Nykøbing Falster other cities in Denmark with the name of Nykøbing. Nykøbing Falster is the seat of state and regional authorities. In addition to those two namesakes, a city in Sweden is called Nyköping, which means exactly the same in the closely related language. There is a 0.5 kilometer long commercial district, walking street ("gågade") on the Falster side of the city with a wide selection of shops. At the end of the street is a large plaza where special events are arranged. These include popular late-night events, which are held several times a year. It has a large central library in
Nykøbing Falster Hat" in Danish) is in existence today. From 1970 to 2006, Nykøbing was the administrative seat of the former county of Storstrøm. On 1 January 2007, the former Nykøbing Falster municipality merged with Nysted, Nørre Alslev, Sakskøbing, Stubbekøbing, and Sydfalster municipalities to form Guldborgsund municipality. This "Kommunalreformen" ("The Municipality Reform" of 2007) created a municipality with an area of and a total population of 63,533 (2005) and will belong to the new Region Sjælland ("Zealand Region"). The former Nykøbing Falster municipality covered an area of with a total population of 25,483 (2005). The city has a few noteworthy buildings, including