economy

Economists are far from exuberant in their characterisation of Finnish finances. Words like dismal, weak, low-key and no change abound in their responses.(Jyrki Lyytikkä / Yle)

Zero growth at best for Finland: Yle Poll

Yle News
Posted: Tuesday, August 11, 2015 at 18:36 — Last Updated: Wednesday, August 12, 2015 at 15:38
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The nation was hoping for economic turnaround this year. Instead, 2015 threatens to become Finland’s fourth consecutive year of recession.

Figures from the Norwegian-Russian Chamber of Commerce show that total bilateral trade in first half 2015 dropped 28 percent year-on-year to a total of €672 million. (iStock)

Business Business (Norway) General Norway

Russian sanctions hit Norway hard

Atle Staalesen, The Independent Barents Observer
Posted: Thursday, August 6, 2015 at 13:36 — Last Updated: Thursday, August 6, 2015 at 18:26
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Norway and Russia reaches new low in economic cooperation It is Norway which appears to lose most from the sanction

Business Business (Finland) Finland General Special Features

Finland ‘shot itself in the foot’ creditor says of mining company saga

Yle News
Posted: Tuesday, June 23, 2015 at 12:42 — Last Updated: Tuesday, June 23, 2015 at 15:39
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A portfolio manager and major investment player in Finland’s troubled Talvivaara mining company says the Finnish state missed an opportunity

The northern port of Murmansk in Kol’skiy (Kola) peninsula on the Barents Sea. Eight fisheries companies are ready to invest in the Murmansk Special Economic Port Zone, regional authorities say.(Alexander Nemenov/AFP/Getty Images)

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Fishery hopes in Arctic Russia after gas project flame out

Atle Staalesen, The Independent Barents Observer
Posted: Wednesday, June 17, 2015 at 13:49 — Last Updated: Thursday, June 18, 2015 at 18:59
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The Murmansk Economic Zone was presented as a miracle cure for regional development and as key facility for the Shtokman

Finland's economic affairs minister Olli Rehn (pictured above in 2014) confirmed on Wednesday that the government is planning putting additional money into the troubled Talvivaara mining group. (Kostas Tsironis/AP)

Business Business (Finland) Finland General

Finland to sink 112m euros into Talvivaara mining

Yle News
Posted: Wednesday, June 17, 2015 at 13:26 — Last Updated: Wednesday, June 17, 2015 at 20:02
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Finland’s economic affairs minister Olli Rehn confirmed Wednesday that the government is proposing putting an additional 112 million euros into

An explosion near Tuktoyaktuk releases gravel at the beginning highway construction season in 2014. (CBC)

Business Business (Canada) Canada General

Construction season ends on Arctic Canadian highway

Eilís Quinn, Eye on the Arctic @arctic_eq
Posted: Wednesday, June 3, 2015 at 20:09 — Last Updated: Wednesday, June 3, 2015 at 20:54
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The second highway construction season between the Arctic Canadian communities of Inuvik and Tuktoyaktuk has come to a close. In

Diving oil prices will have a serious effect on Barents drilling. Gazprom Neft and Eni, the two companies which have production platforms in the area, will inevitably have to record major losses. (iStock)

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U.S. federal official says continued low oil prices could threaten trans-Alaska pipeline

Alex DeMarban, Alaska Dispatch News
Posted: Friday, May 29, 2015 at 13:45 — Last Updated: Monday, June 1, 2015 at 15:46
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The top official at the federal Energy Information Administration on Thursday said he’s concerned about the viability of the trans-Alaska oil

Business Business (Russia) General Russia

Russia’s Finance Ministry proposes steep budget cuts of state programs

Trude Pettersen, The Independent Barents Observer
Posted: Thursday, May 21, 2015 at 14:38 — Last Updated: Friday, May 22, 2015 at 15:42
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Ship building, space program and development of the Far East are the biggest losers in the ministry’s proposal to cuts

Business Business (Finland) Finland General

Finland facing EU warning over deficit

Yle News
Posted: Wednesday, May 13, 2015 at 17:55 — Last Updated: Friday, May 15, 2015 at 17:32
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The European Commission is set to warn Finland to rein in its state budget deficit and government debt after they

Employees of the Swedish company Lundin work on an oil derrick 21 September 2005, in Poligny, some 50 kilometers from Paris. (Damien Meyer/AFP/Getty Images)

Business Business (Norway) General Norway

Low oil prices taking toll on Norway drilling

Atle Staalesen, The Independent Barents Observer
Posted: Friday, May 8, 2015 at 13:50 — Last Updated: Friday, May 8, 2015 at 13:53
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The low oil price takes its toll on the Norwegian shelf. Companies are significantly reducing their activity level in Norway as

Oil transit and other pipelines in Arctic Alaska.(Al Grillo / AP)

Business Business (USA) General USA

ConocoPhillips predicts flat Alaska oil production for ‘three years and beyond’

Dermot Cole, Alaska Dispatch
Posted: Friday, May 1, 2015 at 14:10 — Last Updated: Monday, May 4, 2015 at 17:35
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ConocoPhillips expects that its Alaska oil production will remain relatively stable over the next three years thanks to new projects on the North

United States Secretary of State John Kerry leaves a news conference at the Arctic Council Ministerial meeting Friday, April 24, 2015 in Iqaluit, Nunavut. Ministers from the eight Arctic nations and the leaders of northern indigenous groups form the Council. (Paul Chiasson/The Canadian Press)

Arctic-Council-2015 Blog Canada General Politics Politics (Canada) Special Features Special Reports

Blog: Arctic Council Ministerial – Winners and Losers

Heather Exner-Pirot
Posted: Monday, April 27, 2015 at 13:43 — Last Updated: Thursday, August 26, 2021 at 14:04
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Canada’s Chairmanship of the Arctic Council concluded on Friday in Iqaluit. With the dust now settled, it’s time to review

Flags from participating nations are seen in the Nunavut Legislative Assembly in preparation for the Artic Council Ministerial Meeting Thursday, April 23, 2015 in Iqaluit, Nunavut. Ministers from the eight Arctic nations and the leaders of northern indigenous groups will met Friday in Iqaluit. (Paul Chiasson/The Canadian Press)

Blog Canada General Politics Politics (Canada) Special Features

Mining, environment and polar politics – Arctic week in Review

Eilís Quinn, Eye on the Arctic @arctic_eq
Posted: Friday, April 24, 2015 at 22:39 — Last Updated: Monday, April 27, 2015 at 20:29
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On this week’s news round-up, we bring you some of your most read stories on Eye on the Arctic this

Artist impression of the Akademik Lomonosov floating nuclear power plant, currently being built for the Siberian town of Pevek. (OKBM)

Business Business (Canada) Canada General

Floating nuclear power stations for Arctic?

Marc Montgomery, Radio Canada International
Posted: Tuesday, April 21, 2015 at 19:53 — Last Updated: Wednesday, April 22, 2015 at 20:08
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An Ontario company is proposing the idea of small floating nuclear stations to power mining sites and towns in the

The new shopping centre in Kirkenes is set to open in June. (Thomas Nilsen/Barents Observer)

Business Business (Russia) General Russia

Russia’s ruble is rebounding, will it boost border traffic?

Thomas Nilsen, The Independent Barents Observer
Posted: Thursday, April 9, 2015 at 21:52 — Last Updated: Friday, April 10, 2015 at 21:54
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Russia’s ruble strengthened to below 53 to US Dollar on Thursday, up 32 percent since end of January. On the Norwegian side