Finland is a country in Scandinavia, bordering Sweden to the west and Russia to the east. It is separated from Estonia to the south by the narrow Gulf of Finland. Finland has belonged to the EU since 1995 and has used the euro since its introduction in 2002. Electronics is a major industry, and Finnish companies’ large investments in research and development have made them leaders in this field. Finland also produces industrial machinery (particularly motors), chemicals, wood pulp and paper. It is known globally for its clean government, transparency and excellent business climate.