Nordic-Baltic Ventures during the Early Post-Soviet Time: Some Company Examples
Nordic companies were quick to move into the post-Soviet Baltic region during the mid-1990s, as opportunities for investment became available. The early investors represent a variety of firms, large and small, and within different sectors, yet they exhibit some similar motives and experiences. This chapter will examine the early entry of Nordic firms into the Baltic region and describe some examples of different decision factors involved. The data are derived from descriptive interviews and site visits of 34 firms at their locations within Estonia, Latvia, Lithuania and St Petersburg, Russia. Results show that significant changes in operations have occurred for some companies since their initial investment, including transfer of ownership to either the Nordic or the Baltic side, and addition of new product or service lines as markets are discovered.
KeywordsForeign Direct Investment Audit Firm Baltic Country Baltic Region Early Entry
Unable to display preview. Download preview PDF.
- Business Central Europe (z000). ‘Monthly Statistics by Country.’ December.Google Scholar
- Bylund, E. (1960). ‘Theoretical Considerations Regarding the Distribution of Settlement in Inner North Sweden,’ Geografiska Annaler.Google Scholar
- Johansen, H.E. (1971). ‘Diffusion of Strip Cropping in Southwestern Wisconsin,’ Annals of the Association of American Geographers 61.Google Scholar
- Johansen, H.E. (1995). ‘Locating Western-Style Retail Outlets in the Former Soviet Baltic Rim: The Case of Neste Oy of Finland,’ in Tykkylainen, M. (ed.). Local and Regional Development During the zygo’s Transition in Eastern Europe. Aldershot, Avebury.Google Scholar
- Johansen, H. E., Snickars, E and Steinbuka, I. (zoos). ‘Nordic Investments in the Post-Soviet Baltic Frontier,’ Geografiska Annaler,series B, 4.Google Scholar
- Johansson, J. and Johansson, M. (1999), ‘Developing Business in Eastern European Networks,’ in Tornroos, J. and Nieminen, J. (eds). Business Entry in Eastern Europe. Helsinki, Kikimora Publications.Google Scholar
- Kivikari, U. (1996). The Legacy of the Hansa: The Baltic Economic Region. Helsinki, Otava Publishing.Google Scholar
- Lionberger, H.F. (1960). Adoption of New Ideas and Practices. Ames, Iowa State University.Google Scholar
- Snickars, F. and Bourennane, M. (z000). ‘Industrial Networking in the Baltic Sea Region.’ Presented at Meeting on Urban Systems and Urban Networking, VASAB 2010, European Commission Regional Development Fund, Hersholm, Denmark.Google Scholar