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Every Fifth Car on the Road in Norway Is Now Electric

Business

Category: Automobile / Transport

Norway has reached another milestone in electric-vehicle adoption with every fifth car in the country now emission-free. The Norwegian Electric Vehicle Association estimates that it will take just under two years for EV cars to reach 30% of total, it said in a website statement on Monday. The share rose to 20% from 1/10 in less than […]

Source: Bloomberg


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Norway’s Hydro plans wind farm to power industrial plants

Category: Business News

OSLO, Dec 19 (Reuters) – Norwegian aluminium maker Norsk Hydro (NHY.OL) and two partners said on Monday they plan to build an onshore wind farm costing between 3 and 4 billion Norwegian crowns ($304 million-$405 million) on Norway’s west coast. The plant, if approved, would have output of 1 terrawatt hour (TWh) of electricity, providing renewable power […]

Source: Reuters


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Eksfin has provided the seafood industry with NOK 12 billion in financing

Category: Business News

Since 2015, Eksfin has contributed NOK 12 billion in loans and guarantees to the seafood industry. In recent years, Eksfin (Export Finance Norway) has experienced strong growth in the demand for loans and guarantees for the seafood industry. Eksfin, which is a government supplement to private funding, is impressed by the growth of the Norwegian […]

Source: Eksfin


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Kongsberg, Raytheon in 128 mln euro deal to deliver naval missile system to Romania

Category: Business News

BUCHAREST (Romania), December 13 (SeeNews) – Norwegian defence related systems and products supplier Kongsberg Defence & Aerospace said on Tuesday it has been awarded a 1.35 billion NOK ($135 million/ 128 million euro) contract by U.S.-based Raytheon Missiles & Defense for the delivery of a Naval Strike Missile (NSM) Coastal Defence System to Romania. The […]

Source: SeeNews


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WTO says Trump’s steel tariffs violated global trade rules

Category: Business News

The World Trade Organization ruled on Friday that former President Donald Trump violated global trade rules in 2018 when he invoked national security concerns to justify his tariffs on steel and aluminum products from around the world. The Biden administration strongly condemned the decision, which it said was further proof that the WTO dispute settlement […]

Source: Politico


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