Vietnam enters Arctic oil business

Russian oil companies continue to look for new business ties in Asia. The Vietnamese state-owned company "PetroVietnam" will become a partner of JSC "Gazprom Neft" in the development of Dolginskoye oil field. 

Russians learn living within means, says statistics

The number of unemployed Russians reached the year's maximum. 151,000 people lost their jobs in the past month alone. At the backdrop of the decline in capital investment and stagnation of real wages, the unemployment raise is likely to develop into a trend. 

Surrounded, caught, and bagged

The Norwegian company "NorLense" presented its new equipment in the Bay of Kola. The attention of environmentalists was attracted to the so-called "oil trawl", which can effectively eliminate oil spills.

150 billion for Novatek's welfare

JSC "Novatek" has applied for funding from the National Welfare Fund. The Ministry of Economic Development will make up their mind after a careful analysis of the economic viability of the project "Yamal LNG", informs the press service of the Ministry.

Murmansk fish plant changes profile

The company which had been operating for more than 20 years ceased to exist. The management is forced to transform it into a large warehouse.

Alexandr Makarevich: Every party does it

The Russian Investigative Committee and the leadership of "A Just Russia" party will look into the actions of the party's head in the Murmansk region Alexandr Makarevich in respect of a possible corruption element. 

Norwegian cages in Russian sea

The "Russian Sea" company has signed a $ 9.4 million contract with the Norwegian AKVA Group for fish cage farm equipment to be installed in the Murmansk region.

Siva Business Barometer 2015

Keeping on with our annual traditional survey, Siva has conducted another so-called Business Barometer to assess moods and aspirations of foreign investors for Murmansk.

Siva reorganized in Murmansk

Due to state budget cuts for 2015, Siva has to shrink its activities in North-West Russia dramatically. Reductions will affect the programme-related part, however infrastructural projects will remain. 

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About SIVA

Siva – The Industrial Development Corporation of Norway is the governmental corporation and national instrument founded in 1968. Siva is owned by Norwegian Ministry of Trade and Fishery. Siva aims to develop strong regional and local industrial clusters through ownership in infrastructure, investment and knowledge networks as well as innovation centers. Siva has been in Northwest Russia since 1992. This activity aims to increase trade between Norway and Russia. Siva aims to increase trade between Norway and Russia. The local office is located in Polar Star Innovation Centre, address: Podgornaya 92 Murmansk. 

Siva has six specific concepts running at the moment:

1. Polar Star Innovation Centre offering commercial office space 3000 m2
2. incubator space in the Soft Landing Incubator Polar Star Innovation Centre 
3. Norsketableringssenter with competence about local suppliers of services and service oriented towards Norwegian SMEs that need physical establishment in the region 
4. Innovation Cooperation between Norway and Russia through a separate program  
5. Technopark Nor, a logistics and business center established at the airport in Murmansk in close cooperation with Innovation Norway – Fund.  
6. BarentsNova website  


International adviser Alma Karabeg, Mobile phone +47 481 81 033

International adviser Sergey Shuvalov, Mobile phone +47 920 29 035

Senior Vice President International Geir Reiersen, Mobile phone +47 913 83 161