Economy and Business
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The Barents Region is extremely rich and has great economic potential, with vast natural resources and unique environmental values. Major investments are under way in new oil and gas fields in the Barents Sea.
The earliest inhabitants were attracted by the availability of fish and game. Nowadays, oil and gas exploration, fisheries, forestry and tourism are attracting an influx of settlers to the region. For economic development in the Barents Region to be truly sustainable, due attention must be given to environment and to the interests of the indigenous peoples.
The industry structure of the Barents Region is dominated by medium-sized and very large industries within the steel, forest, paper, ore and mineral branches and within the fishing, gas and oil branches.
See also for the information on the economy and business especially for small and medium-sized enterprises.
See also:
- Economic Monitoring of North-West Russia - provides regular, comprehensive and systematic reporting on the socio-economic development in the region. The regional reports, as well as a comparative summary report, come out on a biannual basis in English and Russian and in Finnish.
- Barents Monitoring - the economic trends and developments in the Russian part of the Barents Region, quarterly reports from Murmansk Oblast, Arkhangelsk Oblast and the Nenets Autonomous Okrug. The Barents Monitoring is produced by the Russian offices of the Norwegian Barents Secretariat based on information from the regional statistics services.
- Economy and Environment in the Barents Region - publications describing the environment and economy in the North-West Russia
- Economy of the North - presents a comprehensive overview of the economy of the circumpolar Arctic, including the traditional production activities of the indigenous people. The report discusses the importance of the Arctic economy from a global perspective, with particular focus on the natural resources in the Arctic region.