Barents region on hotspot list for business in 2011
Chile, Barents Sea, Haifa, Berlin and Istanbul are the places to watch for business opportunities in 2011, according to a global forecast analyses presented in the latest edition of the prestigious Monocle magazine.
The London-based Monocle magazine is known for presenting trends in global affairs and international business, culture and design.
In their 2011 list of the five best places to look for business possibilities, the Barents Sea region is listed along with Chile, Haifa, Berlin and Istanbul.
Where the best place to set up shop? asks the reporters before they analyze promising places around the globe to set up a company or join businesses.
“The Barents Sea is thawing fast. Watch this space,” concludes the article that starts with the lead “Things are hotting up in the High North.”
Read more: Multi-billion investments in the Barents Region
Increased shipping due to global warming and the prospective for major developments of hydrocarbons are two of the driving forces for why the Barents Sea region is a business hotspot.
The September 2010 agreement between Norway and Russia on the delimitation of the Barents Sea and the Arctic Ocean signals the beginning of a new era, writes Monocle magazine.
Read also: Preparing for next year’s Northern Sea Route season
