The North Norwegian bank Sparebank1 Nord-Norge has got license to buy 75 percent of the shares in the Russian bank North West 1 Alliance Bank. The new bank opens new possibilities for Nordic companies in North-West Russia.

The Finnish Ministry of Finances has given green light to the border guard service?s purchase of new helicopters to use along the border to Russia.

Test launches of Russia's ill-fated Bulava ballistic missile will resume between August 9 and 12, a defense industry source said on Thursday.

Norwegian authorities have imposed tougher requirements for cleaning of emissions from the coal-fired power plant in the Russian settlement Barentsburg on the Svalbard Archipelago.

The Reinertsen Company had their biggest surplus ever on their annual accounts of 2009. However, their offshore yard in Murmansk ended up with a deficit of almost 2 million EUR in 2009.