Russia introduces new rules of corporate law

According to amendments in the Civil Code, joint stock companies of open and closed types will become public and nonpublic organizations. Such abbreviations as OZO and ZAO are obsolete now.

Norwegian Labour Party visited Murmansk

"Norway and our region have established a traditionally strong friendship. We want to continue all these positive processes and to save our achievements despite the recently emerged problems," said Marina Kovtun in her welcoming address to the Norwegian delegation.

Ships and economies change ways

After the catastrophe at the nuclear power plant "Fukushima" and the consequent uncertainty of the nuclear energy future in that country, Japan is looking for a natural substitute for its 30% share in the country's energy balance.

Russian fish processors turn to domestic resource base

Several dozens of fish processing companies located in the Russian Northwestern Federal District are 10 to 100 percent dependent on fish supply from abroad. 

Imports of Norwegian smolt resumed

Norwegian suppliers resumed shipments of salmon smolt for Russian aquaculturists shortly after the sanctions list had been shrunk.

Foreigners allowed to enter Lavna

July 03, the Russian Government lifted restrictions that used to keep foreigners away from the Western shore of the Kola Bay. 

Rosneft and Statoil start exploration operations in Norway

18th of August, Rosneft together with Norwegian company Statoil Petroleum AS started exploration operations at the Pingvin License PL713 prospect in the Norwegian section of the Barents Sea.

Murmansk port economic zone may collapse

The federal Ministry of Economic Development is revising a list of economic zones in Russia. Those who have failed to attract residents over three years might lose their status of a tax paradise.

Two Murmansk officials caught red-handed

2 young officials caught in the act of bribery.


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About SIVA

SIVA IM is a Norwegian state-owned company that works out and implements innovation concepts for Norwegian companies abroad. SIVA IM’s key markets are North-West Russia, the Baltics and the Balkans. There are projects in other regions as well.

One of the important advantages of being involved in SIVA’s projects is that SIVA operates as a governmental institution that improves the status of communication and reduces communication risks for SMEs.

BarentsNova is one of SIVA’s projects aimed to share practical information with Norwegian businesses willing to explore business opportunities of the Russian North West.‏

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