Interactive Maritime Workshop on 31 May 2017

On 31 May 2017, Interactive Maritime Workshop was organized by Trade Representation of the Russian Federation in cooperation with the Norwegian-Russian Chamber of Commerce. The workshop took place in the facilities of Trade Representation of the Russian Federation. About 20 maritime companies took part in the meeting. 

Mr. Alexander Anikin, the Russian Federation’s Trade Representative to the Kingdom of Norway, together with Mr. Jarle Forbord, Managing Director of the NRCC, opened the meeting by welcoming all the participants.

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Mr. Alexander Anikin, the Russian Federation’s Trade Representative to the Kingdom of Norway

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Mr. Jarle Forbord, Managing Director of Norwegian-Russian Chamber of Commerce

Invitation to the Annual Meeting of the NRCC and the NRCC Summer Event 2017

Dear NRCC members and partners,

We hereby invite you to register for participation in the Annual meeting of the NRCC and NRCC Summer Event taking place on 13 June in Oslo. You can register for one or both of the events.

Annual Meeting

Agenda for the Annual meeting is enclosed. This year we also have the pleasure to announce an invited speaker, journalist and writer Øystein Bogen who will talk about the following topic:

“Norway and Russia are still cooperating within many sectors. But what must be done for Norway and Russia to re-establish their close friendship?”

 Date: 13 June 2017

Time: 17.00-18.00

Venue: Oslo Kongressenter – Folkets Hus, Youngs gate 11, Meeting room 3 (3rd floor).

Annual NRCC Summer Event

The event will take place on the very same day, 13 June on the roof terrace of Stratos bar – one of Oslo’s most popular event venues offering fantastic view over Norway’s capital. During the Summer Event there will be served a buffét-dinner and there will be time for refreshments and networking with other NRCC members and invited Norwegian and Russian guests. The Summer Event is a perfect opportunity to bring along business contacts who wish to learn more about NRCC activities and discuss opportunities and challenges related to the respective markets.

For more details please see Program for Annual Meeting and Invitation for Summer Event

 

Date: 13 June 2017

Time: 18.00-21.00

Venue: Stratos, Youngs torget 2, Oslo (Folketeatret-building)

Price per person is NOK 850.

Please, register for the Annual Meeting and Summer Event online. We look forward to your participation!

If you have any questions, please contact the NRCC administration at This email address is being protected from spambots. You need JavaScript enabled to view it. .

The Energy Networking Event at TechnipFMC on 16 May 2017

14On 16 May 2017, the Energy Networking Event "International perspective on the Norwegian Continental Shelf" took place in Lysaker, in the facilities of the NRCC member organization TechnipFMC. About 70 participants took part in the meeting. The event was organized by TechnipFMC in cooperation with the Norwegian-Russian Chamber of Commerce (NRCC) and the French-Norwegian Chamber of Commerce (FNCC).

Mr. Igor Kopsov, Region Manager SURF Russia at TechnipFMC, together with Mr. Sindre Walderhaug, President of the Norwegian-French Chamber of Commerce (CCFN), and Mr. Jarle Forbord, Managing Director of the NRCC, opened the meeting by welcoming all the participants and presenting activities of their companies and chambers.

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Mr. Igor Kopsov, Region Manager SURF Russia, TechnipFMC

Protocol of the 17th session of the Norwegian-Russian Intergovernmental Commission for Economic, Industrial and Scientific-Technical Cooperation

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The 17th meeting of the Norwegian-Russian Commission for Economic, Industrial, Scientific and Technical Cooperation took place in Moscow on 20 April 2017. The meeting was chaired by Russian Minister of Natural Resources and Environment Sergei Donskoy and Norwegian Minister of Trade and Industry Monica Mæland. The two sides discussed the economic situation in Russia and Norway, the legal framework for bilateral cooperation, and prospects for interregional and cross-border cooperation.

Here you can download protocol of the meeting in Norwegian and Russian languages

Document in Norwegian

Document in Russian

Photo: Norwegian Ministry of Foreign Affairs/Martine Røiseland

 

The High North Strategy 2017. Between geopolitics and social development.

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The High North Strategy has been presented in Bødo in North Norway, 21th of April 2017.

Today the Artic is Norway's most importnant foreign policy priority and according to the government.no above Strategy gives ‘an integrated approach to Arctic policy and focus more on knowledge-based business development and infrastructure in the North’. 

