Title: NorwegianRussian economic relations, market opportunities and developments
1Norwegian-Russian economic relations, market
opportunities and developments
- Roger Håkon Mikkelsen,
- Consul Commercial Affairs
- Innovation Norway, Murmansk
- Royal Norwegian Consulate General, Murmansk
2Innovation Norway
- Started its activities 01.01.2004
- Took over the initiatives formerly offered by the
- Norwegian Regional and Industrial Development
Fund - The Norwegian Trade Council
- The Norwegian Consultative Office for Inventors
- The Norwegian Tourist Board
- 750 employees in offices distributed throughout
all of Norways counties and more than 30
countries
3Mission
Innovation Norway shall promote nationwide
industrial development both with respect to the
business economy and Norways national economy
and be a facilitator in releasing the different
regions potential by contribution to innovation,
internationalization and promotion of the industry
4Innovation Norway representative offices
Offices in all of Norways counties and in 34
countries
5INNOVATION NORWAY - Consulting and practical
assistance - Finance support services
6Consulting and practical assistance
7Representation offices in Russia
- Moscow (Royal Norwegian Embassy)
- Roger Martinsen, Commercial counsellor, station
manager - St. Petersburg (Royal Norwegian Consulate
General) - Nikolai Shavrov, Station Manager
- Murmansk (Royal Norwegian Consulate General)
- Roger Håkon Mikkelsen, Consul Commercial Affairs,
station manager
8Services for companies
- Connections to decision-makers / local
authorities - Perform market research and partner search
- Act as strategic discussion partner and
troubleshooter - Advise choosing most relevant cooperation model
and assist with company registration - Arrange business delegations, exhibitions,
workshops, seminars, receptions, meetings etc. - Tailor-made services according to individual
needs - Etc
9Finance support services
10The funds territorial boundaries
11The Russia, CIS and Balkan Funds
- The investment fund for Russia, CIS and Balkan
- 120 mill. NOK (18,5 MUSD)
- The investment fund for North-West Russia
- 150 mill. NOK (23 MUSD)
- The consultancy fund for North-West Russia
- 30 mill. NOK (4,6 MUSD)
12Russian-Norwegian economic relations
13Trade between Norway and Russia current
developments
- Total foreign trade development BNOK 15.1 ca.
9 increase from 2005 to 2006 - (22 increase from 2004 to 2005)
- Norwegian export to Russia BNOK 5.1 ca. 6
decrease of from 2005 to 2006 - (ca. 56 increase from 2004 to 2005)
- decrease in 2006 mainly due to the Russian ban
on export on fresh fish from Norway which dropped
15 - value of ca. 0.5 BNOK - in 2006 - Norwegian import from Russia BNOK 10.0 ca.
14 increase from 2005 to 2006 (ca. 9 increase
from 2004 to 2005) -
14Russian Offshore - Northwest
15Focus areas
- Strategic industries
- Oil gas supplier industry
- Energy
- Sea food
- Tourism
- Strategic countries/markets
- Russia NWR, Central regions
- Established SMEs with potential to succeed
- Depending on where there are potential for
Norwegian businesses
16Possibilities for Norwegian companies in Russia?
- The years of the arctic cowboys are over
- Huge (and rapidly growing) market potential
- Russians exporting raw materials
- Oil Gas, a powerful driving force
- More internal production
- Norwegian expertise and know-how
- More Norwegian companies looking east
- Murmansk/Archangelsk vs. St. Petersburg/Moscow
- Expectations, ambitions, possibilities etc.
17Prirazlomnoe Project Norwegian Suppliers
Norwegian offshore technology and expertise used
in Russia
18Fokus area North West Russia
- Archangelsk oblast 1,3 mill Archangelsk city
360.000 - Murmansk oblast 0.9 mill Murmansk city
330.000 - Republic of Karelia 0,7 mill Petrozavodsk
265.000 - Nenets autonomus okrug 0,042 mill Naryan Mar
18.000 - Republic of Komi 1,2 mill (Syktyvkar 300.000)
Ca. 4.150.000
Focus area Northern part of Norway
- Nordland county 235.000
- Troms county 154.000
- Finnmark county 73.000
Ca. 460.000
19Norwegian companies registered in NWR
- Norwegian ownership/Daughter company, Branch
office, representation office etc. - Salary paid to Russian employees
- 80 Norwegian companies confirmed established in
NWR, - Estimated approx. 1.000 man-labour years in
Norway/Russia
- Business services
- Research/Science
- Trade
- Transport/logistics
- Industry/production
- Tourism
- Bank finance
- Building/Contracting industry
- Property/Real estate
- Fishing industry
- Oil Gas related business
- Media, Press and IT
20Some general advices
- Bureaucracy Legislation
- Language Cultural differences
- Corruption/bribes
- Access to reliable information
- Business infrastructure
- Qualified labor force
- Mafia