Today the idea of building a Common economic space from Lisbon to Vladivostok, presented at the St. Petersburg International Economic Forum, held June 16, 2016, continues to actively develop.
Nowadays the Arctic is seen by many countries as a strategic region due to huge reserves of hydrocarbon resources and the strengthening of the role of factors and conditions underlying the political and energy security of the leading industrialized countries. Industrial development of the Arctic involves intensive exploitation of hydrocarbon resources, the development of transport, production of biological resources.
On October 26th 2016 the fifth Norwegian-Russian Business Forum (NRBF) will be held in Oslo. Chair of the Board of the Norwegian-Russian Chamber of Commerce, Ms Liv Monica Stubholt, emphasizes the need for this Forum especially in this present situation:
The value of economic cooperation with Russia in the Kirkenes area totals NOK 765 million, states a report by Akvaplan-niva’s Rune Rautio. The crossborder economic activity creates some 280 jobs in the trading sector, public administration, education and research. The report is not based on the total activity in Kirkenes, but on a sample of 73 important companies and public bodies.