Turku

Turku (Finnish pronunciation: [ˈturku] ( listen); Swedish: Åbo [ˈoːbu] ( listen) is a medieval city situated on the southwest coast of Finland at the mouth of the Aura River. It is located in the region of Finland Proper. It is believed that Turku came into existence during the end of the 13th century which makes it the oldest city in Finland. Turku quickly became the most important city in Finland and retained that status for hundreds of years until Finland became part of the Russian Empire in 1809 and the capital of the Grand Duchy of Finland was transferred to Helsinki in 1812. After that Turku continued to be the most populous city in Finland until the end of the 1840s. Today Turku remains a regional capital and is an important location for business and culture.

Because of its long history it has been the site of many important historical events and has extensively influenced Finnish history. For the year 2011, Turku has been designated to be the European Capital of Culture together with Tallinn, the capital city of Estonia. In 1996 it was declared the official Christmas City of Finland.

Due to its location, Turku is a notable commercial and passenger seaport city with over three million passengers travelling through Port of Turku each year to Stockholm and Mariehamn.

As of 31 January 2011, Turku’s population was 177,430, which makes it the fifth largest city in Finland by population. As of 31 August 2008 there were 303,492 inhabitants living in the Turku sub-region, which makes it the third largest urban area in Finland after the Greater Helsinki area and Tampere sub-region. The city is officially bilingual as 5.2 percent of its population identify as speaking Swedish as a mother-tongue.

The business district in the city's economy is centred around the Port of Turku and other service-oriented industries. The city is also a renowned high-tech centre – the Turku Science Park area in Kupittaa hosts over 300 companies from the fields of biotechnology and information technology, as well as several institutions of higher learning that work in closely with the business sector. This cooperative element is seen as a particularly important factor with regards to the city's expected future economic development, as outlined in the Turku Strategy that is published annually by the city council. Turku, with its good transportation network and close proximity to the Archipelago Sea, is also an important centre for tourism, frequently hosting various conventions and exhibitions.

As of 2007, the city's unemployment rate is 9.4 %. The problem of unemployment is however troublesome in the districts of Pansio, Lauste, and Varissuo, where it hovers at around 16 %.

The city collects an 18 per cent income tax (council tax) from its inhabitants, in addition to the progressively graduated taxation practised by the Finnish state. The total amount received through council tax in 2004 was projected at €400 million, a reduction of 1.0 per cent from the previous year.