Norway
Membership in EU:
Political system:Monarchy
Capital city:Oslo
Total area: 323 802 km²
Currency:Norwegian krone (NOK)
Economy | Business Protocol | Legislative and Political System | More about the Country | Order a Business Information Report (BIR)
Economy
Statistical Office

Chamber of Commerce and Industry

Entrepreneurship in the Country

The country is rich in natural resources including petroleum, hydropower, fish and forests. Norway heavily depends on oil pumping and only Russia and Saudi Arabia export more oil than Norway. They export oil and its derivatives, machines, metals, chemicals, ships and fish, and import mainly food.

According to the Global Peace Index ranking, Norway is the most peaceful country in the world.
Business Directories

Local Communities

Business Protocol
Business Meetings

Appointments are necessary and should be made as far in advance as possible.
Appointments may be made in writing or by telephone.
If writing, address the letter to the head of the division, even if you do not know the person.
Punctuality is imperative, since it indicates trustworthiness.
If you are delayed even 5 minutes, it is polite to make a call and explain the situation. Arriving late without prior notice can damage a potential relationship.
It is often difficult to schedule meetings during July and August, which are popular vacation times; during the two weeks before and after Christmas; and during the week before and after Easter.
Meetings are rather informal.
Send an agenda before the meeting, so that your Norwegian colleagues can be prepared.
There is not much small talk. Norwegians prefer to get to the business discussion quickly.
Presentations should be precise and concrete, and backed up with charts, figures and analysis.
Avoid hype or exaggerated claims in your presentation.
Leave time for »Questions & Answers« at the end of a presentation. Norwegians do not interrupt and will save their questions until you have finished speaking.
Business Negotiation

Decisions are consensus driven.
Expect decisions to take time as your colleagues must weigh all the alternatives.
Present a firm, realistic and competitive initial price and expect a minimum of bargaining.
Price is often the most important deciding factor.
Norwegians do not generally give discounts, even to good customers or for large orders.
Norwegians are detail oriented.
Maintain eye contact while speaking.
Negotiations are frank.
Avoid high-pressure sales tactics.
It is imperative to adhere to deadlines and commitments. If you don’t take it into consideration you won’t be considered trustworthy, which will destroy the business relationship.
New concepts should be shown to be high quality, practical, and already market tested.
Do not interrupt others while they are speaking.

Legislative and Political System
President

Government

Prime Minister

Ministries

Constitutional Court

Legislation

More about the Country
Geographical Characteristics

Norway (officially called Kingdom of Norway) is a state and a constitutional monarchy in Northern Europe, occupying the western part of the Scandinavian Peninsula. It is bordered by Sweden, Finland and Russia. The country has a very rugged coastline along the North Atlantic Ocean, broken by many huge fjords.

In area north of the Arctic Circle, the sun never completely descends beneath the horizon from late May to late July and it never rises above the horizon from late November to late January (hence Norway's description as the "Land of the Midnight Sun").

Languages

Norwegian (Bokmål and Nynorsk), Sami.
Short History

Archeological findings indicate that Norway was inhabited since at least 6.000 BC.

Norway is famous by its Viking conquers and expansions in 8th-11th centuries on Iceland, Faroe island, Greenland, Great Britain and Ireland.

After the World War II, the country had a very fast economic growth.

Today Norway is among the richest countries in the world, it has fully developed the social security system. Its economic progress is partly based on exploitation of inshore stocks of oil and gas.

According to the world classification UNDP (Human Development Index), Norway has maintained first place for six consecutive years (from 2001 to 2006).

Time Zone

GMT/UTC + 1
International Dialing Code

+47
Average Temperatures

July 18 0C, January -5 0C.
Opening Hours of Banks

Monday - Wednesday, Friday: 9.00am – 3.30pm.

 

Thursday: 9.00am – 5.00pm.

Opening Hours of Post-Offices

Monday - Friday: 9.00am – 8.00pm.

 

Saturday, Sunday: 9.00/10.00am – 8.00pm.

Opening Hours of Shops

Legally permitted opening hours:

 

Monday - Wednesday: 9.00am - 5.00pm.

Thursday, Friday: 9.00am – 8.00pm.

Saturday: 9.00am – 2.00pm.

Credit Cards

Credit cards are widely accepted in Norway in the majority of cities and holiday resorts. The most common credit cards such as American Express, MasterCard and Visa are accepted in a large number of hotels, restaurants and shops. Almost all petrol stations will accept credit cards.
Foreign Currency Exchange

Apart from the banks, foreign currency can be also exchanged in exchange offices, hotel receptions, tourist agencies, petrol stations and larger department stores.
Mobile Telecommunications

The country is almost entirely covered by mobile telephony signal. The main operators have concluded contracts with larger European and world operators. Mobile phones in the country are designed to function within the network of frequency bands 900 MHZ and 1800 MHZ. You can host in the following mobile networks: Telenor, NetCom, MTU, Tele2, Network Norway, Ice, Ventelo.
Emergency Telephone Numbers

Police

112

Medical emergency

113

Fire emergency

110

Population of the State

Population of the Capital

Demographics

Religion

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