15694.05

18723.14 16404.78 15406.93

18845.87 16453.76 15454.92

100.81 95.54 99.43

CHANGE IN %
103 102 101 100 99 98 97 96 95 94 93 92

CHANGE IN %

01-08-07

01-02-10

01-03-07

01-01-08

01-06-08

01-11-08

01-04-09

01-09-09

01-07-10

01-12-10

01-05-11

We have taken the base price 3072.61of30-03-2007 ,There is 100.71% change

in closing price. From 30-03-2007 to 31-03-2008 there is a100.05 % change 30-03-2007 ssin the closing price of bse stock exchange. Above chart shows that the performance of the bse sensex stock exchange varies from 100.71% to 99.34% from the year 2007 to 2011. Here we have taken into consideration the quarter wise changes in the closing prices.

Foreign Direct Investment Statistics

01-10-11

As a result of the international financial crisis, direct investment inflows and outflows were modest in 2009. Weakening results of Finnish investment enterprises and a decline in retained earnings reduced the value of nonresidents investments in Finland. In 2009 Finnish direct investment recorded a capital outflow of EUR 2.8 billion. Finnish financial and insurance companies, in particular, increased their investments abroad. Inward direct investment was nil. As a consequence of the global financial crisis, no large international corporate acquisitions were made that would have boosted investment flows in 2009. Nor did investors provide significant financing for previously acquired enterprises. At the end of 2009, the value of the stock of inward direct investment was 59 billion Euros. The steady investment growth in previous years came to a halt in 2008-2009. By economic activity, service companies accounted for 70 percent of the inward stock. The stock of outward direct investment was 88 billion Euros at the end of 2009. In contrast to inward direct investment, the outward stock continued to grow at a modest rate in 2008-2009. At the end of 2009, manufacturing companies were the investor group for almost 60 percent of outward direct investment. By country, capital from Sweden accounted for the largest share (31 billion Euros or 52 percent of the stock) by far of inward direct investment. Other major investor countries were the Netherlands and Denmark. The EU countries accounted for 93 percent of the inward stock. Finnish companies' income on foreign direct investment abroad totaled 6.2 billion Euros and foreign investors' income on direct investment in Finland totaled 1.8 billion Euros. No policies exist that govern the export of capital and outward direct investment. Holders of capital, Finnish and foreign, can move funds at will.

Trend of business

Finland is an advanced industrial economy with a thriving private sector and a business environment that is highly conducive to FDI. The government is business-friendly and the country has a developed infrastructure, a skilled workforce and competitive operating costs. Red tape is minimal and Finland is one of the least corrupt countries in the world according to Transparency International. Foreign-owned companies can benefit from government investment incentives and access to the latest research from the extensive cooperation between Finnish universities and the private sector. Foreign investment in Finland is welcomed as a boost to the dynamism of the economy. As one of the most competitive and open economies in the world, Finland has a great deal to offer foreign investors. Industries in focus Invest in Finland is manned by experts whose job is to recommend actions for successfully taking advantage of Finnish business opportunities. We believe that specialisation is the key for obtaining the maximum benefit from your investment. That is why Invest in Finland has consultancy teams focusing entirely on two main areas: Industry & Technology and Trade & Services. The former includes industries such as Cleantech, ICT, Healthcare & Wellbeing and Mining, while the latter includes Retail, Real Estate, Business Services, Logistics and Travel & Tourism.

Finnish retail trade starts year with high growth

Retail trade sales up by 9.0% and wholesale trade by 13.4%. Retailers cash tills were ringing Finland in January 2011 as retail sales increased by 9.0% from the same month one year ago, according to Statistics Finland. The volume of retail trade sales also grew by 5.4%. In the daily consumer goods trade, sales grew by 8.5% and the volume of sales increased by 3.4%. Department store trade also went up by 4.3% in value and 3% in volume. Wholesale trade sales grew by an impressive 13.4%, with volume increasing by 9.3%. The motor vehicle trade enjoyed the fastest growth of all with sales going up by 16.2% year-onyear and sales volume increasing by 15%. In total trade, sales grew by 12.5 per cent in January. According to Statistics Finlands figures for the year 2011, retail trade sales in Finland increased by 5.1% compared to 2010. The volume of retail trade sales was up by 2.1%. Wholesale trade sales grew by 7.8% and motor vehicle sales by 16.7%. Total trade sales increased by 8.1% in 2011 compared to 2010. Professional consulting services Invest in Finland offers a full set of professional, hands-on investment services that are always tailored according to your specific needs. The services cover every stage of setting up a business in Finland, ranging from initial data collection and opportunity analysis to networking and the actual business launch. Please, choose from Invest in Finland's best-of-breed service packages below and learn more.

