The Arctic Economic Council together with the Nordic Council of Ministers released the report “Arctic Business Analysis” at a joint side event at the Arctic Frontiers Conference in Tromsø, Norway.
The “Arctic Business Analysis” was made with the purpose of qualifying the current knowledge on the business environment in the Arctic. The aim of the analysis is to use the knowledge to enable further economic development in the Arctic.

“The report is intended to serve as a guideline: what works in terms of facilitating business development in the Arctic?” comments AEC Chair Tero Vauraste. “The report identifies barriers to trade as well as enablers that drive progress, an important step in securing further business development in the Arctic.”

“The Arctic region offers a range of interesting opportunities for entrepreneurs and companies in various sectors, including the bioeconomy and the creative and cultural industries. This report will help the Arctic take business development to the next level, “says Dagfinn Høybråten, Secretary General of the Nordic Council of Ministers.

The report focuses on the following themes:
•Entrepreneurship & Innovation
• Public Private Partnerships & Business Cooperation
• Cultural and Creative Industries
• Bio-Economy

The report can be downloaded here:


Creative and Cultural industries

Entrepreneurship and Innovation

Public-private partnership