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Norway is the 4th Best Country to Do Business

Category: Business and Investment News

Nordic countries rank at the top of the European countries that are best to do business in. The European Chamber (EuCham) presents its annual report “Best European countries for Business 2017”. In this report, EuCham ranks the European countries based on their business environment considering both short and long-term elements. EuCham score measures the overall business […]

Source: TNP

Published: October 23, 2017


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Norway Takes Lead in Race to Build Autonomous Cargo Ships

Business

Category: Shipping & Offshore

The Yara Birkeland, slated for launch late in 2018, will make short trips delivering fertilizer OSLO—Two Norwegian companies are taking the lead in the race to build the world’s first crewless, autonomously operated ship, an advance that could mark a turning point in seaborne trade. Dubbed by shipping executives the “Tesla of the Seas,” the […]

Source: Wall Street Journal

Published: July 22, 2017


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Norway Acts to Boost National Shipping

Business

Category: Government

The Norwegian Government implemented a new salary scheme for seafarers from July 1 which means that companies employing Norwegian seafarers on Norwegian International Ship Register (NIS) vessels will be reimbursed all added salary taxes. Two years ago, the government implemented a new regime for Norwegian cadets, and in combination with the net salary scheme, this […]

Source: Maritime Executive

Published: October 23, 2017


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Norway’s Hydro in $3.2 billion deal for aluminum firm Sapa

Business

Category: Chemicals / Metals

Norwegian metals firm Norsk Hydro has agreed to take full ownership of aluminum products maker Sapa by buying a 50 percent stake from conglomerate Orkla, the companies said on Monday. The transaction values Sapa at 27 billion Norwegian crowns ($3.24 billion) on a debt-free basis. Hydro predicted it would see annual synergies of 200 million […]

Source: Reuters

Published: October 23, 2017


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Google Will Start Getting Wind Power From Norway

Business

Category: Energy

Alphabet’s Google unit expects to receive its first wind power from Norway by early September, the company told Reuters on Wednesday. Tellenes wind farm, a 50-turbine strong wind farm of 160-megawatt (MW) capacity that is currently under development, will become Norway’s largest wind farm and Google’s biggest in Europe. “We’ll purchase power as soon as […]

Source: Fortune

Published: October 23, 2017


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