A regional competition That was established in 1992, in cooperation between Estonia and Finland. Therefore, it was called Estonian Finnish Physics Olympiad. The competition is considered as the last stage of training in the two countries. Thus, nominees from the competition participate in the International Physics Olympiad to represent their countries. 

In 2014, Latvia applied to join the competition, followed by Sweden in 2016; therefore, the competition was renamed. 

Each country that has participated in the establishment of the competition is permitted to have 20 contestants, while other countries are permitted to participate as guests with a specified number of contestants

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