Bloomberg Talks Arctic Economic Council's Frederiksen Talks Greenland's Business
Jan 8, 2026
Mads Qvist Frederiksen, Executive Director of the Arctic Economic Council, provides keen insights into Greenland's economic landscape. He discusses how geopolitical uncertainties have stalled business investments in the region. While daily life continues, major projects face significant hurdles. Frederiksen emphasizes Greenland's desire for business partnerships rather than selling its resources. He also highlights the challenges posed by misinformation and calls for a cautious approach to investments that benefit local communities.
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Uncertainty Freezes Investment Plans
- Geopolitical uncertainty has frozen business decision-making in Greenland, with companies putting plans on hold until clarity arrives.
- Daily operations continue, but large-scale and defense-related investments are hard to plan amid the current uncertainty.
Fisheries Still Drive The Economy
- Greenland's economy is dominated by fisheries, which keep operating despite political disruptions.
- The US is a small export market for Greenland, so some see US interest as a market-opportunity rather than an immediate economic pivot.
Digital Influence Attempts Noted In Arctic
- The Arctic has seen small-scale digital influence efforts like AI videos and fake government documents being circulated.
- Communities notice such attempts quickly because populations are small and social networks are tight-knit.