The City of Turku’s Attraction and Events area of responsibility operates as part of the Recreation Services of Turku, engaging in close cooperation with the City’s Central Administration, interest groups, event organisers and businesses.
The area of responsibility strengthens Turku’s attractiveness by promoting content that activates residents, experiential services, urban culture, events and awareness thereof, accessibility and cooperation between different operators.
Visit Turku (Tourism Services) offers versatile tourism services in the centre of Turku.
Visit Turku is a sales and marketing organisation that works in collaboration with the industry. Visit Turku also collaborates at the regional level, for example with the archipelago area and other nearby areas. The activity consists of tourist information, sales services, national and international sales and marketing as well as Turku Convention Bureau.
The new political model of leadership and structure of city bodies of Turku has taken effect on August 1, 2021. The highest executive authority of the city are represented by the Mayor and three Deputy Mayors.
The Mayor and the three Deputy Mayors make up the Mayoral body which directs and integrates the activities of the City, according to the decisions made by the City Council and City Board. The members of the Mayoral body are full-time officials.
The Cultural and Youth Committee is responsible for the tasks of a multi-member municipal body in accordance with the legislation on Recreation Services. The Cultural and Youth Committee is responsible for the development of services and promotes and supports activities by distributing grants to cultural and youth sector associations, organisations, youth action groups and grants to local artists in Turku.
The Cultural and Youth Committee consists of 13 members and an equal number of vice members chosen by the City Council for its operating period.
According to section 669 of the city council decision on adopted on 15 December 2009, the City of Turku will only accept e-invoices. The city's invitations to tender require that the supplier can send e-invoices. If the supplier cannot send an electronic invoice from its invoicing system, the supplier may use our Vendor Portal, which they can access free of charge.
We recommend that you make an e-invoice agreement in your own online banking facility. To make an e-invoice, you will need the reference number of your most recent invoice. Corporate customers have the option of receiving invoices from the City of Turku as e-invoices.
If you do not make an e-invoice agreement, a paper invoice will be sent to your home.
The Turku Urban Research Programme is a research collaboration and knowledge-brokerage initiative between the City of Turku, the University of Turku, and Åbo Akademi University, also involving co-operation with other universities and research institutes. The municipality aims to gain insights and policy advice, while universities benefit from the regional engagement and strengthening of urban scholarship, including the challenge to develop projects with both academic and practical relevance.
The City of Turku controls 63 subsidiaries, of which 54 are consolidated in the consolidated financial statements. Of the consolidated subsidiaries, three are foundations and 26 are housing and real estate companies. There are 25 consolidated associated entities and three joint municipal authorities. Three subsidiaries and five associated entities have been consolidated through the sub-group of the Joint Municipal Authority of the Hospital District of Southwest Finland.
At the end of the financial year, the balance sheet total was EUR 1,927.7 million. The increase compared to the previous year was EUR 139.6 million (7.8%). The surplus for the financial period increased equity by EUR 39.0 million (4.8%). The equity ratio increased by 1.4 percent points, being 44.2% at the end of the year (45.6% in 2020 financial statements). A level that exceeds 50% can be regarded as the general target level for municipal economies.
The City’s liquidity remained good throughout the year. At the end of 2021, the City’s cash reserves amounted to EUR 83.2 million (EUR 139 million in 2020 financial statements), not including investments in the City’s own funds. Cash reserves decreased by EUR 55.8 million in 2021. The cash reserves consisted only of cash, deposits in a payment transaction accounts and other deposits. The level of the cash reserves has had to be lowered due to penalty interests imposed by banks, i.e., negative deposit fees.
The City's investment expenditure was EUR 140.8 million in 2021 (EUR 75.8 million in 2020). An adjustment of EUR -4.6 million to the acquisition expenditure of investments made in previous financial periods has been considered in the comparison data. A financing share of EUR 2.1 million (EUR 3.4 million in 2020) was recorded for the investment targets. EUR 33.8 million (EUR 24.4 million in 2020) in capital gains were recorded. The investment expenditure fell below the budget of EUR 29.4 million.
The operating cash flow was positive by EUR 67.3 million (50.2 in 2020 financial statements) The increase in internal financing was influenced by central government’s measures to support municipal tax funding as well as the good development of municipal tax and corporation tax revenue and compensation for land use agreement payments and proceeds from realisation of assets.
The internal financing adjustment items correct the capital gains from non-current assets, which are presented in the investment cash flow – as well as losses amounting to a total of EUR 32.1 million.
Revenue from central government transfers amounted to a total of EUR 306.3 million, being EUR 30.2 million (-9.0%) less than the previous year. In 2020 and 2021, the Government granted support to cover the impacts of the coronavirus pandemic. In 2020, the aid was paid through central government transfers, while in 2021 the aid was granted as grants.
Determination of Turku’s tax revenue
Basis for tax revenue
Income tax rate (%)
Property tax rate (%):
During the year, the coronavirus pandemic, which has continued for another year, had a strong impact on the operating environment. However, the impact of the prevailing economic trend on both the general economy and the economy of the Turku region was more positive than expected.
The amount of labour used in person-years (all personnel) during the period 1 January – 31 December 2021 was 10,781.3. The use of labour in 2021 was 10,464.3, excluding employed persons, pupils and trainees, participants of relocation experiments and disabled persons in subsidised work.
The turnover data specific to the Turku sub-region produced by Statistics Finland will be available until the end of September 2021. The effects of the coronavirus pandemic have been reflected in the development of turnover and number of employees in both the Turku sub-region and the entire country. The decrease in turnover in all business sectors that began in the second quarter of 2020 continued in the Turku sub-region in the first quarter of 2021. In early 2021, turnover in the region decreased by 3.9% (entire country -0.3%) from the same date in the previous year.
The City's current financial plan contains a lot of uncertainty. The financial plan was drawn up in the autumn of 2021 with the help of the information available at the time. The health care and social services reform will change the tasks and funding of municipalities from the beginning of 2023. There is still no detailed information available on the changes to the funding of municipalities.
After the municipal elections in June 2021, Turku City Council made a historic decision exactly one hundred years after adopting the city manager model, the Council elected a mayor and three deputy mayors instead of a city manager. Before selecting the mayors, the City Council decided to approve the Mayor’s Programme for 2021–2025. It is particularly important that all the delegation groups committed themselves to the Mayor's Programme.
The summary presents the main points of the city of Turku's 2021 financial statements.
You can move from chapter to chapter by clicking on the titles below and the links at the end of the chapters.
The Group Division of the City Board is responsible for the development of corporate governance, and the corporate governance and the control of entities defined as strategic entities.
The Group Division has nine members, each with a personal vice member. The City Council elects the members of the Group Division for two years at a time.
Do you lack a venue for a meeting or for a festive event? Arkea’s Restaurant Nereidi can be transformed to a venue for a festive event for up to 180 persons.
The address of the restaurant is Postikatu 2 in the Pitkämäki region in Turku.
We also arrange festive events and other happenings with style in a professional manner. Please feel free to reach us via e-mail email@example.com or by phone +358 40 631 7586 to ask further information.