NEWS

Press Release: Reducing oil production on the Norwegian Continental Shelf

Category: Business News

The corona pandemic and the efforts to contain it in large parts of the world have had substantial impact on economic activity globally and thereby also for oil demand. In the current unprecedented situation cuts in oil production introduced by the government will contribute to a faster stabilisation of the oil market compared to letting […]

Source: Regjeringen.no

Reuters: Norway plans temporary tax relief for oil firms

Category: Business News

OSLO (Reuters) – Norway proposed on Thursday to temporarily ease tax rules for oil firms to try to prevent a collapse in investments due to the coronavirus pandemic and a related collapse in crude prices. The plan could boost the liquidity of oil companies by as much as 100 billion Norwegian crowns ($9.7 billion) over […]

Source: Reuters

Press Release: Norway to play leading role in international coronavirus summit

Category: Business News

The European Commission, under its President, Ursula von der Leyen, is to hold a virtual donor conference to mobilise political and financial support for efforts to combat the coronavirus pandemic. The Coronavirus Global Response Summit will be held on 4 May, and Prime Minister Erna Solberg will be one of the co-chairs. ‘We welcome the European Commission’s […]

Source: Regjeringen.no

Press Release: Norway increases defence spending to strengthen its capability and readiness

Category: Business News

Press release | Date: 17/04/2020 Today the Norwegian government presented the new Long Term Plan for the Norwegian Armed Forces. A continued increase in defence spending will strengthen the readiness and endurance of the Norwegian Armed Forces and reduce operational gaps. – A challenging strategic environment constantly reminds us that our freedom and security can not […]

Source: Regjeringen.no

Forbes: Norway Relaxes Coronavirus Restrictions, But Event Ban Continues

Category: Business News

The Norwegian Prime Minister Erna Solberg has announced that several of the country’s emergency measures will be relaxed after Easter. Kindergartens will open again from April 20, while schools for the youngest age groups will open one week later. The reopening of schools for older children will be assessed. Some businesses forced to close because […]

Source: Forbes

Published: April 7, 2020