Russian VTB bank to finance the construction of icebreakers
By Elizaveta Vereykina, The Independent Barents Observer Amid sanctions, the importance of the Northern Sea Route rises. The Russian-sanctioned bank
Read more
finance
Arctic refuge oil rights auction faces uncertain response
Oil and gas companies are unsurprisingly remaining quiet about their intentions, says one industry player The Trump administration is preparing
Read more
U.S. government makes proposal that could limit bank pullback of Arctic oil, gas funds
It follows move by large U.S. banks that plan to ban or limit investments in Arctic oil and gas projects
Read more
Norwegian wealth fund’s value in Russian company Gazprom more than doubled in 2019
The world’s largest sovereign wealth fund enjoyed a very good year on both the Russian stock and bond markets. The
Read more
Swedish authorities OK Nordea bank’s HQ move from Stockholm to Helsinki
Regulators in Sweden have given Nordic banking giant Nordea the green light to relocate the bank’s headquarters from Stockholm to
Read more
How alternatives to traditional banking can help rural Alaskans
About a dozen people, including a baby, sit in a classroom at the Knik Tribal Council office in Palmer (southcentral
Read more
Finland gets new minister of Economic Affairs
President Sauli Niinistö appointed long-serving Centre Party MP Mika Lintilä to the post of Economy Minister on Thursday afternoon. Lintilä
Read more
Sanctions, low oil prices cost Russia $600 billion
The combined shock of financial sanctions and low oil prices will make Russia lose $600 billion in the period 2014-2017,
Read more
Finnish economy in a rut, 1.2% growth in 2016
The Finance Ministry is predicting close to zero economic growth for 2015, but is pegging output at 1.2 percent for
Read more
Bank of Finland forecasts slow growth in 2016
The Bank of Finland forecasts slow growth next year, with no boost to exports on the horizon. Economic growth will
Read more
Nordea forecasts continued slump for Finnish economy
Nordea’s fresh economic forecast warn of continued slow growth in the Finnish economy—in stark contrast to much of the rest
Read more
Zero growth at best for Finland: Yle Poll
The nation was hoping for economic turnaround this year. Instead, 2015 threatens to become Finland’s fourth consecutive year of recession.
Read more
Yukon Zinc granted creditor protection after mine closure
Yukon Conservation Society concerned about $3 million environmental security owed by Wolverine Mine Yukon Zinc has been granted creditor protection
Read more
Christmas tourism to Finland’s Arctic boasts fifth year of growth
Holiday tourism to the north of Finland has exceeded expectations this year. Charter flights to airports in Rovaniemi, Kittilä and
Read more
Rouble collapse hits Finland, Forex stops buying Russian currency
Effects of the Russia rouble’s nosedive will undoubtedly be felt in Finland. One Finnish expert says the only thing that
Read more