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Top 10 facts about Finland

01.12.2021

1208

CONTENTS

1. Geography and population of Finland

2. Official language of Finland

3. Currency in Finland

4. Internet in Finland

5. Economic development in Finland

6. Job in Finland

7. Working days and holidays in Finland

8. Finnish mentality

9. Advertising in Finland

10. Cryptocurrency in Finland

1. Geography and population of Finland

Finland is located in Northern Europe. This is one of the most northern and geographically remote countries in the world with a rather harsh climate. Nearly 2/3 of Finland is covered with dense forests, making it the most densely forested country in Europe. Finland also forms the symbolic northern border between Western and Eastern Europe: dense wilderness and Russia in the east, the Gulf of Bothnia and Sweden in the west.

An excavation undertaken in 1996 led to a radical rethinking of time when humans inhabited Finland. Finds in a cave near Kristianstad in the southwestern part of the country have led some to assume that humans appeared here at least 100,000 years ago. The ancestors of the Sami appear to have lived in Finland around 7000 BC. NS.

General information about Finland:

• Capital: Helsinki

• Area: 338,440 km²

• Calling code: +358

• Internet top level domain: .fi

• Population: 5.54 million people

 

Population of Finland

The population is mainly concentrated in the south of the country, mainly in the region of the capital - Helsinki. This territory is home to about 27% of the total population, which is approximately equal to 1.5 million people. There are 9 cities in Finland with a population of over 100,000.

One of the key challenges for society in the future is adapting to demographic changes, especially an aging population. The share of the working-age population is declining, and a shortage of labor is predicted.

Big cities/ numbers of residents:

1

Helsinki

574,579

2

Espoo

241,589

3

Tampere

209,535

4

Vantaa

195,448

5

Turku

175,645

6

Oulu

133,541

7

Lahti

100,095

8

Kuopio

91,989

9

Jyväskylä

86,527

10

Pori

76,426

 

2. Official language of Finland

The official languages of Finland are Finnish and Swedish. The shares of speakers in 2020 were:

• Finnish 86.9%

• Swedish 5.2%

• Other languages 7.8%

Although the Swedish-speaking population is mainly concentrated on the southern and western coasts, Finnish and Swedish are equal languages throughout the country when communicating with the authorities.

At the end of 2020, the number of speakers of a foreign language was 7.8% of the population. The largest group of foreign-language speakers are those whose native languages are Russian, Estonian, Arabic, English, and Somali.

3. Currency in Finland

Finland introduced the EUR (€) in 2002. Euro banknotes are issued in denominations of 5, 10, 20, 50, 100, 200, and 500, and coins - in denominations of 5, 10, 20, and 50 cents, as well as 1 euro and 2 euros. One and two cents, used in most other eurozone countries, are not accepted in Finland.

4. Internet in Finland

• In January 2021, there were 5.27 million internet users in Finland.

• Between 2020 and 2021, the number of Internet users in Finland increased by 7,695 (+ 0.1%).

• The Internet using rate in Finland in January 2021 was 95.0%.

Since 2010, Finland is the only country in the world where Internet access is considered a legal right, not a privilege. The government argued that the Internet has become an integral part of modern society, just like water or electricity. While Finns still have to pay for Internet access in their homes, the government ensures that everyone in the country can use at least the minimum speed of broadband for free. They can also access the Internet for free in schools, universities, and libraries. Government and community projects provide access to high-speed fiber-optic broadband networks to remote areas.

 

5. Economic development in Finland

Finland's economic freedom score is 76.1, making it the 17th freest economy in the 2021 Index. The overall score for this Index increased by 0.4 points, primarily due to improvements in government spending. Finland ranks 10th out of 45 countries in the European region, and its overall score is above the regional and global averages.

6. Job in Finland

A person working in Finland usually earns about 4,690EUR per month. Salaries range from €1,190 (lowest average) to €20,900 (highest average, the actual maximum salary is higher).

