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Norway and the EU

Latest business news about Norway and the European Union.

Cooperating against VAT Fraud
As part of an intensified battle against tax fraud, the European Commission on 6 February 2014 launched the process to start negotiations with Russia and Norway on administrative cooperation agreements in the area of Value Added Tax (VAT). The broad goal of these agreements would be to establish a framework of mutual assistance in combating cross-border VAT fraud and in helping each country recover the VAT it is due. VAT fraud involving third-country operators is particularly a risk in the telecoms and e-services sectors. Given the growth of these sectors, more effective tools to fight such fraud are essential to protect public budgets. Cooperation agreements with the EU's neighbours and trading partners would improve Member States' chances of identifying and clamping down on VAT fraud, and would stem the financial losses this causes. The Commission is therefore asking Member States for a mandate to start such negotiations with Russia and Norway, while continuing exploratory talks with a number of other important international partners.

Norway: country overview
Norway considered joining the European Community in 1972 and the EU in 1994., Norway joined the EEA in 1994. The EEA Agreement covers most aspects of its relations with the EU including: the EU single market – all relevant laws, except those dealing with agriculture and fisheries, apply to Norway; EU Agencies and programmes – Norway participates in a number of them, albeit with no voting rights; social & economic cohesion in the EU/EEA – Norway contributes financially; regular political dialogue on foreign policy issues at ministerial and expert level.

Norway leads
Last week, the Norwegian government announced that it is on track to meet its new renewables target for 2011. On the face of it, this isn’t significant – the country had only 428Mw of installed wind capacity at the end of 2009, so the contribution from wind and other 'new renewables' (that is, not large hydro) is not huge. However, Norway is significant on climate change and has played a major role in climate policy for many years.

The Enterprise Europe Network in Norway
Business organisations in Norway in support of SMEs.

Norway: Economy Overview
The Norwegian economy is a prosperous bastion of welfare capitalism, featuring a combination of free market activity and government intervention. The government controls key areas, such as the vital petroleum sector, through large-scale state-majority-owned enterprises.

EU Delegation to Norway
Contacts of the EU Delegation to Norway.

Starting a business in Norway
This World Bank site provides information about the procedures and costs associated with starting a business in Norway.

Norway Investment Climate 2009
Norway welcomes foreign investment as a matter of policy and generally grants national treatment to foreign investors. Norwegian authorities encourage foreign investment particularly in the key offshore petroleum sector, mainland industry (e.g., high-tech and advanced areas), and in less developed regions such as northern Norway.

Føyen Advokatfirma DA
Føyen Advokatfirma DA represents one of Norway's leading law firms.

Find an office in Norway
Instant Offices Norway

Norway country profile
In referenda held in 1972 and 1994, Norway rejected joining the EU. With the exception of the agricultural and fisheries sectors, however, Norway enjoys free trade with the EU under the framework of the European Economic Area.

Business Environment - Norway
Snapshot of the business environment for the Norwegian economy from the World Bank

Taxation and Investment in Norway (Deloitte)
The Taxation and Investment Guides are a first stop for investors wishing to gain a working perspective on the operating conditions and investment climate – including the legal, accounting and taxation framework – in the countries covered in the Deloitte International Tax Source. In addition to the Norway Highlights and Taxation and Investment Guide, above, country links open the door to the Deloitte International Tax Source and a wide range of materials and information on the tax consequences of doing business across borders.