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The MIKON flagship program in the Fram Centre is using both social and environmental sciences to examine how High North industrial development will affect the natural world, regional societies like the Sami and economic activity.

On the backdrop of political chill, trade between Finland and Russia is falling sharply. Also tourism between the countries is in a downswing.

The recession in Finland might be worse than feared, the country’s finance ministry informed today. The country’s GDP might in the course of the year shrink by five percent.

Photo: track-trans.info

The German Beluga Group will this year send one of its vessels on a test mission along the Northern Sea Route.

Murmansk administration (Barentsphoto.com)

The Murmansk Tax Service confirms that tax revenues in the region dropped 21,7 percent in the first quarter of the year. That has serious consequences for the regional budget.

Russian trawlers (BarentsObserver)

Overfishing in the Barents Sea has been reduced with 84 percent in the period from 2005 to 2008, Norwegian Minister of Fisheries and Coastal Affairs Helga Pedersen says.

Mining in Sami areas

The Sami Parliament demands that all companies engaging in mining activities in northern Norway pay a special fee compensating regional Sami communities. The Norwegian government wants it otherwise.

Furniture giant IKEA confirms that it considers the construction of a new warehouse in northern Norway. The city of Tromsø says it is negotiating several site locations with the company.

LKAB mines

The Swedish state-owned mining company LKAB in the second quarter of 2009 had a loss of 558 million SEK (54.7 mill EUR). That is one of the worst results ever for the mining major in northern Sweden.

No economical crises for the amount of cargo.

Murmansk downtown

Industrial production, investments and international trade is still considerably below 2008 levels, but the economy in Murmansk Oblast is in the process of recovery, the latest Barents Monitoring report reads.

The Russian nickel plant in the town Nikel near the border to Norway.

The Norwegian Government Pension Fund’s council of ethics that says the Russian mining and metallurgical combine Norilsk-Nickel factories are afflicting environmental damages which clashes with the fund’s guidelines.

Photo: government.ru

-In addition to the global warming challenges, we need to address “global cooling” effects and to do so promptly, Russia’s Prime Minister Vladimir Putin said at a meeting with the regional development minister.

The bus route will connect the gas capital in Finnmark with Murmansk twice a week.

New figures on Finnish exports and imports show that the Finnish industry still is in a state of crisis.