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New ambassadors from Suriname, Albania and Botswana

Three ambassadors presented their letters of credence to His Majesty King Harald V on 10 October 2024.

Roadmap for ramping up production capacity in the defence industry: Norwegian Government earmarks NOK 967 million for boosting the defence industry

The Norwegian defence industry produces important materiel for Norway, Ukraine and its allies, but the current production capacity is insufficient to meet needs. The Minister of Defence and the Minister of Trade and Industry today announced the

Speech at G20 energy transition working group

Minister of Energy Terje Aasland delivered this speech at the minister meeting in the G20 energy transition working group in Foz do Iguaçu, Brazil on October 4th 2024.

By Minister of Energy Terje Aasland

Speech by the Prime Minister at the  Commemoration of 7 October – first anniversary of the terrorist action against Israel

'We condemned the terrorist attack when it happened. We continue to condemn all acts of terrorism now. As we come together today, we share a sense of unity that extends across our religious and political points of view and personal narratives. And

By Prime Minister Jonas Gahr Støre at the Jewish Community of Oslo, Oslo Synagogue

Prime Minister Støre met with Crown Prince of Abu Dhabi

Prime Minister Jonas Gahr Støre met today with His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi. This is the Crown Prince’s first visit to Norway.

A responsible approach to floating offshore wind

The government’s offshore wind initiative continues on a steady course. The government will announce the next project areas for development of offshore wind on the Norwegian continental shelf in 2025 and is proposing 35 billion NOK for a support

Norwegian Government to expand and extend support for Ukraine’s fight for freedom

The Norwegian Government is proposing to increase the overall funding framework for the Nansen Support Programme for Ukraine to NOK 135 billion and to extend the Support Programme for an additional three years. The proposed allocation represents a

Fund Performance

GPFN annual geometric average return. Measured in Norwegian kroner. Per cent Half year 2024 Last 5 years Last 10 years Since 2007 GPFN Portfolio 6.97 8.32 7.59 7.57 Benchmark index 6.50 7.40 6.63 6.58 Excess return (percentage points) 0.47 0.92 0.96

Fund Performance

GPFG annual geometric average return. Measured in the currency basket. Per cent Half year 2024 Last 5 years Last 10 years Last 20 years GPFG Portfolio 8.59 7.99 7.07 6.80 Benchmark index 8.62 7.57 6.83 6.59 Excess return (percentage points)1 -0.04

The government proposes to increase the allocation for resource and environmental mapping of seabed minerals

The government will facilitate responsible, sustainable and profitable seabed mineral activity on the Norwegian continental shelf. We need more knowledge about the mineral resources, the environmental conditions in the Norwegian deep-sea areas, and

The National Budget 2025: The Norwegian government proposes a 19 billion (NOK) increase in defence spendings

The Norwegian government proposes to increase the defense budget for 2025 by NOK 19.2 billion, up to a total of NOK 110.1 billion. The proposal fulfills the first major promise of the Norwegian long-term defence plan and exceeds NATO's target of its

The Longship project is near completion

The Norwegian government continues its investment in the Longship project and proposes an allocation of 2.1 billion NOK in the state budget for 2025. In 2025, a large part of the full-scale project for CCS in Norway will be completed.

Large revenues from the petroleum industry in 2024

The state's net cash flow from petroleum activities is estimated to be 680 billion NOK in 2024. These revenues go into the Norwegian Government Pension Fund Global and are expected to provide approximately 20 billion NOK into future budgets.

The National Budget 2025: A budget that provides security for the population and country, and develops the whole of Norway

Through the proposed National Budget for 2025, people will be financially better off, Norway’s preparedness against war and crime will be strengthened, and social and geographical differences will be reduced. Unemployment is still low, wages are

Meld. St. 1 (2024–2025) - The National Budget 2025

Chapter 2.1 and 3.1

Prop. 1 LS (2024–2025) - Taxes 2025

For the 2025 Budget Year – Chapter 1 and 2

The National Budget 2025: Closing tax loopholes by amending the exit tax rules

In practice, the current exit tax rules function as a tax loophole. The Government wants to close this loophole and proposes, in the National Budget for 2025, to amend the exit tax rules to make them more effective and fairer.

Statement by Minister of Foreign Affairs Espen Barth Eide on the anniversary of the terror attack against Israel

‘On the anniversary of Hamas' brutal terrorist attack on 7 October, I send my deepest condolences to all those who lost someone or were injured that day. Up to 1,200 people were killed in the most brutal way. The horrific attack has left deep wounds

The National Budget 2025: Key Figures in the National Budget 2025

The Ministry of Finance publishes selected key figures at 8 am, prior to the publication of the budget, which includes more detailed projections, at 10 am.

Speech at roundtable meeting in Brazil

Minister of Energy Terje Aasland delivered this speech at a roundtable meeting on carbon management in Foz do Iguaçu, Brazil, on October 3, 2024

By Minister of Energy Terje Aasland