Baltic Rim Economies 5/2022
Special issue on Construction & Reconstruction
Published on the 21st of December 2022
When Rail Baltica will be completed it will show where we chose to be
“Since 24 February we live in a completely new reality following Russia’s unprovoked and unjustified military aggression against Ukraine. The EU has shown immense solidarity with Ukraine from day one: politically, financially, militarily and with massive restrictive measures against Russia to reduce its capacity to wage this war. Within days of Russia launching its military aggression against Ukraine, we had imposed the largest sanctions packages of our Union’s history. The extent and weight of these sanctions are unparalleled. These measures increase the cost for Russia to carry out its inhumane military intervention and place a considerable constraint on its military capabilities. Our aim is to cut off the Kremlin’s capacity to wage war on its neighbours.”
Henrik Hololei
Director-General for Mobility and Transport
European Commission
Security implications of the Baltic Pipe Construction Project
“The Baltic Pipe is a strategic infrastructure project aimed at creating new gas supply opportunities on the European market. It will enable the transmission of gas directly from deposits located in Norway to Denmark and Poland, as well as to customers in the neighboring countries of Central and Eastern Europe. Baltic Pipe will also enable bi-directional gas transmission from Poland to Denmark.”
Andrzej Fałkowski
Dr., Lt. Gen. (Ret.), Former Deputy Chief of General Staff (DCHoD) of the Polish Armed Forces
Senior Fellow
Casimir Pulaski Foundation
Poland
The Russian invasion war will not collapse the Finnish economy, but it revealed weaknesses
“The Finnish economy was in good shape at the beginning of this year. However, the full picture of the economy changed once again when Russia began their attack on Ukraine. The economy is still growing at a good pace this year, thanks to the strong performance last year and at the beginning of this year. Next year, the growth forecasts are on both sides of zero.”
Aleksi Randell
Director General and CEO
Confederation of Finnish Construction Industries RT
Finland
Finnish construction export changes its form
“Last fall, I sat for the second time on the jury, which selects a construction project completed or to be completed during the current year as the building project of the year. Finnish Association of Civil Engineers, RIL ry. awards the annual RIL award to the construction work, site or concept that best represents high-class, high-quality and innovative Finnish civil engineering skills. The award was solemnly handed out at Helsinki’s Säätytalo on November 24, and MP Elina Valtonen, who acted as the chief judge, announced Espoo’s Blominmäki wastewater treatment plant as the winner of the RIL award. Overall, it is rightly said to be the most significant public sector investment for decades to protect Baltic Sea’s environment. It was noteworthy in the distribution of the awards that an honorable mention was given to the spectacular bridge with its arched pylons over the Saigon River built in Ho Chi Minh City in Vietnam and designed in Finland. The award was a recognition of Finnish export of construction know-how and design in 2022.”
Kimmo Lundén
Business Reporter, M.Sc. (Economics)
Newspaper Maaseudun Tulevaisuus
Finland