Peace talks between Finland and Soviet Russia start in Tartu.
At the Olympic Games in Antwerp, the Finnish team marches into the arena as an independent nation under the Blue Cross Flag. The Finnish team wins 34 medals altogether, comprising 15 gold, 10 silver and 9 bronze medals.
Finland and Soviet Russia sign a peace treaty in Tartu, Estonia. Finland gets Petsamo, and the eastern border is confirmed to be the eastern border of the former Grand Duchy of Finland.
Finland is accepted as a member of the League of Nations.
The parliament passes a Surname Act under which every Finn must have a surname.