Minister of Economic Affairs Mika Lintilä in Pietarsaari 26th of January 2017

Ministry of Economic Affairs and Employment 27.1.2017 13.40
Speech

Beamex Inauguration

Ladies and Gentlemen,

I am very glad to be here today. This investment is an example of the kind of drive and confidence we need more in Finland today.  Through its own actions, Beamex is demonstrating that it is indeed worth investing in Finland.

The tide is now turning. We are finally in a situation where the economy is growing and people’s faith in the future is returning. We must do everything we can to support this trend.

The government’s goal is to raise the employment rate to 72 percent However, it is clear that the public sector cannot create very many of the much needed new jobs. This task falls on the shoulders of small and medium-sized businesses across the country.

It is high time for everybody to admit the key role these businesses play in the creation of growth. Sustainable growth is possible only if we have enough companies with the will and means to grow.

The role of the public sector is to create a solid framework for this. I firmly believe that businesses will invest, grow and create jobs, provided that the conditions for this are in order.

The most important step in this direction was, of course, the competitiveness pact signed last summer.  The Ministry of Finance estimates that the pact will help create 40 000 jobs in the near future.

However, the pact alone will not be enough to reach the targets set in the government program. That is why we have come up with a broad range of measures aimed at improving the overall business environment for companies.

These include, for example, tax reforms that help businesses generate their own capital for new investments; new tools of public financing; opening the market to competition and cutting red tape. These are just to name a few.

As you can see, there are a large number of important reforms well on their way.

Finland has for long been among the top nations in investing in research, development and innovation. However, on a national level we fail to turn these investments into export products.

That is why we have asked the OECD to have a closer look at our innovation system. Investments in research and education must be better reflected in our national economy.

Perhaps we should take note of how things are done here. Beamex company has a slogan: “We exist to provide a better way to calibrate”. I would like to stop on the word “better” for a moment. It tells what successful business is all about: a never-ending search for new and improved solutions.

As a small nation with limited amount of natural resources, we must rely on our skilled workforce and world-class innovations. I can see that this is just what this company has done. Beamex would not be one of the leading companies in the world in its field, without its top class personnel, innovative spirit and the will to always do better.

This year we celebrate the 100th anniversary of our independence. We have been given so that now is our time to give back. So let your gift to the hundred-year-old Finland be this – to invest and employ.

Finally, I would like to congratulate Beamex on this very important day in the history of the company; and to wish all of you the best of success also in the future.

Thank you.

Mika Lintilä