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In total, the value of the markka had decreased 40% as a result of the recession. Also, as a result, several entrepreneurs who had borrowed money denominated in foreign currency suddenly faced insurmountable debt. [8] Inflation was low during the markka's independent existence as a floating currency (1992–1999): 1.3% annually on average. [5]
Helsinki [a] [b] is the capital and most populous city in Finland.It is on the shore of the Gulf of Finland and is the seat of southern Finland's Uusimaa region. About 684,000 people live in the municipality, with 1.26 million in the capital region and 1.6 million in the metropolitan area.
The area is located in the southern part of Finland on the shores of the Gulf of Finland and is an important growth centre with a population of 1.26 million. The municipalities of the capital region have a legal obligation to cooperate in the areas of waste management and public transport, with HSL being responsible for public transport and HSY ...
Finland covers a total area of 338,145 square kilometres (130,559 sq mi), including a land area of 303,815 square kilometres (117,304 sq mi), [4] and has a population of 5.6 million. [10] Helsinki is the capital and largest city. The vast majority of the population are ethnic Finns.
The following is a list of cities and towns (Finnish: kaupunki, Swedish: stad) in Finland.[a] The basic administrative unit of Finland is municipality.Since 1977, there is no legal difference between towns and municipalities, [1] and a municipality can independently decide to call itself a city or town if it considers that it meets the requirements of an urban settlement. [2]
The Mint of Finland has produced the euro coins of Estonia, [2] Greece, Luxembourg, Slovenia, Cyprus and Republic of Ireland [3] as well as the coins of the Swedish crown since 2008, which ended the more than thousand-year-old minting tradition in Sweden. [4] Since 2017 it has also held the contract for minting coins of the Danish krone. [5] [6]
Human capital or human assets is a concept used by economists to designate personal attributes considered useful in the production process. It encompasses employee knowledge, skills, know-how, good health, and education. [1] Human capital has a substantial impact on individual earnings. [2]
The flag of Finland Location of Finland. Finland, officially the Republic of Finland, is a Nordic country in Northern Europe. It borders Sweden to the northwest, Norway to the north, and Russia to the east, with the Gulf of Bothnia to the west and the Gulf of Finland to the south, opposite Estonia. Finland covers a total area of 338,145 square ...