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Diplomatic relations

The Oslo Diplomatic List (pdf) Diplomat in Norway. The purpose of this booklet is to provide information to diplomats and their families on how the various privileges and immunities under the Vienna Conventions are

Market Value

The market value of the GPFG equalled 9,160 billion Norwegian kroner at the end of the first half of 2019. Investments in equities, fixed-income and unlisted real estate corresponded to 6,350 billion, about 2,560 billion and 250 billion kroner,

The Norwegian Government’s action plan for green shipping

Norway’s maritime industry is a world leader in the development of low- and zero-emission solutions, and there are competitive companies in all segments of the industry.

Fund Performance

The GPFN generated a nominal rate of return of 6.6 percent in the first half of 2019, as measured in Norwegian kroner and before the deduction of asset management costs. The equity and fixed-income portfolios produced an aggregate return of 9.0

Market Value

The market value of the GPFN was 254.8 billion Norwegian kroner at the end of the first half of 2019. This represents an increase of about 2.5 billion kroner since the beginning of 2019. 60.3 percent of the Fund capital was invested in equities,

Fund Performance

Over the last 20 years, the average annual nominal return on the GPFG has been 5.6 percent as measured in the currency basket of the Fund. The nominal return net of asset management costs and inflation (net real return) is in the said period

Market Value

Aggregate market value of the Government Pension Fund was 9,414 billion Norwegian kroner at the end of the first half of 2019. The GPFG accounted for about 97 percent of total assets.

Proposal for Defence Budget 2020: The Norwegian Government increase the defence budget by more than 2 billion Norwegian kroner

- The security situation has deteriorated. That is why this Government has increased its defence budgets every single year since we took office, and we will continue to strengthen the defence in the years to come, says Minister of Defence Frank

Minister of International Development creates new budget item for vulnerable groups

The Government’s annual budget proposal includes an allocation of NOK 466 million for vulnerable groups under a new budget item created for this purpose.

Intensified efforts and closer cooperation on human rights

‘Human rights are under considerable pressure. In response to this, we are increasing our support for human rights efforts by NOK 77 million in 2020,’ said Minister of Foreign Affairs Ine Eriksen Søreide.

NOK 1.4 billion increase in aid budget

The Government has proposed to increase the total aid budget from NOK 37.8 billion to NOK 39.2 billion. The Government will intensify Norway’s work to promote achievement of the Sustainable Development Goals (SDGs) and its climate-related efforts,

National Budget 2020: A budget to promote employment and welfare

The Norwegian economy is in its third year of economic expansion. Employment growth is strong and the registered unemployment rate has fallen to levels last seen in 2008. Non-oil business investments are at a 10-year high. These positive

Government increases support for foreign policy research

The Government will increase its allocation to research on Europe and Asia by NOK 11 million.

NOK 500 million to climate-related disaster risk reduction and hunger prevention

The Government will allocate NOK 500 million to efforts to promote climate change adaptation, disaster risk reduction and hunger prevention. The funding will be provided under the aid budget.

National Budget: International cooperation, humanitarian aid and human rights are priorities

‘In a rapidly changing world, it is important that the Government pursues an active foreign policy that safeguards Norway’s interests, economy and jobs,’ said Minister of Foreign Affairs Ine Eriksen Søreide.

NOK 5.5 billion for humanitarian aid in 2020

‘The Government has proposed an increase of NOK 115 million in the overall humanitarian budget for 2020, bringing the total to NOK 5.5 billion. This is Norway’s largest humanitarian budget ever,’ said Minister of Foreign Affairs Ine Eriksen Søreide.

Government proposes increase in support for stabilisation in crisis-affected countries

The Government has proposed an allocation of NOK 835.4 million for stabilisation efforts in countries affected by conflict and crisis. This is an increase of NOK 129.5 million.

National Budget 2020: Outline of economic developments and fiscal policy

The Norwegian economy is in its third year of economic expansion. Activity is expanding throughout the country and in most sectors. The strong performance of the Norwegian economy is expected to continue. In the National Budget for 2020, growth in

Norwegian Carbon Credit Procurement Program

Norway is committed to an ambitious climate policy and has a target of 30 % GHG emissions reduction by 2020 relative to 1990 levels. About 50 per cent of Norwegian emissions is covered by the EU Emission Trading System (EU-ETS). More than 80 per

Statement at Barents Council foreign ministers meeting

Minister of Foreign Affairs Ine Eriksen Søreide's statement at the Barents Council foreign ministers meeting. Norway is chairing the Council for the next two years.

By Minister of Foreign Affairs Ine Eriksen Søreide Umeå, 3 October