Category: norway

  • Export Price of Fresh Salmon Increases by 2.9% in Week 26, 2023

    In week 26 of 2023, the export price of fresh salmon from Norway experienced a notable increase. The price per kilogram reached 92.04 NOK, marking a 2.9% rise compared to the previous week. This upward trend indicates a positive development for the Norwegian salmon industry. Moreover, the export volume of fresh salmon also saw a…

  • Historic Decision on Zero Emissions for International Shipping: Norway Leads the Way

    The International Maritime Organization (IMO) has today adopted a historic ambition of achieving zero emissions for international shipping by 2050. Additionally, significant emissions reductions are to be achieved by 2030 and 2040. “The agreement is a breakthrough for the transformation of the shipping industry. It is a bright spot in the climate crisis that there…

  • Norges Bank Supports Proposed Changes to Public Records Act, Public Regulation Act, and Archive Regulation Act

    Norges Bank has submitted its consultation response to the Ministry of Justice and Public Security regarding proposed changes to the Public Records Act, Public Regulation Act, and Archive Regulation Act. The proposals aim to allow for exceptions to public access for journal entries and references to internal documents. The bank supports the proposed amendments to…

  • Norway Advances International Regulation of Autonomous Weapons Systems

    In response to a question from Ingrid Fiskaa of the Socialist Left Party (SV) regarding the regulation of autonomous weapons systems, Foreign Minister Anniken Huitfeldt has outlined Norway’s plans and positions on the matter. Fiskaa expressed urgency in regulating autonomous weapons systems, highlighting that despite a decade of discussions within the United Nations Convention on…

  • Refugee Background Individuals in Norway

    Norway has seen a notable increase in its refugee population, accounting for 5.1% of the total inhabitants as of January 2023. According to recent data, there are 280,018 individuals with a refugee background in the country. Among them, 211,667 are classified as main refugees, signifying a 19.4% increase from the previous year. Asylum cases, on…

  • Norwegian Transport News 2023 Week 25 – 26: Spain Assumes EU Presidency with Focus on Sustainable Transport and CO2 Standards for Vehicles

    https://www.regjeringen.no/no/tema/transport-og-kommunikasjon/eu-eos-og-internasjonalt-samarbeid-om-transport-og-kommunikasjon/samferdselsnytt-fra-brussel/id466239/?utm_source=www.regjeringen.no&utm_medium=rss&utm_campaign=RSS-2581966

  • Continuing Investment in Efficient and Environmentally Friendly Ports in Norway

    The government allocates 64 million NOK in grants for five new port projects along the coast. “Ports are essential for value creation and settlement along the coast. State support for investments in efficient and environmentally friendly ports is a highly effective tool to ensure better logistics,” says Minister of Fisheries and Coastal Affairs, Bjørnar Skjæran…

  • 1.5 Million NOK Allocated to Restructuring in Agder, Norway

    Agder County Council receives 1.5 million NOK to initiate a restructuring program in the region. “This government is committed to creating optimism and confidence in the future throughout Norway. We want to facilitate growth and development in rural communities,” says Minister of Local Government and Regional Development, Sigbjørn Gjelsvik. From time to time, situations arise…

  • Norway’s Production Index for Construction and Civil Engineering

    The latest data on the production index for construction and civil engineering activity in Norway reveals a modest growth in May 2023 compared to the previous month. The production index increased by 1.0%, indicating a positive trend in the sector. The production index measures the changes in the volume of output within the construction and…

  • Norwegian Study Investigates Investment Incentives in Market-Based Environmental Regulation

    A new research paper from Norway delves into the investment incentives of market-based regulations, focusing on the technology characteristics that different regulatory schemes tend to encourage. The study finds that firms’ technology choices are socially optimal only when the aggregate emission allowance supply remains completely inelastic. The research also highlights the impact of uncertainty in…

  • Economic Growth Continues in Norway despite Challenges

    Despite various challenges faced by the Norwegian economy, the latest National Accounts report released by Statistics Norway shows continued economic growth. The report, based on constant 2020 prices, reveals positive trends in various sectors, although some concerns persist. Key Highlights Overall, the Norwegian economy continues to exhibit resilience and growth, fueled by robust household consumption,…

  • Norwegian Labour Market Shows Resilience with Unemployment Rate at 3.5% in May 2023

    The latest Labour Force Survey released by Statistics Norway (SSB) presents promising figures for Norway’s labor market. As of May 2023, the unemployment rate stood at 3.5 per cent, indicating a stable employment situation amidst challenging economic conditions. This data is crucial for policymakers and businesses alike, as it reflects the current state of the…

  • Norwegian Economy Witnesses 5.0% Growth in Loan Debt C2 Over the Past Year

    Norway’s credit indicator data for the twelve-month period from May 2022 to May 2023 has been released, revealing that the loan debt C2 has grown by 5.0 per cent during this time. The report, which provides valuable insights into the country’s financial markets, was published by Statistics Norway (SSB) and sheds light on the borrowing…

  • Norway Economic News: Monetary Aggregates Show Sluggish Growth in May 2023

    The latest data on monetary aggregates released by Norges Bank, Norway’s central bank, reveals a sluggish growth in the total money supply M3 over the past twelve months leading up to May 2023. According to the report, the twelve-month growth in the total money supply M3 from May 2022 to May 2023 was recorded at…

  • Norway Witnesses a Dip in Petroleum Product Sales While Embracing Liquid Biofuels

    Norway’s sales of petroleum products and liquid biofuels have experienced notable changes, as revealed by the latest statistics from May 2023. The data showcases a significant decline in the sales of petroleum products for road traffic compared to the previous year, while liquid biofuels make strides in the market. Change in Fuel Sale for Road…

  • Norway Sees Slight Decline in Poultry Meat Production

    The latest data released by the Norwegian Agricultural Authority reveals a marginal decrease in the production of meat from poultry in Norway. The figures compare the years 2021 and 2022, indicating a decline of 0.6 percent during this period. According to the report, a total of 114,820 tonnes of poultry meat were approved for human…

  • Norway’s Tax Accounts Show Increase in Accumulated Tax Payments

    The latest update on Norway’s tax accounts reveals a significant increase in accumulated tax payments, excluding petroleum taxes, for the month of May 2023. The data demonstrates a positive trend in tax revenues, reflecting a robust economic landscape and strong tax compliance among individuals and businesses in the country. According to the figures released by…

  • Local Referendums in Norway

    In 2022, a total of 7 local referendums were held in various Norwegian municipalities. This information provides insights into the trends and interests of local communities, showcasing their engagement in democratic decision-making processes. The data also allows for a comparison with previous years. Examining the numbers of local referendums over the past four years, the…

  • Road Traffic Accidents Involving Personal Injury in Norway

    The number of persons killed in road traffic accidents in Norway for the month of May 2023 was 13. This data reflects a comparison to the previous year, where 116 deaths were recorded, and an average of 101 deaths over the past five years. The number of severely injured individuals in May 2023 was 578,…

  • Large Domestically Controlled Companies Drive Norwegian Exports, Reveals Study

    According to recent research conducted by Statistics Norway, it has been found that Norwegian exports are predominantly dominated by large, domestically controlled companies. These companies, with a substantial number of employees, both import and export a higher volume of services compared to smaller businesses. In 2019, they accounted for more than 45 percent of exported…