Money & Finance

Money and Finance

Norwegian farmers face tougher times

The Government has been given support by Parliament (Storting) to continue the cooperation with the so-called G10 nations in the further negotiations in the World Trade Organisation (WTO).
This will mean reduced import duty on farm produce..

Pension Fund recaps losses

 

 

 

 

The Norwegian Central Bank reports a record annual return for the Government Pension Fund Global in 2009. The fund returned 25.6 percent, equivalent to 613 billion kroner. This was 4.1 percentage points higher than the return on the benchmark portfolio.

Court decides in favour of shipowners

 

 

 

 

The Norwegian Supreme Court has awarded in favor of the shipping companies that the retroactive tax imposed in 2007 for the years 1996-2006 was in breach of the Norwegian Constitution.

 

OECD economic survey of Norway

The Organisation for Economic Co-operation and Development (OECD) has presented its economic survey of Norway for 2010, in which a further tightening of the Norwegian economy is recommended. (Photo: Finance Minister Sigbjørn Johnsen)

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