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A new normal for Norway

The Norwegian economy is booming. COVID-19 restrictions are lifted and we are heading out of the pandemic. Economic growth is strong, unemployment is low. A shortage of labor is leading to mounting pressure. At the same time, the war in Ukraine

Carbon Border Adjustment Mechanism – Norwegian Positions

Norway and the EU have a strong relationship, sharing common fundamental values and a common regulatory framework through the European Economic Area (EEA). We are partners and cooperate to fulfil common climate targets.

The Government Pension Fund Global to exit Russia

The Ministry of Finance has today informed the Fund manager Norges Bank to immediately freeze all investments made by the Government Pension Fund Global (GPFG) in Russia. The Ministry has further requested Norges Bank to prepare a plan for the

Norway to increase support to Ukraine and provide military equipment

The Norwegian Government has allocated up to NOK 2 billion for humanitarian assistance to Ukraine, and will provide military equipment such as helmets and bulletproof vests to the war-torn country. The Government will also align itself with the

OECD on the Norwegian economy: High activity and challenges for fiscal policy

OECD today published their biannual survey of the Norwegian economy, with recommendations on how the government should face important challenges ahead. The report illustrates the high activity of the Norwegian economy heading out of the pandemic. At

Major initiative to promote offshore wind power

The Government has announced plans to implement phase one of wind power production in the area of Sørlige Nordsjø II. The electricity produced from these wind farms will be transmitted via subsea cable to the Norwegian mainland. The goal is to

Norges Bank's work on responsible investing

The aim of Norges Bank's responsible investing activities is to promote long-term value creation and to contribute to good corporate governance and responsible business conduct. In its management of the GPFG, Norges Bank shall emphasise the fund's

Ethical guidelines

The Government Pension Fund Global (GPFG) has been subject to guidelines for observation and exclusion since 2004. The guidelines have since been further developed, most recently in 2021 on the basis of recommendations in NOU 2020: 7 Values and

Expert group report on Norges Bank’s active management of the GPFG

On 3 January 2022, the expert group reviewing Norges Bank’s active management of the Government Pension Fund Global (GPFG) submitted its report to the Ministry of Finance.

New rules on covered bonds

Today, the Government has proposed new legislation to implement the Covered Bonds Directive in Norway.

Government launches electricity support package worth billions

The government has today announced a temporary scheme that will help ordinary people across Norway to cope with their electricity bills this winter, with energy prices recently reaching new record highs. The scheme will provide support to households

Convention Norway - Belgium

Tax treaty between Norway and Belgium The Convention between the Kingdom of Norway and the Kingdom of Belgium for the avoidance of double taxation with respect to taxes on income and for the prevention of fiscal evasion was signed on 23 April 2014

Change in the mandate for the committee on long-term perspectives for the Government Pension Fund Global

The Government has decided to change the mandate for the committee appointed to review which developments internationally and in the financial markets may affect risk and return in the Government Pension Fund Global (GPFG) and assess what

Amendment to the 2022 Fiscal Budget Proposal: A new and fairer course for the whole of Norway

Opportunities throughout the country, higher employment, labour market security, a fairer distribution of income and wealth and fairer climate policies are key priorities in the new government's proposed changes to the 2022 budget.

Amendment to the 2022 Fiscal Budget Proposal: Key figures in the Amendment to the 2022 Fiscal Budget Proposal

To ensure simultaneous access to information that might be market sensitive, the Ministry of Finance publishes selected key figures prior to the budget launch at 12:00 am.

The lending regulation 1 January 2021 to 31 December 2022

This article gives an overview of the Norwegian lending regulation from 1 January 2021 to 31 December 2022.

Meld. St. 1 (2021–2022) National Budget 2022 - Chapter 3.1

Norwegian National Budget 2022 Chapter 3.1 Fiscal policy (Solberg Government).

Meld. St. 1 (2021–2022) National Budget 2022 - Chapter 2.1

Norwegian National Budget 2022 Chapter 2.1 Norwegian economy (Solberg Government).

Prop. 1 LS (2021–2022) - Taxes 2022

Prop. 1 LS (2021–2022) Proposition to the Storting (bill and draft resolution) For the Fiscal Year 2022

Climate risk and the Government Pension Fund Global

Managing risks associated with climate change and the green transition

Report from an expert group appointed by the Ministry of Finance. 15 August 2021. English translation of the original report’s executive summary and chapter 7 with recommendations.