Ok... here's what I think...
Denmark: 7 territories with 3 borders gets a +5? That's too much... 7 territories is easy to take, and 3 borders to defend - not to mention you can take SkƄne and reduce the borders to 2 - I'd give it a +4 at most...
Baltic sea islands: there you have 4 territories, although scattered, but why do they give a +5? They'll be easy to combine with other bonuses, so I'd drop them to +3.
Finland as a whole looks ok, although frankly I don't understand why you divided it into west and east...
Oops, it's getting late, I'll try to comment more in detail later... just briefly I have to say, about the Sweden bonus... who'd ever even hold it? It's almost half of the map, in territories... funny... but still, good job with the map, I look forward to playing it