1. Socioeconomic Development Mechanisms in the Arctic Macroregion
CEO Timo Rautajoki, Arkhangelsk

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3. Business in European Arctic 2017
Economic crisis seems to be over, raw material and oil prices slightly recovering
Rapid development in Forest industry, Bioproduction and tourism
Investment projects seem to recover slowly
- Reopening of closed mines, tourism investments
Economic growth has been strong in the northernmost part of Sweden and Finland, Northern Norway business as usual, Noth west Russia recovering, new investment plans in Murmansk and Arkhangelsk Region
Lapland - example of new growth
- Tourism, growth %, international tourists +18%, January %!!!!
- All branches of business doing better than in 2008 when economic crisis started
More direct flights from Europe to Rovaniemi, Kittilä and Ivalo
Lack of skilled labour

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5. Risks still exist Political crisis comes to the Arctic
Environmental and human disasters – refugees, asylum seekers
Media hype of disappointments, arctic oil, nature over protection
Raw material and oil prices – demand?
Political will starts to decrease – no funding
Arctic institutions remain too weak

6. Big need for crossborder and International cooperation
All crisis have decreased cooperation last years
ENI kolarctic program has started and it can stimulate business cooperation structures
Visit Arctic Europe is good example
Tourism cooperation in Lapland, Norrbotten and Northern Norway
InterregNord project 6,4 m€
Joint development, sales, marketing and promoting
Mining industry and technology, forest industry, bioproduction and energy could be similar also transport connections and logistics 
Finnish -Russian cooperation could be base for International cooperation
Murmansk Region in. Mining
Arkhangelsk Region bioproduction 
Pyhäjoki nuclear power plant, Fennovoima/Rosatom
Finnish Russian Arctic Partnership, Northern Forum , conference and exhibitions,

7. arcticbusinessforum.com
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