Kundrati

[hyraemous]

The newspaper header was made by myungdae06_ on Discord upon request.

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President Tiberius Claudius Nero announces the start of the Five Year Plan

[31 January 5624]

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The five-year economic plan was introduced today at a meeting of the National Assembly in Jildrati City. This plan is the first of many five-year plans, with the hope that the Free Zone (Etxea) can begin revitalizing its economy.
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The sum of the Five Year Plan is to obtain various loans from Luthorian and Dundorfian banking companies. With these loans, there will be investment in indigenous tech companies, including factories for the production of consumer technology, computer chip fabrication plants, and plans for indoor agricultural programs. These factories will be situated on the outskirts of Jildrati City and in the general area outside Jildrati City, which will have highway and port connections. The hope is that tech companies can export chips to Etxea for cheap due to the large amount of manpower that Etxea has, which is looking for affordable work and training opportunities.
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President Claudius Nero also announced in this plan that there would be massive tax breaks for Luthorian and Dundorfian companies that place long-term investment in the Union economy via the Free Zone alongside international financing and technology companies. As the island recovers from the recent war, the plan is to demolish ruined buildings and open up space for companies to build factories and headquarters. The Government has also announced via this plan that they will work on upgrading the school infrastructure and establishing the University of Etxea. The President plans to look to Egelion and other various Seleyan and Dovani states to implement their various features for the improvement of Etxean education.
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In addition, there will be a massive focus on transportation. The President emphasized that Etxea's location near the Artanian Sea would benefit it if the island were used as a significant port-as-a-state. As a result, he announced that the Jildrati City Naval Yard will close and the yard will be rearranged as a civilian port. Port infrastructure and investment in storage for oil, containers, and various transportation infrastructure will allow the Port of Jildrati City to be renamed the Port of Etxea and become a premier Artanian port. This project will take at least five to ten years. The President hopes that the ETA can be wound down with the help of various Artanian and Seleyan investors.
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Finally, the President has begun talks to encourage former banking giants Tomasadyn National and Etxea Bank to return to Etxea now that a part of Kundrati is free from the stain of Legionaires. The talks are going well, and it is hoped that those two banks will return to Kundrati somehow. Talks are also being worked on with the Lirnak Technological Investment Bank and various Kundrati technology companies like ArtSat.