Economy

Chinese tycoon agrees to buy Norway land

The Chinese property billionaire blocked from buying a huge chunk of Iceland is reportedly close to buying up a 100 hectares of the scenic Lyngen coastline. Huang Nubo, a Communist party member who spent ten years working in the country’s propaganda ministry, on Thursday agreed to buy the site, which has already received planning permission for a series of ...Full Article

Norwegian gas firm signs $40m deal to supply floating terminal

Egypt has signed a deal with Norway’s Hoegh to supply a floating terminal needed to import liquefied natural gas (LNG), the petroleum ministry said on Monday, marking a step ...Full Article

Subsidies may attract foreign film producers to Norway

A recent report concludes that up to 10 foreign films will choose to film their productions in Norway each year if the Ministry of Culture gives them financial aid.  ...Full Article

Top Putin aide was in Oslo for oil talks: Statoil

Igor Sechin, one of the most powerful figures in Vladimir Putin’s Russia, was in Oslo this month to hold talks with Statoil over its international projects, Reuters reported on ...Full Article

Norway seafood exports boom on $435m salmon sales hike

Norway saw its seafood exports boom by 25% in value in the first three months of the year, another record driven largely by a huge increase in salmon sales. ...Full Article

Canada-Norway Security Arrangement to Boost Trade

Canada and Norway have signed an industrial security arrangement that supports ongoing bilateral trade and contributes to international security. It opens the door to more opportunities for Canadian companies ...Full Article

Trade & Investment minister visits Norway

Lord Livingston was appointed Minister of State for Trade and Investment in December 2013 – working with both the Department for Business, Innovation and Skills and the Foreign and ...Full Article

Norway supports China’s participation in Trade in Services Agreement talks

“I am pleased that China has today confirmed that it would like to participate in the negotiations on an international Trade in Services Agreement,” said Minister of Foreign Affairs ...Full Article

Norway becomes eleventh State Party to the UN Arms Trade Treaty

Norway’s Ambassador to the UN, Geir Otto Pedersen, deposited on 12 February Norway’s instrument of ratification, which makes Norway a State Party to the Arms Trade Treaty. Mr Pedersen submitted ...Full Article

Norway’s finmin keeps bank countercyclical buffer unchanged

(Reuters) – The level of the countercyclical capital buffer for Norwegian banks should remain unchanged, in line with advice from the central bank, the finance ministry said on Friday. Last December, the ministry ...Full Article
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