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Norway, China resume trade talks after Norwegian PM visit

OSLO: Norwegian Prime Minister Erna Solberg led a delegation on a three-day visit to visit China on Friday (7 April), in an official gesture to normalise diplomatic relations with China after six years. She met Chinese Premier Li Keqiang and discussed the signing of a series of “cooperation documents” that include conducting negotiations for free trade agreements. The visiting delegation ... Read More »

Norway, EU agree on new agricultural trade deal

OSLO: Norway and the European Union (EU) have agreed to increase the tax-free import quota for cheese to Norway by 1,200 tons while import quotas for meat shall in total increase by 2,550 tons, online newspaper reported. The two parties agreed on a new deal by Article 19 of the European Economic Area (EEA) agreement, which relates to trade in ... Read More »

Norway seafood exports up 17 percent in March

OSLO: Norway’s Seafood Council said on Wednesday Norwegian seafood exports grew by 17 percent in March to 8.9 billion crowns ($1.04 billion) year-on-year. Volumes decreased by 14 percent to 216,000 tonnes over the same period Norway exported 95,143 tonnes of salmon, the most popular type of fish sold, worth 6.3 billion crowns in March The value of salmon exports increased ... Read More »

Norway, China free trade agreement seems to resume

OSLO: The thick ice between China and Norway seems to slowly be melting. After a six-year long dispute between the two countries, Erna Solberg, Prime Minister of Norway, announce that she will be travelling to China this week and meet with President Xi Jinping to resume work on a free trade agreement between the countries. On Friday 7 April 2017, ... Read More »

Norway to invest millions in cleaner seas

NORWAY: Norway, one of the world’s most important fishing countries, has announced it plans to make sustainable use of the seas and oceans a global priority. It is investing more than 100 million kroners to help combat the dumping of litter and plastic into the sea, which is causing grave concerns in fishing communities. This is the first time that ... Read More »

China: next market for Norwegian salmon exports

OSLO: China is the next market to conquer for Norwegian salmon and seafood investors. “China is too big to ignore,” Hogne I. Tyssoy, portfolio manager of the Holberg Triton fund, said in an interview in Oslo. “Now when it’s opening again, Norwegian seafood has an exciting future in China.” Trade relations between China and Norway were normalized in December, ending ... Read More »

Norwegian Statoil finds new oil & gas reserves

OSLO: Norwegian energy company Statoil made oil and gas discovery in the North Sea in an area not previously known to hold reserves, the government said. Using its Gullfaks C platform, the Norwegian Petroleum Directorate confirmed a discovery of oil and gas in the Gimle field, about 4 miles away from the Gullfaks field that’s already in production. The discovery ... Read More »

Norway salmon price seen easing to 61-62 crowns next week

OSLO: The average price of Norwegian farmed salmon is expected to fall by 1-2 crowns to 61-62 crowns per kilo for deliveries in Oslo next week, sources in the fish farming industry told on Friday. This week prices have ranged from 62 to 63 crowns, in line with expectations. “Prices are down 1 crown to 61-62 crowns next week,” said ... Read More »

Vietnamese chairwoman, Norwegian diplomat laud bilateral ties

HANOI: Vietnam national assembly’s Chairwoman Nguyễn Thị Kim Ngân and Norwegian Ambassador to Vietnam Siren Gjerme Eriksen lauded the growing ties between the two countries during a meeting in Hanoi. The NA Chairwoman suggested increasing experience sharing and technology transfer in fields of Norway’s strength and Vietnam’s demand. Vietnam hopes Norway will open its market for Vietnam’s traditional exports such ... Read More »

Norway shares lower at closing of trade, Oslo OBX lost 0.03%

OSLO: Norway equities were lower at the close on Tuesday, as losses in the Technology Hardware & Equipment, Diversified Financials and Materials sectors propelled shares lower. At the close in Oslo, the Oslo OBX lost 0.03%. The biggest gainers of the session on the Oslo OBX were REC Silicon ASA (OL:REC), which rose 2.21% or 0.03 points to trade at ... Read More »