Also, in accordance with Norwegian Prime Minister Erna Solberg ‘today growth in North Norway is higher than in the rest of the country and benefits Norway as a whole, and the Government will step up its overall efforts in the north, to make North Norway one of our most innovative and sustainable regions’. Mr. Brende pointed that ‘Norway will continue to play a leading role in the development and management of the Arctic. Despite the unrest in many parts of the world, we have managed to maintain the Arctic as a peaceful region, where cooperation is the norm. As Norway develops its Arctic areas, it will be vital for us to find ways of cooperating with our neighbours to deal with common challenges in the region. This is why we are investing heavily in international cooperation in the Arctic’. 

The High North Strategy 2017 gives a detailed overview of such topics as international cooperation, business development, Infrastructure, environmental protection, safety and emergency preparedness. Finally, the Strategy gives an overview over results of work of the Norwegian Government at the High North Region. 

Please download the full version ot the Strategy here (in Norwegian). 

 

 

Russia Macro Monthly report for May 2017: Spring optimism fighting a lingering winter

Please find Russia Macro Monthly report for May 2017, prepared by Macro-Advisory Ltd from Moscow. Short summary of the report:

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Economy continues to show weak recovery. Sentiment indicators are finally showing improvement to pre-sanctions levels. The outlook is that this recovery will be slow and shallow, with the hope that it will get a boost from a new reform program next year. Former Finance Minister Alexei Kudrin submitted his plan – the question is how much the government will water it down?
Politics and inflation change the CBR’s policy stance. The CBR cut its repo rate by 50 basis points to 9.25% in late April. This is a big change to its previous hawkish policy and reflects pressure from the Administration to take actions to weaken the ruble. A big drop in inflation, to 4.1% as at end-April, provided the excuse. The weak ruble is the key element in sustaining competitive conditions in the economy and in attracting inward investment. The CBR is now expected to cut earlier and deeper than previously indicated.
OPEC agreement is both good politics & good economics for Moscow. Russia and OPEC are set to extend the oil production deal into early 2018. This should keep the price of Brent in the low to mid-US$50s p/bbl range … a target Saudi Arabia needs to justify its very ambitious valuation for the Aramco IPO, which is expected in spring 2018. For Russia, this deal represents both good politics (aligning with Saudi Arabia) and good economics (will keep the budget deficit low).
Public protests. The Kremlin’s worst nightmare is ordinary people protesting over a real issue and that is again happening because of Moscow city’s ham-fisted policy to demolish obsolete housing stock. When protests are fueled by a legitimate economic grievance, Putin’s administration tends to concede in a very un-autocratic fashion. When the protests are mainly political, they crackdown.
Pragmatism in US-Russia relations … The Syrian crisis was a poor backdrop to the first official visit to Moscow by a senior Trump administration official. Nonetheless, Tillerson and Lavrov seem to have built a working relationship, and there was enough progress to warrant Tillerson’s meeting with Putin and Lavrov’s with Trump.
… may be derailed by Congress. Back in Washington, the backers of the bills to tighten sanctions pressure on Russia are not giving any ground. Their determination to punish Russia is unwavering, and this remains a very significant threat.
Investors are waiting. Russian equity indices have at least stopped falling, but are stuck in a rut and in need of a new catalyst. That may come from a positive dividend season or a sustained economic recovery. Investors are also waiting to see what message is delivered at this year’s SPIEF event (1-3 June) and the G7 meeting (26-27 May).
Novorossiysk privatization. The Deputy Finance Minister said that a 20% stake in the port operator, NCSP, will be sold via the stock market this year, with a target valuation of RUB30 bln, or some 10% higher than the current valuation.

Download here the full report in PDF format

NRCC Networking Meeting in St.Petersburg - 11 May 2017

 AwElgUyWiUWe have the pleasure to invite NRCC members and partners to the NRCC Networking Meeting in Saint-Petersburg.  

Place: Radisson Royal Hotel, Nevsky pr. 49/2, Saint-Petersburg
Date: Thursday, 11 May 2017
Time: 14:00 – 18:00

To register for the meeting, please follow the link for online registration.
Deadline for registration is Wednesday, 10 May 2017.

 

PROGRAM  (download)

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