On May 31, 2023, at a meeting of the Murmansk Regional Duma, a law was unanimously adopted establishing a special badge “For Merits in Entrepreneurial Activity” in the region.

Individual entrepreneurs, founders and managers of companies operating in the Murmansk region for at least 10 years, registered and/or registered for tax purposes in the region, and who have made a significant contribution to the development of the economy of the Kola Arctic region will be eligible to receive the special sign.

The Ministry of Arctic Development and Regional Economy, together with representatives of the region's business associations, developed criteria for assessing the activities of economic entities during further consideration of the issue of awarding a new special badge.

In particular, a comprehensive assessment of economic indicators of activity in dynamics will be carried out; activities aimed at popularizing and developing entrepreneurship in the Murmansk region and beyond; assessments for innovation and activity in socially oriented projects are also provided; and other criteria.

When conferring the award, a one-time reward of 15,000 rubles is provided. No more than 5 awards can be made annually.

A by-law regulating the procedure for submitting candidates for the award will be developed by the Ministry of Arctic Development and Economy of the Murmansk Region.

/ Ministry of Arctic Development and Economy of the Murmansk Region /