Norway’s Hoegh LNG Holdings targeting Australia as next destination for LNG

OSLO: Norway’s Hoegh LNG Holdings is targeting Australia as the next destination for its liquefied natural gas (LNG) import ships, its chief executive said on Monday, aiming to fill a looming supply gap that has sent prices soaring. Hoegh has just started talking to Australia’s energy retailers and also sees big gas users as potential customers, with floating regasification and ... Read More »

Ownership of Norway’s Nyhamna gas processing plant expected to expand

OSLO: The ownership of Norway’s Nyhamna gas processing plant, a major supplier of energy to Britain, could expand to 13 companies in 2017 from the current five when Gassco succeeds Royal Dutch Shell Plc (NYSE: RDS.A) as the facility’s operator, Shell told press. Currently processing gas from the offshore Ormen Lange Field, Nyhamna will also receive gas from Statoil ASA’s ... Read More »

Norway trade surplus increase significantly in February

OSLO: Norway’s foreign trade surplus increased notably in February from a year ago, as exports surge and imports fell, figures from Statistics Norway showed on Thursday. The trade surplus rose to NOK 23.5 billion in February from NOK 10.8 billion in the corresponding month last year. In January, the surplus was NOK 26.6 billion. Exports jumped 18.0 percent year-over-year in ... Read More »

Norwegian crab firm eyes huge potential of Asia markets

BERGEN: The volumes of king and snow crab available out of Norway may be small, but there’s plenty of money to be made by those companies selling them, as demand from Asian markets heightens. This was the verdict from Erlend Johnsen, sales executive with Honningsvag, Norway-based Cape Fish Sales, speaking at the shellfish session of the recent North Atlantic Seafood ... Read More »

Norwegian cod exports to Portugal rise by 9% in 2016

OSLO: Norwegian exports of cod to Portugal rose by 9% year on year in 2016 to €271.4 million, totaling 48,603 tons, the Norwegian Fishing Council (Norge) said. Portugal’s national dish is salted cod and there are said to be enough recipes to eat a different Portuguese cod dish on every day of the year. It is traditionally eaten boiled on ... Read More »

Norway plans to scrap airline tax

OSLO: At its national conference, Norway’s governing Hoyre party announced that it plans to scrap a mandatory airline tax connected to last year’s closure of Oslo Rygge Airport. The party wants to replace the flat fee with a new type of tax that would have a “clear environmental effect”. The proposal, which came from the Ostfold division of the party, ... Read More »

Norway February inflation fall to four-year lowest

OSLO: Norwegian consumer prices fell to four-year lows in February, Statistics Norway said, putting pressure on the central bank to maintain an easing bias on interest rates and plunging the crown currency to a four-month low against the euro. Core inflation, which excludes effects of tax changes and energy prices, tumbled to 1.6 percent year-on-year from 2.1 percent in January, ... Read More »

Domino’s takeover Norwegian pizza chain of £4m

OSLO: Britain’s biggest pizza delivery firm, Domino’s Pizza Group PLC said that it bought Norwegian pizza chain Dolly Dimple’s from Norges Gruppen for an enterprise value of 4 million pounds ($4.86 million) through its associate Pizza Pizza Norway. Domino’s plans to integrate the Dolly Dimple’s business into their operations in Norway, which currently has 12 operating stores. The combined operation ... Read More »

Norway, UK must have new post-Brexit trade deals

OSLO: Norway and the UK must enter into new bilateral trade deals post-Brexit that goes well beyond a traditional agreement given the “profound” economic integration between the two countries, including in the energy sector, the Norwegian government said. The UK is increasingly dependent on gas imports from Norway, with pipeline gas supplies in January hitting a new record high, and ... Read More »

Norwegian experts mark trade with China positive

OSLO: Trade frictions between China and the European Union (EU) have their global impact, but Norwegian experts say these frictions could not undermine the relationship between the two sides and overall international trade. They said more transparency and respect of World Trade Organization (WTO) agreements and international regulations will boost cooperation and prevent trade protectionism. China has expressed doubts about ... Read More »