Norway News
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ANGOLA, 2016/03/26
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, 2016/03/06
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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ALBANIA, 2016/01/02
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AFGHANISTAN, 2016/01/02
World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday.
IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide.
Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
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NORWAY, 2015/06/07
IMF predicts a GDP increase for mainland Norway of 1.4 % this year and slightly higher next year, broadly in line with projections in the Government’s Revised National Budget for 2015. Unemployment is projected to increase slightly, but remain at a relatively low level.
“I note that the IMF-delegation supports the economic program that my Government recently presented it in the Revised National Budget. IMF confirms our analysis of the challenges facing the Norwegian economy and that we are facing a transition to a new normal,” says finance minister Siv Jensen.
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AFGHANISTAN, 2015/01/20
Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday.
In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.
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AFGHANISTAN, 2015/01/20
The richest 1 % are likely to control additional than half of the globe’s total wealth by next year, the charity Oxfam reported in a study released on Monday. The warning about deepening world inequality comes just as the world’s business elite prepare to meet this week at the annual World Economic Forum in Davos, Switzerland.
The 80 wealthiest people in the world all own $1.9 trillion, the statement found, nearly the same all shared by the 3.5 billion people who occupy the bottom half of the world’s gain scale. (Last year, it took 85 billionaires to equal that figure.) And the richest 1 % of the people, who number in the millions, control nearly half of the world’s total wealth, a share that is as well increasing.
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NORWAY, 2014/10/16
Norway's merchandise trade surplus in September increased from a year ago, as exports grew faster than imports, figures from Statistics Norway showed Wednesday.
The trade surplus grew to NOK 21.623 billion from NOK 18.908 billion in the same month last year. In August, the surplus was NOK 21.846 billion.
Exports increased 7.7 % annually and imports grew 5 %. Month-on-month, exports climbed 7.8 % and imports rose 12.2 %.
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NORWAY, 2014/09/12
The Norwegian Seafood Council would like to reassure the public that Norwegian salmon is safe and healthy to eat.
The Chinese Government has alerted a full stop in import of whole Norwegian salmon with result fromSeptember 10th 2014, due to concerns that a certain fish illness could affect Chinese aquaculture. The reason was at no time due to food safety or concerns for the consumers.
There is no change in the safety or healthiness of Norwegian salmon. The ISA virus, which have been subject to some media attention inChina in recent days, is solely a fish illness, and cannot be transferred to humans. As well: Fish illnesses are not transferrable to humans or related to human sicknesses, on which there have been several misunderstandings in Chinese media over the last few days.
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ICELAND, 2014/05/28
Iceland and Norway have signed up to join the EU’s Horizon 2020 research and innovation program.
In doing so, the Scandinavian nations have become the initial nations outside the EU to associate with the seven-year initiative. The decision, which was made at a European Economic Sector(EEA) Joint Committee conference, allows companies and researchers from Iceland and Norway to participate in the same way their EU counterparts do, said the EU in a statement.
In return, the two northern nations will inject funds into Horizon 2020, which was launched at the beginning of the year with a budget of almost 80bn euros over seven years starting this year and finishing 2020.
