NEWS

Accounting / Financial

CNBC/Reuters: UPDATE 2-Norway wealth fund earned a record $180 bln in 2019

Business

Category: Accounting / Financial

OSLO, Feb 27 (Reuters) – Norway’s sovereign wealth fund, the world’s largest, made a 19.9% return on investment last year, earning a record 1.69 trillion Norwegian crowns ($180 billion) as stock markets rallied, it said on Thursday. The $1.1 trillion fund’s return for the year was stronger than that of its benchmark index, it added. […]

Source: CNBC


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KPMG: Guidelines on How to Comply with New Norwegian VAT on E-commerce (VOEC) from April 1

Business

Category: Accounting / Financial

VAT on E-commerce (VOEC) from 1 April 2020 – Guidelines on how to comply with the Norwegian VOEC scheme for low value import. Read the entire insight piece from KPMG HERE.

Source: KPMG


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Economic Perspectives: Address by Governor Øystein Olsen to the Supervisory Council of Norges Bank and invited guests, 13 February 2020

Business

Category: Accounting / Financial

“We are now moving into the final phase of a period where domestic raw materials and energy sources have provided an essential basis for economic expansion. Hereafter, growth must increasingly rely on the production of finished goods in areas where we do not have a natural advantage.”[1] The same could be said about the challenges […]

Source: Norges Bank


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Reuters: Electric cars grab 44% market share in Norway in January

Business

Category: Accounting / Financial

OSLO (Reuters) – Electric cars accounted for a 44.3% share of Norway’s new car sales in January, rising year on year but falling short of the 50-60% range the industry forecast for 2020, data from the Norwegian Road Federation showed on Monday. In January 2019 electric cars made up 37.8% of sales in the Nordic […]

Source: Reuters

Published: February 3, 2020


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Bloomberg TV: Norway’s Olsen Says Central Bank Is Not Hawkish

Business

Category: Accounting / Financial

Norges Bank Governor Øystein Olsen discusses interest rates, the krone and global economic risks after the central bank kept its deposit rate at 1.50% on Thursday, as expected, and stuck to its main message that a tightening cycle started over a year ago has now been shelved. Olsen speaks with Bloomberg’s Jonas Cho Walsgard in […]

Source: Bloomberg


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