N.W.T. government announces review aimed at freeing up $150M annually
The N.W.T. government has announced a strategy to find an additional $150 million annually through a combination of spending cuts
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finance
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
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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
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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
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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
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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
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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
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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
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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,
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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
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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
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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
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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.
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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
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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
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