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Ministry for Foreign Affairs of Finland

Team Finland in the Czech Republic - Embassy of Finland, Prague : Team Finland

EMBASSY OF FINLAND, Prague

Hellichova 1, 11800 Prague 1, The Czech Republic
Tel. +420-2511 77251, E-mail: sanomat.pra@formin.fi
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Team Finland in the Czech Republic

The Team Finland network promotes Finland and its interests abroad: the internationalisation of Finnish enterprises, investments in Finland, and the country brand. The Team Finland operating model brings together the key actors and services in these fields. The core of the network consists of the publicly funded organisations operating in these fields, such as the ministries, Finland’s network of diplomatic missions, Finpro, Tekes, national culture and science institutes, Finnvera, Finnfund, and the regional internationalisation services, built upon the ELY Centres.

The Team Finland network will help your enterprise become more international, grow, and succeed in the global market. For more information on services to companies seeking internationalisation, see: http://team.finland.fi/en/services .

Contact persons for Team Finland in the Czech Republic

Coordinator:
Johanna Salovaara-Dean, Minister Counsellor
Finnish Embassy in Prague
Tel. +420 251 177 257
johanna.salovaara-dean(at)formin.fi

Chair:
Helena Tuuri, Ambassador of Finland to the Czech Republic

In trade and commercial enquiries:


Kirsi-Maarit Poljatschenko, Finpro's Head of Region, East Europe

Mobile: +48 57 2727 030
E-mail: kirsi-maarit.poljatschenko@finpro.fi

Head of Region answers to inquiries regarding East Europe in broader sense.

Objectives of the Team Finland network in the Czech Republic

The primary objective is to encourage Finnish, especially small and medium-sized companies to interest more actively in the markets of the Czech Republic. This will be carried out by sharing information, arranging visits and seminars and providing other support services by the Embassy and Finpro. There are about 100 Finnish companies operating or being represented in the Czech Republic, out of which over 10 are engaged in manufacturing. There is space for new Finnish establishments.

The Czech Republic is an attractive, yet a challenging operational environment. Country's old industrial tradition, strong engineering and electromechanical knowhow, availability of educated engineer and other work force, reasonable level of salaries, prices and costs, and a favourable location in the centre of Europe have drawn masses of foreign direct investments into the country, in growing numbers from Asia. Czech manufacturing industry is strongly integrated into German-led value chains. The economic outlook is positive. Open markets with intensive competition and potential corruption especially in public procurements bring challenges.

Finland's deepening trade deficit in our bilateral trade needs to be reduced. Most promising fields of cooperation are considered to be education, energy and environment sector (cleantech) and engineering industry. There are also concrete possibilities in ICT sector.  For Finnish consumer goods and design products the Czech Republic is a market with substantial purchasing power. Parallel investments in new nuclear power in Finland and the Czech Republic should lead to mutual business opportunities also in this field. Subcontracting and equipment supplies to global companies established in the Czech Republic are a worthy market, as is integrating into value chains. The Czech Republic places greater emphasis in increasing its exports outside the Eurozone.

Other objectives include burnishing and strengthening Finland's country brand in the Czech Republic. This will be done by presenting Finland as a business environment and Finnish knowhow, by supporting events involving Finnish culture or artists, or by tapping into the mutual interest in ice hockey as a connecting factor between both countries. Our positive country brand not only helps to promote Czech investments in Finland but also indirectly supports Finnish companies in the Czech Republic.

From the second half of 2015 onwards the network encompasses also Slovakia.

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Updated 1/30/2017


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