Eastern Finland: Recommendations to Boost Growth and Development in the Face of Challenges

The EU’s assistance is crucial for Eastern Finland

Despite the challenges faced by Eastern Finland, its companies remain hopeful and optimistic. However, the financial situation of the region necessitates a realistic approach to economic growth and development. The Russian war of aggression has had a significant impact on the economy of Eastern Finland, particularly with the closure of the Russian border.

In response to these challenges, the Finnish Confederation of Business and Industry (EK) has proposed a list of recommendations to revive Eastern Finland’s economy and vitality. Harry Broman, Chairman of EK, suggests that Eastern Finland should be designated as a special economic zone to facilitate growth and development in the region.

Broman emphasizes the importance of collaboration between public authorities and business organizations in addressing the seriousness of the situation in Eastern Finland. The implementation of a special economic zone would focus on accelerating business activities to create a healthy, growing economy that contributes to national GDP.

The recommendations include improving air connections to Eastern Finland, increasing investments in tourism, implementing a broadband program, and providing support for companies experiencing growth, skills shortages, and changes in ownership. The EU’s solidarity is also called upon to support Russia’s neighboring countries facing significant challenges due to the crisis.

While Eastern Finland’s companies remain optimistic about their future, they are acutely aware of the financial constraints facing them due to Russia’s aggression. They recognize that returning to normal trade relations with Russia is unlikely and that maintaining viability in the region requires collaboration between public and private sectors driving growth and sustainability.

Overall, while there are challenges facing Eastern Finland’s economy

Despite the challenges faced by Eastern Finland, its companies remain hopeful and optimistic. However, the financial situation of the region necessitates a realistic approach to economic growth and development. The Russian war of aggression has had a significant impact on the economy of Eastern Finland, particularly with the closure of the Russian border. In response…

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