Ministry of Economic Affairs and Employment

What Ministry of Economic Affairs and Employment does

The Ministry of Economic Affairs and Employment (Työ- ja elinkeinoministeriö, TEM) is a constituent ministry of the Finnish Government (Valtioneuvosto) responsible for economic affairs, employment, enterprise policy, energy and climate, competition and consumer policy, regional development, labour migration and integration, and security of supply. Headquartered in Helsinki, the ministry creates the statutory framework for economically, socially, and ecologically sustainable growth, productive employment, and Finnish business competitiveness. Its mandate is delivered through an administrative branch comprising 18 government agencies, 5 state-owned companies, and 3 off-budget state funds, and from January 2026, ten newly established Economic Development Centres (Elinvoimakeskukset) with offices in every region.

The ministry operates a portfolio of public-service portals and EU coordination systems rather than commercial products, including Suomi.fi Yritykselle (centralized business service point), the EU Internal Market Information System (IMI) for cross-border administrative cooperation, SOLVIT for single-market dispute resolution, the Yritystukien tietopalvelu (Business Support Information Service), SpaceFinland.fi, Rakennerahastot.fi, and the Kirjanpitolautakunta advisory service. It coordinates with the European Commission, other EU member states, the WTO, the Nordic Council, and the SOLVIT and IMI networks on internal market, technical regulation, and trade matters under Directive (EU) 2015/1535 and the WTO TBT/SPS agreements.

The ministry is wholly state-owned and funded through annual budget appropriations under Eduskunta (Parliament) oversight. It has no commercial pricing model and no external shareholders. Communications are delivered through official channels (tem.fi), press releases, RSS, and social media in Finnish, Swedish, and English. Recent leadership includes Minister of Employment Matias Marttinen, Minister of Economic Affairs Sakari Puisto, and Minister of Climate and Environment Sari Multala, with active 2026 regulatory consultations on employer negligence penalties and residence permit procedures to combat labour exploitation.

Name

Ministry of Economic Affairs and Employment

Legal name

Työ- ja elinkeinoministeriö

Website

https://tem.fi

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

251–500 employees

Short description

The Ministry of Economic Affairs and Employment (Työ- ja elinkeinoministeriö) is Finland's government ministry responsible for economic, employment, energy, and regional policy, serving Finnish businesses, workers, regions, and energy stakeholders through 18 agencies and 10 regional Economic Development Centres.

Ownership category

akta.pro rank

Product category

Government Administration and Economic Policy

NAICS

Administration of Economic Programs (9261), Administration of Human Resource Programs (9231), Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors (926150)

akta.pro industry

PRIMARYBPAIAAAL

Trade, Industry & Economic Development Administration

Business & Public Services/Public Sector & Government Administration/Central/Federal Government Administration

SECONDARYBPAIAAAM

Labor & Employment Administration (Workforce Regulation & Programs)

Business & Public Services/Public Sector & Government Administration/Central/Federal Government Administration

Keywords

• Economic policy administration
• Employment services
• Energy and climate policy
• Regional development services
• Business regulation framework

Headquarters

HQ city

Helsinki

HQ country

Finland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Others

Distribution channels4 records

Marketing channels4 records

Core offering

The Ministry of Economic Affairs and Employment is the Finnish government ministry that designs and implements national policy frameworks for economic affairs, employment, enterprise, energy, climate, competition, regional development, labour migration, integration, and security of supply. It operates a portfolio of government service portals, advisory bodies, regional Economic Development Centres, and EU-coordination systems that deliver public services to Finnish businesses, workers, regions and international partners.

Product overview

The Ministry of Economic Affairs and Employment operates a portfolio of government service portals and administrative information systems rather than a commercial product. Key offerings include Suomi.fi Yritykselle (centralized business service point), the EU Internal Market Information System (IMI) for cross-border administrative cooperation, SOLVIT for single market dispute resolution, and the Yritystukien tietopalvelu (Business Support Information Service). Regional services are delivered through Elinvoimakeskukset (Economic Development Centres) established in 2026. Additional sector-specific portals cover space (SpaceFinland), EU structural funds, and accounting advisory services through the Kirjanpitolautakunta.

Differentiator

Problem solved

Functional benefit

Brands

• Suomen kestävän kasvun ohjelma (Sustainable Growth Programme): Programme boosting competitiveness, investment, research, development and innovation as well as measures to raise skill levels
• Talent Boost
• SpaceFinland
• Elinvoimakeskukset (Economic Development Centres)

