Features of international and foreign economic relations of the Republic of Karelia

By 2005, the Republic of Karelia has reduced the gap in the levels of socio-economic development and people's living standards in comparison with the neighboring territories of Finland. After 2006, the Republic began to noticeably lag behind in terms of socio-economic development from neighboring subjects of the Russian North-West. The main reasons for the lag were the deterioration of the business climate and miscalculations in strategic planning, in particular, the rejection of medium-term planning for international and foreign economic activities. Karelia, faced with new external challenges and overcoming internal problems associated with a decline in the competitiveness of the region over the past 12 years, must take decisive measures. We are talking about the urgent need to improve the business climate, support medium and small businesses and create a comfortable environment for foreign economic activity. It should be noted that the Republic of Karelia, despite its border position, has more than modest results in the export of services...