THE NORTHEN DIMENSION POLICY The Northern Dimension covers a broad geographic area ranging from the European Arctic and Sub-Arctic areas to the southern shores of the Baltic Sea, including the countries in its vicinity and from North-West Russia in the east to Iceland and Greenland in the west.
GOALS: • Providing a common platform for promoting dialogue and concrete cooperation; • Strengthening stability, well-being and economic cooperation; • Promoting economic integration and competitiveness; • Preventing the emergence of new dividing lines in Europe as a result of the EU enlargement.
ACTORS: The Northern Dimension Policy is a joint initiative of the European Union, Iceland, Norway and Russia.
SUPPORT OF ACTIVITY: The International Financing Institutions: • The European Bank for Reconstruction and Development; • The European Investment Bank; • The Nordic Investment Bank; • The World Bank.
NORTHERN DIMENSION BUSINESS COUNCIL IS: • An informal association of the representatives of the industrial and business community from North-West Russia and Nordic Countries; • The advisory body on economic and business cooperation issues for the meetings of the "Northern Dimension" senior officials; • A platform for discussion and regular dialog between business communities of the Northern Dimension member-states.
THE MAIN DIRECTIONS OF ACTIVITY: • Promotion of cooperation and investments between the North-West Federal District of the Russian Federation and Nordic countries in the priority areas: transport and logistics, energetics, ecology, forest industry etc. • Establishment of contacts between business communities and searching for partners in the Northern Dimension Policy member-countries. • Development of business activity in the region and as a result increasing competitiveness of "Northern Dimension" region in the whole. • Exchange of experience, knowledge and views between the business community`s representatives of the Northern Dimension countries. • The joint solution of the common social-economic problems. • Elaboration of proposals for the meetings of the Northern Dimension`s senior officials aimed at the improvement of mutual trade conditions and investments, business cooperation and partnership.
SUPPORT OF ORGANIZATION AND ACTIVITY: North-West Development and Investment Promotion Agency (2008 - 2010).