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You can't know it all. No matter how smart you are, no matter how comprehensive your education, no matter how wide ranging your experience, there is simply no way to acquire all the wisdom you need to make your business thrive.

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Arctic Harbour discussions underway

May 16 2012

Arctic Harbour discussions underway

Wednesday, Marina Kovtun re-starts discussions with a Moscow-based investor which is about to develop a passengers’ terminal in the Murmansk port.

Murmansk authorities and ZAO Olympic City are revising investment options for the project that involves contribution of both state and private funds.

Murmansk Forum cancelled

May 16 2012

Murmansk Forum cancelled

An annual show initiated by the former governor is cancelled this year for financial reasons.

Arctic International Economic forum goes off schedule 2012 due to its enormous costs. Marina Kovtun promises other Arctic-related events to fill the sudden gap.

Meeting of Murmansk and Finnmark top officials

May 15 2012

Meeting of Murmansk and Finnmark top officials

Today, a newly-recruited Murmansk governor Marina Kovtun and a Chairman of Finnmark Council Runar Sjåstad held an introductory meeting in Murmansk.


Main topic on the discussion agenda is a visa-free travel between the neighbouring areas.

Murmansk: reasons to love

May 15 2012

Murmansk: reasons to love

Prompted by masterminds of the local web community, citizens of Murmansk are debating over reasons to love the city and to live “at the end of the earth”.

So far the discussion has brought about 200 feedbacks within a month and is still counting. The results will be published in a dedicated e-book.

8 billion USD out of Russia in April

May 14 2012

8 billion USD out of Russia in April

In April 2012, volumes of the capital withdrawn from Russia reached $8 billion. The outflow of money will expectedly continue in May.

In Q1 2012, there has been withdrawn $35 billion out of the country. “This is more than we had expected”, says the deputy Economic Minister Andrey Klepatch.

Bulava secrets get unfolded for foreigners

May 14 2012

Bulava secrets get unfolded for foreigners

A real spy story is firing up in Yekaterinburg. An employee of the closed-access enterprise is accused of having shared Bulava secrets with foreign intelligence services.


Reportedly, a suspect has allegedly given away sensitive information on control system of the Bulava missile. Investigation is underway.

Statoil: partners up for a cheaper solution on Shtokman

May 14 2012

Statoil: partners up for a cheaper solution on Shtokman

Costs of the Shtokman projects need to be resized by “definitely more than 10%”, says a Statoil VEP Peter Mellbye.

Mellbye says if the project is downgraded to LNG only, then this solution in gas transportation should help prove feasibility of the project.

4% of Murmansk citizens ready for business of their own

May 12 2012

4% of Murmansk citizens ready for business of their own

Share of people infected with entrepreneurial spirit in Russia is relatively low. Particularly, the Russian North does not bring optimistic figures either.

According to the entrepreneurship study 2011 by GEM, Russia’s zeal for business is lagging behind multitude of developed and developing countries. What is also disappointing is that number of businessmen is growing at a slower pace than in other countries.

Finding ways to lift a fish embargo

May 12 2012

Finding ways to lift a fish embargo

Head of Russian Rosselkhoznadzor Sergey Dankvert and Norway’s Ambassador Knut Hauge held a meeting to find the solution and lift the ban recently imposed on the imports of Norwegian chilled fish.

Through discussions of obstacles that pose a risk for the fish imports, Russia was suggested to inspect 25 fishery companies of Norway.

No tidal station construction this year

May 12 2012

No tidal station construction this year

RusHydro abandons the plan to construct a tidal power station in the Murmansk region in 2012.

-    Construction will not start this year,
said the company’s representative.