28 January

The Soviet Union returns the Porkkala rental area to Finland.

15 February

Urho Kekkonen, presidential candidate of the Agrarian League, is elected President of the Republic. The votes of the electoral college in the third round are 151 for Kekkonen and 149 for K-A. Fagerholm. Kekkonen will eventually serve as President for 25 years. He is elected three times in presidential elections and once through an emergency law passed by the parliament.