Economic Renaissance in Eastern Finland: Business Leaders Call for Special Economic Zone and EU Support Amid Political Tensions

The EU’s assistance is crucial for Eastern Finland

The Russian war of aggression has had a significant impact on Eastern Finland, particularly with the closure of the Russian border, which has affected the region’s economy. The Finnish Confederation of Business and Industry (EK) has proposed a list of recommendations to revitalize the economy and vitality of Eastern Finland.

Harry Broman, Chairman of EK, emphasizes the importance of cooperation between public authorities and business organizations to ensure that Eastern Finland can thrive. He suggests that the region be designated as a special economic zone to facilitate growth and development.

Broman highlights the urgent need for action in Eastern Finland, where businesses are filled with desire and faith but are facing significant challenges due to the conflict. 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. Broman also calls upon EU solidarity to support Russia’s neighboring countries facing significant challenges due to the crisis.

Despite strong determination and optimism among Eastern Finland’s companies, they face a challenging financial situation that requires a realistic approach. Returning to normal trade relations with Russia is unlikely given current political tensions, making it crucial for collaboration between public and private sectors in driving growth and sustainability in Eastern Finland.

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