This is the average monthly wages, including housing, transportation, and other benefits. The salary varies greatly depending on the profession. If you are interested in salaries for a specific position, check below for salary information.

Managers

€6,199

Administrative and commercial managers

€7,330

Specialists

€4,102

Doctors

€7,253

Primary and Early Childhood Teachers

€3,090

Technicians and Associate Professionals

€3,250

Associate Nursing and Midwifery Specialists

€3,058

Sales and purchasing agents and brokers

€3,920

Clerical workers

€2,711

Counting clerks

€2,772

Service and sales workers

€2,509

Staff

€2,480

Working trades and related occupations

€2,988

Machinists, assemblers

€2,997

 

7. Working days and holidays in Finland

January, 1st

New Year

January, 6

Epiphany

February, 14

Valentine's Day

April, 2nd

Good Friday

April, 4-5

Easter

May, 1st 

International workers day

May, 9

Mother's Day celebration

May, 13

Day of the Ascension of the Lord

May, 23

Pentecost

June, 25

Midsummer's eve

June, 26

Midsummer Day

November, 1st

All Saints' Day

November, 14

Father's Day celebration

December, 6

Independence Day

December, 24

Christmas Eve

December, 25

Christmas

December, 26

Saint Stephen's Day

8. Finnish mentality

Finns are short-spoken people with little time for small talk or social subtleties, so don't expect to hear phrases like “thank you” or “welcome” too often. Loud laughing is not typically for these people, and it can even annoy someone. Finns prefer spending time in nature rather than sitting in cafes and restaurants.

Another important quality in Finland is punctuality. The visitor should apologize for being late even if it is only a few minutes. Being late for a longer time (about 15 minutes or more) usually requires a short explanation.

“Sisu” is a term used to describe a specific trait that the Finns consider to be typically Finnish. “Sisu” is what makes the Finn grit his teeth and endure in spite of everything; continue to fight with a superior enemy; clear the forest with bare hands; keep winning the race even after falling.

 

9. Advertising in Finland

Finns are considered to be active consumers, where quality is the main purchasing factor. People also look at safety, product provenance, and brand image. Compliance with European standards is considered a quality guarantee. Finns prefer different ways of purchasing goods and services. Consumers will be surfing the Internet for quick purchases as well as shopping malls for more serious purchases. The popularity of shopping centers is growing (387 million visitors a year), and specialty shops are still visited. With high prices in Finland, the average Finnish basket is higher than in the rest of Europe. Consumer power plummeted in 2020. clearly this is due to the COVID-19 pandemic. Online shopping accounts for 7 to 10% of total retail purchases, but the sector continues to grow.

Finnish consumers shop online with all kinds of gadgets (from smartphones to desktops). Finns generally prefer domestic products, but international brands are also gaining more market share. However, foreign goods are purchased mainly when they are aimed at a specific segment.

Social media statistics for Finland:

• In January 2021, there were 4.46 million social media users in Finland.

• Between 2020 and 2021, the number of social media users in Finland increased by 250 thousand (+ 6.1%).

• The number of social media users in Finland was equivalent to 80.4% of the total population in January 2021.

10. Cryptocurrency in Finland

The registration of licenses for the exchange of cryptocurrencies is not regulated, but the scope and issues related to it are under the jurisdiction of the central regulator of Finland - the Financial Conduct Authority (FIN-FSA). The country is part of the EU, the Schengen Area, and, in the field of FinTech business and non-fiat funds, takes into account the provisions of European directives, positions in accordance with KYC and international AML standards. Thus, crypto exchanges, exchange platforms that take into account the potential of Finnish cryptocurrency licenses and want to legalize in the country, must:

• create a company in Finland with a registered capital of 50 thousand marks;

• open a bank account, create a "physical" office by renting or buying real estate;

• hire staff and directors (according to European requirements, they must have a financial or economic education and work experience in this area);

• draw up the documentation required by European regulators when applying for a cryptocurrency license.

• comprehensively analyze risks;

• protect customer information and transactions.

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