The effects of the world-wide recession and the sudden decrease in the Finnish export to Russia led to deep repercussions in Finland. Starting from a few years back the economy is, however, recovering. Especially the export industry has recovered, mainly due to the lower production costs which has brought competitiveness to the Finnish industry. The Government has succeeded in not increasing the public expenditure. Furthermore, starting from January 1, 1995, Finland has been a member of the EU.
One other feature deriving from the recession is, that companies increasingly have been interested in concentrating on their core businesses. The other side of the coin is obviously, that there might be interesting acquisition targets in Finland. The fact that the legal framework for mergers and acquisitions is being adapted to the international market, and the relatively low prices for shares on the Helsinki Stock Exchange may be additional issues to consider when choosing acquisition
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