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Business and Investment News

Norway Plans to Buy Five New Boeing P-8 Poseidons

Business

Category: Defense / Security

Norway has proposed replacing its aging fleet of Lockheed Martin P-3 Orions and Dassault DA-20 Jet Falcons with five new Boeing P-8 Poseidons, the country’s minister of defense announced on 25 November. The Norwegian government has set aside $1.5 billion to replace the six P-3s and three DA-20s. The contract will include aircraft, sensors, surveillance […]

Source: FlightGlobal

Published: December 17, 2018


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Big Oil Slipped ‘Poison Pill’ as Norway Seeks to Limit Exodus

Category: Business and Investment News

As one oil major after the other considers leaving Norway, the alarm bells are sounding at the country’s Petroleum and Energy Ministry. Officials warned companies this month that they could be on the hook for the billions of dollars it costs to close oil fields even if they sell their entire local subsidiary, a liability previously […]

Source: Bloomberg


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Norway’s Premier in Toughest Budget Battle as Election Looms

Category: Business and Investment News

Norway’s Prime Minister Erna Solberg is in her most difficult political battle as she struggles to get her support parties to back the minority government’s spending plan ahead of next year’s election. The Liberal Party has so far declined to support the 2017 plan, demanding deeper reductions in climate gas emissions and balking at a […]

Source: Bloomberg


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‘World’s most beautiful banknotes’ debut in Norway

Business

Category: Accounting / Financial

Norway’s central bank unveiled the nation’s new bank notes on Tuesday and it doesn’t take a super keen observer to see what is different about them. For the very first time in the nation’s history, Norway’s bank notes will not be adorned with portraits. Instead, the bills pay homage to Norway’s tight bonds with the […]

Source: The Local


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Norway Honors War Hero

Business

Category: Defense / Security

Former CIA Director William Colby was the leader of Operation RYPE, one of the most important sabotage operations in Norway during the Second World War. On Saturday his actions were honored in a ceremony at Arlington Cemetery with his family. William Colby is one of many great American heroes from the Second World War. He […]

Source: Norway.org


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