• Wed. May 29th, 2024

The EU’s assistance is crucial for Eastern Finland

Byeditor

Mar 27, 2024

Eastern Finland’s companies are filled with desire and faith, but the state of Finland’s public finances necessitates a realistic approach. The impact of the Russian war of aggression has hit Eastern Finland hard, especially with the complete closure of the Russian border affecting the economy of the region.

The Finnish Confederation of Business and Industry (EK) has proposed a list of recommendations to revive the economy and vitality of Eastern Finland. Harry Broman, Chairman of the EC, 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 the strong determination and optimism of Eastern Finland’s companies, the difficult financial situation of Finland underscores the need for a realistic approach. The prospect of returning to normal trade relations with Russia is unlikely, and the imperative to maintain viability in the region weighs heavily on both economic and security considerations. Collaboration between public and private sectors is essential to drive growth and sustainability in Eastern Finland.

By editor

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