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Government to provide additional NOK 115 billion to strengthen Long-term Defence Plan

The Norwegian Government will allocate an additional NOK 115 billion to the financial framework for the Long-term Defence Plan for the period up to 2036. NOK 31 billion of this will be provided by 2030. The Government is also proposing adjustments

Act relating to planning and the processing of building applications (Planning and Building Act)

This is an unofficial translation of the Norwegian version of the Act and is provided for information purposes only. Legal authenticity remains with the Norwegian version as published in Norsk Lovtidend. In the event of any discrepancy, the

Read act at lovdata.no

Statement by Foreign Minister Eide on the situation in the Middle East

‘We are now in the midst of a highly dramatic and dangerous day for the Middle East. The threats made by President Trump last night of further escalation, and Iran’s warning that it will respond with corresponding attacks against countries in the

Action plan to combat Anti-Muslim racism 2025–2030

The Norwegian government’s aim is to create an inclusive and diverse society that is safe and welcoming for all. This action plan is aimed at strengthening and renewing the efforts to prevent and combat anti-Muslim racism. To this end, we are

The Panorama Strategy (2021–2027)

Panorama 2021 - 2027 - Norway's strategy for bilateral cooperation on higher education and research with key partner countries outside the EU.

Adherence of the Government Pension Fund Norway (GPFN) to the Santiago principles

The Ministry of Finance has recently conducted an update of the self-assessments of the Government Pension Fund’s adherence to the Santiago Principles, cf. separate reviews of the GPFG and the GPFN, respectively. This self-assessment documents the

Change in the mandate for the committee on long-term perspectives for the Government Pension Fund Global

The Government has decided to change the mandate for the committee appointed to review which developments internationally and in the financial markets may affect risk and return in the Government Pension Fund Global (GPFG) and assess what

Norway to increase support to Ukraine and provide military equipment

The Norwegian Government has allocated up to NOK 2 billion for humanitarian assistance to Ukraine, and will provide military equipment such as helmets and bulletproof vests to the war-torn country. The Government will also align itself with the

Report on long term perspectives for the Government Pension Fund Global submitted by committee

Today, a committee that has been reviewing long term perspectives for the Government Pension Fund Global (GPFG) submitted its report, NOU 2022: 12 The Fund in a changing world, to the Ministry of Finance. The committee was chaired by Ulf Sverdrup,

The Government Pension Fund Global to exit Russia

The Ministry of Finance has today informed the Fund manager Norges Bank to immediately freeze all investments made by the Government Pension Fund Global (GPFG) in Russia. The Ministry has further requested Norges Bank to prepare a plan for the

Diplomatic relations

The Oslo Diplomatic List 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 implemented in Norway, and to offer

Meld. St. 14 (2020–2021) - Long-term Perspectives on the Norwegian Economy 2021

Chapter 1

Norway and Belgium Sign Agreement to Enable Cross Border CO₂ Transport

Today, Norway and Belgium have signed a bilateral agreement aimed at facilitating an infrastructure for the transport of CO2 by pipeline from Belgium to the Norwegian Continental Shelf. The agreement reflects both countries’ long-term commitment to

Investment Strategy

The objective of Fund investments is to achieve the highest possible return over time, given an acceptable level of risk. The Fund shall be managed responsibly within this overarching financial objective.

Strategic Benchmark Index

The strategy is defined in the Fund mandate and reflected in, inter alia, the composition of the benchmark index and risk limits established by the Ministry of Finance.

Norway Continues Medical Evacuation of Patients from Ukraine

Norway is continuing its cooperation with the EU on the medical air transport of Ukrainian patients for treatment at hospitals in Norway and across Europe. Following a request from the EU, the Norwegian Government has decided to extend the offer of

Human rights defenders

Protection of human rights defenders is a key priority in Norway’s human rights efforts. Our overall objective is for human rights defenders to be able to promote and defend human rights in all parts of the world freely and safely, without

Governance model

The Ministry of Finance holds the overall responsibility for the management of the Government Pension Fund. The Government Pension Fund comprises the Government Pension Fund Global (GPFG) and the Government Pension Fund Norway (GPFN). The

Governance Framework

The Storting has in the Government Pension Fund Act, made the Ministry of Finance responsible for the management of the Government Pension Fund Norway (GPFN). The operational management of the Fund is carried out by Folketrygdfondet.

Market Value of The Government Pension Fund

The accumulation of capital in the GPFG originates by and large from the conversion of oil and gas resources in the North Sea and Norwegian Sea to financial assets abroad. The capital base of the GPFN originates primarily from surpluses in the