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.

As iron ore prices reach a ten-year low Swedish mining giant LKAB has to start discharging workers.

Syktyvkar, capital of the Komi Republic, is declared the most dynamically growing city in the Russian part of the Barents Region.

Nickel industry in Siberia and on the Kola Peninsula is very good business for investors. Norilsk Nickel set to pay €2,1 billion in dividends for 2014.

A number of major corporations are calling for higher taxes on carbondioxide emissions and more ambitious climate goals than the red-green government.

Russia’s largest Arctic port has its biggest downturn in more than ten years, while neigboring Norwegian ports boost their volumes.

Russia’s ruble strengthened to below 53 to US Dollar on Thursday, up 32 percent since end of January. On the Norwegian side of the border, a new mall is hoping for more Russian shoppers.

The company which is to develop the grand infrastructure project in Murmansk is in deep trouble.

Iron-ore miner in Kirkenes has secured finances for another three months period, but warns about closure after June if situation doesn’t improve.

A stronger exchange rate for the ruble has brought more Russian customers back to shops in Finland. Some local retailers have reported a sharp rise in sales in recent weeks.

Government’s Pension Fund Global has bond investments worth NOK 89 million and owns shares worth NOK 1,13bn in Sberbank and NOK 2bn in VTB Bank.

The Government Pension Fund Global is now worth more than 7.000 billion kroner (€796 billion). If divided on the 5,2 million Norwegians, each one would have 1,35 million. That is five times the annual net income of a Swede.

The development of the Murmansk Transport Hub might be in jeopardy as costs swell and a key private investor seeks way out of the project.

Europe’s third-biggest low-cost airline Norwegian Air Shuttle is facing its biggest crises as a strike by pilots grounded almost all of its domestic flights in Norway, Sweden and Denmark since Wednesday.