Investing in Norway
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. The country is richly endowed with natural resources - petroleum, hydropower, fish, forests, and minerals - and is highly dependent on the petroleum sector, which accounts for nearly half of exports and over 30% of state revenue. Norway is the world's second-largest gas exporter; its position as an oil exporter has slipped to ninth-largest as production has begun to decline. Norway opted to stay out of the EU during a referendum in November 1994; nonetheless, as a member of the European Economic Area, it contributes sizably to the EU budget. In anticipation of eventual declines in oil and gas production, Norway saves state revenue from the petroleum sector in the world's second largest sovereign wealth fund, valued at over $500 billion in 2010. After solid GDP growth in 2004-07, the economy slowed in 2008, and contracted in 2009, before returning to positive growth in 2010.
Aker Solutions (OSL: AKSO) - oil and gas engineering and construction
Algeta (OSL: ALGETA) - oncology company developing cancer therapies
Archer Ltd (OSL: ARCHER) - oilfield services
Atea (OSL: ATEA) - information technology
Austevoll Seafood (OSL: AUSS) - fishing and food processing
Bergesen Ww Offshore
Cermaq (OSL: CEQ) - aquaculture
DnB Nor (OSL: DNBNOR) - financial services
Dno International (OSL: DNO) - oil and gas exploration
Fred Olsen Energy (OSL: FOE) - offshore oil and gas exploration and development services
Frontline Ltd (OSL: FRO) - owns and operates oil tankers and oil/bulk/ore (OBO) carriers
Gjensidige Forsikring
Marine Harvest (OSL: MHG) - production and marketing of seafood
Norsk Hydro ASA (NYSE: NHY) - http://www.hydro.com/
Orkla (OSL: ORK) - conglomerate
Petroleum Geo-Services
Prosafe (OSL: PRS) - oil and gas services
Renewable Energy Corp (OSL: REC) - supply of solar and electronic grade polysilicon, wafers, cells and modules to the photovoltaic (PV) solar industry
Royal Caribbean Cruise (OSL: RCL)
Schibsted (OSL: SCH) - media
Seadrill Ltd. (NYSE: SDRL)
Statoil (NYSE: STO) - http://www.statoil.com/
Stolt-Nielsen Ltd (OSL: SNI) - maritime industries
Storebrand (OSL: STB) - insurance
Subsea 7 Sa
Telenor (OSL: TEL) - telecommunications
Tgs Nopec Geophysical (OSL: TGS) - oil and gas services
Tomra Systems (OSL: TOM) - recycling technology
TOTAL Norway - http://www.totalnorge.no/
Yara International - (OSL: YAR) - crop nutrition
Global X Funds - FTSE Norway ETF (NYSE: NORW)
Central Bank of Norway - http://www.norges-bank.no/
Oslo Bors - http://www.oslobors.no/
Norway Investing News
2011-05-26 - (sa) - Norway's $525 billion sovereign wealth fund essentially an index fund
2011-03-16 - (sa) - A look inside the Global-X Norway ETF
2010-06-14 - (sa) - 10 reasons to invest in Norway
2010-06-13 - (tfs) - Ten reasons to invest in Norway
2009-10-29 - (sa) - 4 hedge fund investments in Norway
2009-07-05 - (sa) - Norway: An attractive investment destination
2009-07-11 - (sa) - Norwegian bonds: Great buy or timely sell?
2007-11-16 - (sa) - Take advantage of the Norwegian Krone
2007-07-10 - (sa) - Eight ways to invest in the resource-rich country of Norway
Countries that border Norway: Sweden | Finland | Russia
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