On February 15, 2018 in the Arkhangelsk city administration the meeting of the Board for Entrepreneurship and Investments of the municipal formation “City of Arkhangelsk” took place. Among the discussed issues was the Arkhangelsk socio-economic development strategy for the period up to 2020 and the possibility of participation of representatives of small and medium-sized businesses of Arkhangelsk in the Kolarctic CBC 2014-2020. The members of the Board for Entrepreneurship and Investments expressed their interest in participating in the Programme, while the Head of the city Igor Godzish pointed out that the City Administration will support significant projects together with the sister-cities of Arkhangelsk. Arkhangelsk has 4 sister-cities, which are located on the Programme Area: Tromsø and Vardø (Norway), Kiruna (Sweden) and Oulu (Finland).