Products and services

• Suomi.fi Yritykselle (Finland.fi for Business) Centralised service point for service enterprises providing information on business establishment, licensing, notification and registration procedures. It serves as Finland's implementation of the EU Service Directive's one-stop-shop requirements for businesses.
• EU:n sisämarkkinoiden tietojenvaihtojärjestelmä (IMI) - Internal Market Information System Electronic platform for cross-border administrative cooperation between EU member states, enabling authorities to exchange information, conduct monitoring, and cooperate on single market legislation, service directive notifications and professional qualifications.
• SOLVIT EU-wide problem-solving network that handles problems caused by public authorities failing to apply EU law correctly, particularly in cross-border business situations within the single market, coordinated by the ministry on behalf of Finland.
• Yritystukien tietopalvelu (Business Support Information Service) Public information service containing data on granted and paid business support by business ID, designed to improve transparency, monitoring, and information on support targeting and development.
• Elinvoimakeskukset (Economic Development Centres) Multi-sectoral state regional administration organised into ten Economic Development Centres with offices in each region from January 2026, providing coordinated government services to businesses and regions.
• Yhteistoiminta-asiamies (Cooperation Ombudsman) Service Comprehensive information package on cooperation (yhteistoiminta) at workplaces and the activities of the Cooperation Ombudsman, providing guidance on employer-employee cooperation practices.
• Rakennerahastot.fi Online service for EU regional and structural policy programmes, providing information on funding opportunities and programme management.
• SpaceFinland.fi Website presenting Finnish space sector companies and research, as well as Finnish space administration, promoting Finland's space industry.
• Kirjanpitolautakunta (Accounting Board) Service Service providing guidelines and statements from the Accounting Board operating in connection with the Ministry, helping businesses with accounting requirements.
• Tuoteyhteyspiste (Product Contact Point) Point of contact providing information on product requirements in Finland, supporting free movement of goods within the EU single market.

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core, major and moderate.

• EU Commission and Member StatescoreStrategic or Co-development PartnerThe Ministry coordinates with the European Commission and other EU member states on internal market issues, trade barriers, and regulatory matters. The ministry receives notifications of technical regulations from other member states and coordinates Finland's responses within the EU framework established by Directive (EU) 2015/1535.
• Economic Development Centres (Elinvoimakeskukset)coreStrategic or Co-development Partner10 regional Economic Development Centres established in 2026 that form a key part of the ministry's regional service delivery network. They operate under the ministry's administrative branch with offices in every region.
• 18 Government Agencies Under Administrative BranchcoreStrategic or Co-development Partner18 government agencies subject to performance guidance operating within the ministry's administrative domain, covering employment services, enterprise development, energy, and regional development functions.
• WTO (World Trade Organization)majorStrategic or Co-development PartnerThe ministry participates in WTO notification procedures for technical regulations that may have significant effects on world trade, following WTO TBT (Technical Barriers to Trade) and SPS (Sanitary and Phytosanitary) agreements.
• SOLVIT NetworkmajorStrategic or Co-development PartnerSOLVIT is an EU-wide network for solving internal market problems faced by businesses without going to court. The ministry coordinates Finland's participation in this problem-solving network for trade barriers.
• Internal Market Information System (IMI) NetworkmajorTechnology or IntegrationThe IMI system is an electronic platform for cross-border administrative cooperation between EU member states. The ministry uses IMI for service directive notifications and cooperation on professional qualifications and internal market matters.
• Nordic CooperationmoderateStrategic or Co-development PartnerThe ministry participates in Nordic cooperation on economic affairs, employment, and related policy areas through established Nordic ministerial cooperation structures.

Scale indicators4 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• German Federal Ministry for Economic Affairs and Climate Action (BMWK): Germany's federal ministry combining economic affairs with energy and climate policy, closely aligned with TEM's combined economic and energy/climate remit.
• U.S. Department of Labor: U.S. federal executive department responsible for workforce development, labour standards and employment policy — directly comparable to TEM's employment and labour-market functions.
• U.S. Department of Commerce: U.S. federal executive department covering economic growth, trade, technology, enterprise competitiveness and standards — the closest U.S. analogue to TEM's economic affairs and enterprise portfolio.
• European Commission – DG Employment, Social Affairs and Inclusion (EMPL): EU directorate handling employment policy, labour mobility and skills — the supranational counterpart to TEM's employment, Talent Boost and labour migration portfolios.
• European Commission – DG GROW (Internal Market, Industry, Entrepreneurship and SMEs): EU-level directorate with mandate over industrial policy, single market and SME competitiveness, mirroring TEM's enterprise and internal-market roles and the EU partnerships TEM participates in.
• Danish Ministry of Industry, Business and Financial Affairs (Erhvervsministeriet): Danish ministry responsible for business, industry and financial regulation, with a comparable remit to TEM on enterprise policy, competition and financial sector oversight.
• Swedish Ministry of Climate and Enterprise (Klimat- och näringslivsdepartementet): Nordic counterpart combining enterprise, climate and energy policy within a single ministry — the closest Nordic structural analogue to TEM.
• Norwegian Ministry of Trade, Industry and Fisheries (Nærings- og fiskeridepartementet): Norwegian ministry responsible for trade, industry and enterprise policy — directly comparable Nordic peer covering business competitiveness, trade and industrial development.
• UK Department for Business and Trade: UK ministerial department covering business growth, trade, enterprise and investment — a direct counterpart to TEM's enterprise, trade and internationalisation functions.

Regional players

• Finnish Ministry of Finance (Valtiovarainministeriö): Domestic peer operating in the same national jurisdiction; while not a direct competitor, it shares governance over Finland's economic policy framework, state budget and fiscal administration that shape TEM's funding.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xtwitter.com/tem_uutiset
• YouTubevideo.valtioneuvosto.fi/fi/search?keyword=Ty%C3%B6-+ja+elinkeinoministeri%C3%B6
• LinkedInlinkedin.com/company/ministry-of-employment-and-the-economy
• Facebookfacebook.com/tyojaelinkeinoministerio

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ministry of Economic Affairs and Employment