The Russian war of aggression has hit Eastern Finland hard, particularly with the complete closure of the Russian border, affecting the region’s economy. To revive the economy and vitality of Eastern Finland, the Finnish Confederation of Business and Industry (EK) has proposed a list of recommendations. 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 seriousness of the situation in Eastern Finland, highlighting the need for cooperation between public authorities and business organizations to enable the region to thrive. The implementation of a special economic zone would focus on accelerating business activities to create a healthy, growing economy that contributes to the 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, which are facing significant challenges due to the crisis.
Despite strong determination and optimism from Eastern Finland’s companies, Finland’s difficult financial situation necessitates a realistic approach. Returning to normal trade relations with Russia is unlikely due to its ongoing conflict with neighboring countries. Therefore, collaboration between public and private sectors is essential to drive growth and sustainability in Eastern Finland while considering both economic and security concerns.
Overall, these recommendations aim at creating an environment conducive for businesses to thrive while addressing broader issues such as infrastructure development and foreign investment attraction. By implementing them effectively, it may be possible for Eastern Finland to overcome its challenges and contribute positively towards Finnish society as a whole.
