The EU’s assistance is crucial for Eastern Finland
Economy

Eastern Finland Bounces Back: The Urgent Need for a Special Economic Zone and Business Support in the Aftermath of the Russian War of Aggression

In the aftermath of the Russian war of aggression, Eastern Finland has been hit hard, especially 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 the EC, suggests that Eastern Finland should be designated as a special economic zone to facilitate growth and development in the region. He emphasizes the seriousness of the situation in Eastern Finland and highlights the need for cooperation between public authorities and business organizations to enable the region to thrive.

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 among Eastern Finland’s companies, financial challenges weigh heavily on both economic and security considerations. A realistic approach is necessary to drive growth and sustainability in Eastern Finland while maintaining viability in a difficult financial situation.

Collaboration between public and private sectors is essential to achieve these goals. The implementation of a special economic zone would accelerate business activities by creating a healthy growing economy that contributes positively to national GDP. With these measures in place, Eastern Finland can overcome its current challenges and emerge stronger than ever before.

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