Many Finnish shopping centres grew in 2011

City Forum in Helsinki had the fastest sales growth per square metre with a 29.1% increase. Many Finnish shopping centres enjoyed an increase in the number of visitors in 2011, according to statistics compiled by the Finnish Council of Shopping Centers. The biggest increase was at the Elo shopping centre in Yljrvi which had 11% more visitors in 2011 compared to the year before. The highest sales per square metre was recorded at the Kamppi shopping centre in Helsinki with EUR 7021, followed by Hansa shopping centre in Turku with EUR 6010. City Forum in Helsinki had the fastest growth of sales per square metre with a 29.1% increase to EUR 5668. In the capital city region, the number of visits increased the most at the Jumbo shopping centre in Vantaa which enjoyed 8% growth to reach a total of 9.4 million visitors. The 10 million landmark is expected to be reached this year as more shoppers are now travelling to Jumbo from further afield. Visitors to Jumbo spent an average of EUR 44.8 per person. The number of visits to Espoos Iso Omena shopping centre increased by 5.7% to a total of 9.3 million, with visitors spending an average of EUR 26.6. Myyrmanni shopping centre had 7.9 million visitors (up 1.3%), Sello 22.1 million visitors (up 0.9%), and City Forum 13.6 million visitors (up 0.7%). The number of visitors to Kamppi remained at 34 million. Itkeskus, now known as Itis, recorded 18.7 million visitors who spent an average of EUR 22.6. According to Juha Tiuraniemi, Managing Director of the Finnish Council of Shopping Centers, a major future trend is the increase in services consumers can purchase at the shopping centers.

Finland aims to become model for sustainable mining

Minister of Economic Affairs Jyri Hkmies welcomes environmentally aware international investors in the Finnish mining industry. Finland is taking measures with the aim of becoming a global model for sustainable mining activity, according to Finlands Minister of Economic Affairs Jyri Hkmies who participated at the PDAC 2012 event in Toronto Canada this month. It is possible to combine environmental values and mining activity through developing technologies and the environmental know-how of companies, said Hkmies at the event. He also emphasized the importance sustainable mining and a favourable political climate for the future development of the industry. In its recent report the Canadian Fraser Institute ranked Finland as the second most attractive location for the mining industry. A key factor for establishing a positive investment climate is the fact that the Finnish government has a clear and sensible mining policy vision that it is committed to, said Hkmies. The Fraser Institutes survey is based on the opinions of mining executives representing 802 mineral exploration and development companies on the investment climate of 93 jurisdictions around the world. Finlands mineral resources are attracting a lot of attention from international investors. Hkmies welcomed the investments and emphasized the high level of environmental requirements in Finland. He assured Finlands readiness to work together with the mining industry to develop mining activities that take the environment into account in a better way than before.

Opportunity analysis

Looking for a business opportunity in Finland? Once you have information about the business and industry environment, the next step is a close examination of business possibilities. With our assistance, you can identify sales opportunities, the highest value customer segments and the best sales channels. You will also be able to discover fresh untapped sales leads, clarify your prospects, assess undiscovered market segments, benchmark your current performance, understand existing target segments and analyse your potential competitors. Our professional consultants will be an extra resource for your business development team, providing valuable assistance such as in-depth market studies and feasibility assessments. We can help you decide on the best business opportunities for exploiting current and future trends. As physical location is a critical factor in most business operations, listing the potential alternatives is a vital step. Use of the consultation services we provide guarantees that you will be well positioned when you decide to make your move.

Invest in Finland at your service Whatever your needs are, Invest in Finlands experts will be pleased to help you. Our services are free of charge and always tailored to meet your precise needs.

Policy & Norms

Transparency of the Regulatory System The legal and enforcement framework for competition conforms to European Community praxis. Finland brought its law into full conformity with the prohibition-based system of EC competition law in May 2004. The Securities Market Act (SMA) contains regulations on corporate disclosure procedures and requirements, responsibility for flagging share ownership, insider regulations and offenses, the issuing and marketing of securities, and trading. The law defines and takes into account new instruments, which have become common in financial markets, such as securities lending and repurchase agreements. Finnish legislation recognizes the same internationally common financial market contractual arrangements as legislation elsewhere in the EU. Regulations concerning clearing of securities trades have been incorporated in the law since 1998. Clearing has become subject to licensing, and is supervised by the Financial Supervision Authority, which oversees the financial markets. Due, in part, to the separate implementation of several EC Directives during the last few years, the Finnish Ministry of Finance is currently contemplating a revision of SMA order to conceive a more uniform structure. Finnish tax, labor, health and safety, and related laws and policies are largely neutral towards the efficient mobilization and allocation of investment. Finnish legislation does not normally influence regional distribution of investment except when specifically designed to do so, such as through regional incentive programs. In Finland, the Act on the Openness of Public Documents of 1951 established the openness of all records and documents in the possession of officials of the state, municipalities, and registered religious communities.

Exceptions to the basic principle could only be made by law, or by an executive order for specific enumerated reasons such as national security. The openness of unsigned draft documents was not mandated, but up to the consideration of the public official. This weakness of the law was removed when the law was revised in the 1990s. The revised law, the Act on the Openness of Government Activities of 1999, also extended the principle of openness to corporations that perform legally mandated public duties, such as pension funds and public utilities, and to computer documents. Efficient Capital Markets and Portfolio Investment Credit is allocated on market terms and is made available to foreign investors in a nondiscriminatory manner. The private sector has access to a variety of credit instruments. Legal, regulatory, and accounting systems are transparent and consistent with international norms. The Helsinki Stock Exchange has since September 2003 been part of OMX, referred to as OMX Helsinki (OMXH). Since NASDAQ's acquisition of OMX in February 2008 the official name of the Helsinki exchange has been NASDAQ OMX Helsinki. OMX Helsinki is part of the NASDAQ OMX Nordic division, together with the stock exchanges in Stockholm, Copenhagen, and Iceland