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Norway

Capital: Oslo; GDP growth (annual %) 2016: 1.1%;

Higher earning Why a university degree is worth more in some countries than others

A university education may expand your mind. It will as well fatten your wallet. Data from the OECD, a club of rich nations, show that graduates can expect far better lifetime earnings than those without a degree.

The size of this premium varies. It is greatest in Ireland, which has a high GDP per chief and rising inequality. Since 2000 the unemployment rate for under-35s has swelled to 8% for those with degrees – but to additional than 20% for those without, and nearly 40% for secondary school drop-outs. The country’s wealth presently goes disproportionately to workers with letters next their names.
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Norway’s Statoil sells stake in oil block in Angola

Norwegian oil company Statoil has sold the 20 % share it held in the company responsible for oil production in block 4/05 of the Angolan sea, according to an executive order signed by the Angolan Oil Minister.

The document signed by Jose Maria Botelho de Vasconcelos authorises the transfer of Satoil’s interest in the production sharing arrangement on that block, north of Luanda, but does not explain reasons or funds involved in the transaction.
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Norway uses money from its ’rainy day’ fund

The withdrawal took place in January at the same time as 6.7 billion Norwegian krone ($780 million) was used to pay for public spending, according to newspaper Dagens Naeringsliv.

The $826 billion wealth fund, called the Government Pension Fund World, was set up twenty years ago. The purpose is to share the wealth from oil and gas production with next generations. The fund is invested abroad in stocks, bonds and real estate.
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GlObserver provides the latest business news Country Analysis and Reports for A

Key Facts: Full name: Kingdom of Norway
Population: 4.9 million (UN, 2011)
Area: 323,759 sq km (125,004 sq miles)
Major language: Norwegian
Major religion: Christianity
Life expectancy: 79 years (men), 83 years (women) (UN)
Monetary unit: 1 Norwegian krone = 100 ore
Main exports: Fuels and fuel products, machinery, metal products
GNI per capita: US $88,890 (World Bank, 2011)
Internet domain: .no
International dialling code: +47

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Country profile

Climate change laws around the world
2017/05/14
There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.

The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.

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Brexit negotiations should treat energy as ‘special case’
2017/05/14
There are strong practical reasons why the UK and EU should treat energy as a appropriate case during Brexit negotiations, argues a new statement.

The statement, jointly authored by Chatham Home, the University of Exeter and the UK Energy Research Centre (UKERC), says finding common ground on energy during the Brexit negotiations would benefit both the UK and remaining EU27, while compromise may be relatively easier to achieve than for other areas.

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Outlook for 2013-17
2013/11/03
The country (Norway) is situated in Northern Europe, nearby the North Sea and the North Atlantic Ocean, west of Sweden.
It has borders with Aland Islands for Finland for 727 km, 727km, and Russia for 196 km and Sweden for 1619km.
Land in Norway is glaciated and mostly high plateaus and rugged mountains broken by fertile valleys The country is small and scattered plains with a coastline deeply indented by fjords, arctic tundra in north. Norwegian land covers an area of 324 220 km².

The climate is temperate along the coast and is modified by North Atlantic Current. It is colder interior with increased precipitation and colder summers; rainy year-round on west coast. Norwegian(s) speak Bokmal Norwegian (official), Nynorsk Norwegian (official), small Sami- and Finnish-speaking minorities; note - Sami is official in municipalities.

OVERVIEW

The centre-left coalition of the Labour Party, the Socialist Left Party (SV) and the Centre Party was returned to office with a slim in general majority at the election in 2009. The risk that the coalition will break up before the election in September 2013 is presently very low, despite internal tensions stemming from the weakness of the junior partners, the SV and the Centre Party.

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