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Norway

Blood flow measurement devices market by price, revenue and gross margin,

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OLSO: This report focuses on the U.S. market and presents volume and value of market share by players, by regions, by product type, by consumers and also changes in prices. The Global and Japan Blood Flow Measurement Devices market presents volume and value of market share by players, by regions, by product type, by consumers and also changes in prices. ... Read More »

In Norway, Plug in Hybrids set 4th sales record in a row Tesla Surges,

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OLSO: Surprising no one, plug in electric vehicle sales in Norway stay strong in november.  Somewhat interestingly, outside of Tesla, most of the growth was via plug-in hybrid models that set a new sales record for the fourth month in a row. All electric sales were just slightly higher than one year ago, but PHEVs surged by almost 80% to ... Read More »

Jeremy Corbyn to take aim at tax avoidance in speech at UN.

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NORWAY: Jeremy Corbyn will describe “grotesque” levels of inequality and mass tax avoidance as among the most pressing challenges faced by the world, in a speech at the UN in Geneva. The labour leader will highlight four main threats faced by humanity: the concentration of wealth and power in a small group, exacerbated by tax avoidance; climate change; the refugee ... Read More »

Jeremy Corbyn to take aim at tax avoidance in speech at UN

norway

OSLO: Jeremy Corbyn will describe “grotesque” levels of inequality and mass tax avoidance as among the most pressing challenges faced by the world, in a speech at the UN in Geneva. The labour leader will highlight four main threats faced by humanity: the concentration of wealth and power in a small group, exacerbated by tax avoidance; climate change; the refugee ... Read More »

Norway’s new tax plan could double electric vehicle unit costs

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OSLO: Norway’s  new tax plan could double electric-vehicle unit costs, and add as much as $9,975 to the retail price of the Tesla Model X. Electric vehicle manufacturer Tesla’s faltering market advance across Scandinavia is being further impeded by serial disputes with governments and doubts over pension-fund investments. In Norway, Climate & Environment minister vidar helgesen has put Tesla under ... Read More »

Norway sovereign wealth fund wants forex traders to restore trust

NORWY

  OSLO:  The world’s biggest sovereign wealth fund has urged banks to do more to restore investors’ confidence in the global foreign exchange market after a series of scandals. The $5tn-a-day market for currency trading is dominated by global banks, and Norges Bank Investment Management has taken aim at the controversial practice of “last look”. This type of activity enables ... Read More »

Lessons from Norway-Sweden border for post-Brexit Britain

NORWAY

  OSLO: Scandinavia has a lesson for British customs officials ahead of Brexit: policing the European Union’s outer limits can be hard work. Norway has the closest possible trading relationship with the EU without actually being part of the bloc, but its border with Sweden is still a haven for smugglers that requires an alert and nimble border force. And ... Read More »

EU proposes signing VAT cooperation deal with Norway

NORWAY

  OSLO: The European Commission on October 26, 2017, released a proposal for a EU Council decision on the signing of an administrative cooperation agreement between the EU and Norway, to support value-added tax (VAT) enforcement activities. Negotiations on the agreement were launched in June 2015. The Commission says it will provide EU member states and Norway with a solid ... Read More »

Norway’s unemployment seen falling to 2.4% in 2019

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OSLO: Norway’s average annual registered unemployment rate will probably drop to 2.5 percent in 2018 from 2.7 percent in 2017 and fall further to 2.4 percent in 2019, the Labour and Welfare Administration (NAV) predicted on Thursday. The forecast for 2018 was cut by 0.1 percentage point compared to a predition made in June. In September, registered unemployment fell to ... Read More »

Norway salmon price seen stable around NOK 49-50 next week

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OSLO:  The price of Norwegian farmed salmon is expected to remain stable around 49-50 Norwegian crowns per kilo next week for deliveries in Oslo, industry sources told Reuters on Friday. “It’s a quiet market and a wait-and-see attitude, but our view now is that prices will be at around 50 crowns next week,” said a salmon producer who declined to ... Read More »

