Interesting facts about Norway in 2024?

Norway business guides

  1. Norwegians rejected EU membership twice in referendums, but the country have implemented more EU directives than any of the actual EU member states;
  2. Norway is the world’s second-largest natural gas exporter;
  3. Norway saves state revenue from the petroleum sector in the world’s second largest sovereign wealth fund, valued at over $700 billion in January 2013 and uses the fund’s return to help finance public expenses;
  4. Grocery stores are not allowed to be open on Sundays, but gas stations and kiosks can (and they sell groceries);
  5. Norway was one of the first countries to establish a Ministry for the Environment (1972);
  6. Hydropower accounts for 99 per cent of the electricity generated in Norway;
  7. In Norway, wine and liquor is only sold in a monopoly store called “Vinmonopolet”, which translates to “The Wine Monopoly”;
  8. The Nobel Peace Prize is awarded in Oslo, Norway’s capital, every year;
  9. In Norway, education is free, even college and university education;
  10. In Norway, speeding fines are often more serious than if a person is caught with drugs;
  11. Before starting a new enterprise, an entrepreneur should draft a business plan. There is no obligation to produce such business plan, but in-depth work at this stage will increase the likelihood of the project turning out well, and will provide a better overview of the real risks in the business concept.

Frequently asked questions

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For additional information on our company registration services in Norway, please contact our in-house country expert, Mr. Seth Ochieng, directly:
Director of Client Engagements - Seth
  • Mr. Seth Ochieng
  • Director of Client Engagements
  • Contact me!
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