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The oil and gas industries play a dominant role in the Norwegian economy, providing a source of finance for the Norwegian welfare state through direct ownership of oil fields, dividends from its shares in Equinor, and licensure fees and taxes. The oil and gas industry is Norway's largest in terms of government revenue and value-added.
In Norway, most public sector employees worked within local government as of 2023, with a total of 574,498 employees, while the central government employed 328,959 individuals. [ 17 ] In terms of salaries, the central government sector in Norway offered the highest average monthly pay in 2022, with men earning 61,370 Norwegian kroner and women ...
The Standing Committee on Finance and Economic Affairs (Norwegian: Finanskomiteen) is a standing committee of the Parliament of Norway.It is responsible for policies relating to economic policy, monetary and credit policy, the financial and credit system, financial administration, block grants to municipalities and counties, taxes and duties to the State Treasury, state guarantees for exports ...
Norway has stopped its deep-sea mining plans due to political pressure. Environmentalists focus on Japan's aspirations as the International Seabed Authority (ISA) develops sea mining regulations.
Norway’s government said Thursday it will help ailing low-cost carrier Norwegian Air Shuttle - a U-turn from its previous refusal to do so - as long as the company manages to raise 4.5 billion ...
Despite this however, Sweden still has the highest government spending-to-GDP ratio of all the Nordic countries, it retains national-level sectoral bargaining unlike Denmark and Iceland, with over 650 national-level bargaining agreements, [45] it retains the Ghent system unlike Norway and Iceland and consequently has the second-highest rate of ...
Rare Earths Norway’s discovery comes at a time when Europe and the U.S. have had tense trade relations with China. Many of those tensions are wrapped up in national-security issues as well.
The Støre Cabinet is the incumbent government of the Kingdom of Norway, headed by Labour Party leader Jonas Gahr Støre as Prime Minister.The government was appointed by King Harald V on 14 October 2021, following the parliamentary election on 13 September, consisting of the Labour Party (Ap) and the Centre Party (Sp) as a minority government.