Tesla tax’ could hit Norway, the world’s top EV market

NORWAY

  OSLO: Norway, which has emerged as the world’s leading market for zero-emission electric vehicles despite also leaning heavily on revenue from oil extraction, may be on the verge of enacting steep cutbacks to some of the tax breaks for Teslas and other EVs. The proposed 2018 budget, released by Norway’s center-right government, would mainly target electrified cars weighing more ... Read More »

Qatar, Norway puts on the brakes but oil cash splurge is hard to kick

OSLO: Putting on the brakes is a relative term in Scandinavia’s richest economy.  The Norwegian government yesterday proposed spending 231.1bn kroner ($29bn) of its oil income and wealth to plug a deficit equal to 7.7% of gross domestic product, roughly unchanged from this year. To do this, it will withdraw 72bn kroner from its massive wealth fund, up from a ... Read More »

Dutch pensioners arrested smuggling 100kgs of hashish into Norway  

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  OSLO: A Dutch retired couple have been arrested in Norway for trying to smuggle 100 kilos of cannabis into the country, according to Norwegian media reports. The couple, a man aged 68 and a woman aged 75, had hidden the drugs throughout their car. They were caught following a tip-off trying to enter Norway after travelling by ferry from ... Read More »

Norway’s cod exports hike in September, but pelagics down YOY

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OSLO: So far this year Norway has exported 59,000 metric tons of frozen cod, including fillets, worth a total of NOK 1.9 billion ($237.1 million), according to the Norwegian Seafood Council (NSC). Despite a decline in seafood exports in September, Norway has exported 1.8m metric tons of seafood at a value of NOK 69bn so far this year. This is ... Read More »

Norwegian ex-cop sentenced to 21 years for drug smuggling

NORWAY

  OSLO: Oslo District Court sentenced on Tuesday former policeman Eirik Jensen to 21 years in prison for gross corruption and conspiracy to smuggle hashish. Drug trafficker Gejmund Capelen was sentenced to 15 years’s imprisonment for drug smuggling and corruption, reports broadcaster NRK. The court gave Jensen the longest possible sentence, saying that there were no mitigating circumstances, according to ... Read More »

HNIs may face inheritance tax heat soon

NORWAY

  OSLO: If government has its way, high net worth individuals will soon have to pay an inheritance tax. In this regard, the government has sought feedback, including recommendations, on the proposed re-introduction of inheritance tax, according to a report by Economic Times. The government will levy tax ranging from 5% to 10% on families with a certain net worth, ... Read More »

Norway’s NHO cuts 2017 mainland GDP growth forecast

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OSLO: Norway’s top business lobby on Thursday cut its forecast for mainland economic growth to 1.5 percent in 2017 from an earlier prediction of 2.1 percent made in June. The Confederation of Norwegian Enterprise, known locally as NHO, raised the forecast for 2018 to 2.2 percent growth from 2.0 percent and the 2019 outlook to 2.3 percent from 2.2 percent. Read More »

Norway jails top policeman for smuggling hashish

NORWAY

  OSLO: A senior Norwegian police officer has been sentenced to 21 years in prison for taking bribes and aiding a notorious drug smuggler. Eirik Jensen, who was responsible for combating organised crime in the capital Oslo, was arrested in 2014. On Monday, a court found he had received at least 667,800 kroner (€71,300, £63,200) in bribes to help smuggle ... Read More »

Norway plans tax breaks for remotest Arctic oilfields

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OSLO: Norway’s government plans to make taxpayers rather than oil companies pay special U.N. fees for any offshore production from remote Arctic regions, according to letters sent to oil firms and seen by Reuters. The plan could serve as an example for other nations looking to fund exploration of the seabed ever further from land. It was criticized by opposition ... Read More »

Norway’s Statoil, Argentina’s YPF ink exploration deal

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OSLO: Norway’s Statoil and Argentina’s leading energy company YPF have entered into an agreement to jointly explore hydrocarbons in the Bajo del Toro block in the Neuquén Basin onshore Argentina, the Norwegian energy major said on August 25. The preliminary agreement between the companies was signed on August 24 in Geneva by Statoil’s executive vice president for Exploration, Tim Dodson, ... Read More »