The Ministry of Economic Development of the Murmansk Region is a state executive authority of the Murmansk Region for development and implementation of state policies of the Murmansk Region in the following areas:
- strategic planning of socioeconomic development of the Murmansk Region;
- development of entrepreneurship and innovation, state support for small and medium businesses;
- investment activities and state investment;
- regional taxes and tax exemptions, financial recovery of organisations;
- external economic links, international technical aid; cross-border and interregional economic cooperation;
- trade activities (except retail markets);
- tourism.
The Ministry of Economic Development of the Murmansk Region performs the functions of legal regulation, control and supervision, provides state services in the listed areas of activity within the authority limits.