Economy

Norway’s Wealth Fund Gains $31 Billion on Global Stock Surge

Photographer: Kristian Helgesen/Bloomberg Norway generates money for the fund from taxes on oil and gas, ownership of petroleum… Read More Norway’s sovereign wealth fund, the world’s largest, returned 192 billion kroner ($31 billion) in the second quarter as energy stocks and emerging markets led a rally amid turmoil in Iraq and Ukraine. The Government Pension Fund Global gained 3.3 percent in the ...Full Article

Gender quota put women on top of the pay scale

  After female quotas were introduced in publicly traded joint-stock companies (ASA companies) in Norway, more women are among the companies’ highest paid individuals, and more women are managers. ...Full Article

Norway Gives 60 Million for Climate-friendly Technology

UN Climate Technology Centre and Network (CTCN) and the Norwegian Veritas (DNV GL) announced a strategic partnership to promote the development and diffusion of climate-friendly technologies to developing countries. ...Full Article

Restrictive measures against Russia

The Government has today adopted new restrictive measures against Russia, in line with the decision announced on 11 August. The new regulations were adopted today by the King in ...Full Article

Norway to implement new restrictive measures against Russi

‘The Government will align itself with the EU’s new restrictive measures against Russia. Since the start of the crisis in Ukraine, Norway has stood united with the EU and ...Full Article

Watch The Northern Lights From A Giant Floating Glass Snowflake

Watch The Northern Lights From A Giant Floating Glass Snowflake A snowflake-shaped glass hotel will be floating off the coast of northern Norway’s Tromsø in December 2016, reports say. ...Full Article

Hydropower Storage Solutions

Norwegian researchers are looking to unlock the powerful energy reserves from hydropower storage in two new groundbreaking projects: HydroBalance II and Subhydro.  The two projects recently received funding from ...Full Article

Norway to Be a Real Dreamland with World’s first Floating Snowflake Hotel

Norway will soon have the world’s first floating snowflake hotel. Dutch Docklands is currently working on a project of a floating 5-star hotel in Norway in one of the ...Full Article

Foreign Minister Brende: ‘Regrettable Russian import ban’

‘Russia’s import ban is completely unreasonable. The fact that Russia is implementing these measures shows how important it is that we stand together with our allies and partners in ...Full Article

New gas discovery in the North Sea

Norwegian energy provider Statoil has announced a gas discovery on the northeast flank of the Visund Field (photo) on the Norwegian Shelf in the North Sea.  The well’s primary exploration ...Full Article
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