Economy

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Photo: Bernt Sønvisen, Arbeiderpartiet

Last week, Norwegian tax administration published the previous year’s tax payers list. One of the most surprizing figure on the list is that Norway’s largest social-democratic party (Ap) leader Jonas Ghar Støre’s wealth and tax record. Støre topped the list of Norwegian political leaders with his 50.7 milliom NOK fortune and 2.24 million annual income. He also paid 1.3 million tax in 2013.

Centre Party (Sp) leader Trygve Slagsvold Vedum said to Dagbladet that Støre cannot be blamed for having inherited that much money and it is not a problem for him. Vedum is the least earning party leader of Norway, with an income of 655,000 NOK.

Socialist Left Party (SV) politician Snorre Valen also believes Støre’s fortune has nothing to do with his political role.

– I think it is good that a wealthy man like Gahr Støre is concerned with the distribution of wealth and equality, says SVs Snorre Valen.

Source: The Nordic Page

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Einar Aas (43) is the person with the highest income in Norway last year according to tax administration’s report.

With a stated income of 313719712 NOK, Einar Aas (43) tops last year’s tax payment list.

When the figures is divided by year, he earned 859 506 a day or 9 NOK and 94 cents in a second last year.

The man contributed to the common budget by paying 100 million NOK in taxes last year, according to the list  which was published yesterday.

Also he has a fortune over 1.1 billion NOK.

Einar Aas is a self-made billionaire making energy investments.

Aas graduated from the Norwegian School of Economics in 1994. He then worked as a risk manager in Interkraft and Agder Energi. Then he founded a separate energy company with three colleagues.

Later he established a private investment company with around 250 000 NOK in initial capital. In the following years Aas gained hundreds of millions in trading of electricity derivatives.

According to Dagens Næringsliv, he has earned fortune by speculating electricity prices in the energy bourse Nord Pool.

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One of the country’s most sought carrots grows in Bergsdalen. Even though that they cost 100 NOK (16 USD) per kilo, growers cannot meet the demand of restaurants.

Bergens Tidende features the success of two Norwegian farmers on high mountains of Bergsdalen. The grower Ragna Lid and his husband Arnfinn Trøen crop so tasty carrots that there is a battle among the restaurants and hotels to buy them first.

Vegetables and strawberries grow more slowly here than elsewhere, explains Ragna and notes the advantages of the location which is five hundred meters above sea level.

The strawberry season is over and the couple produces mini carrots in various colors and sizes with gentle hands. At the wholesaler one bundle of these carrots costs over 70 NOK and one kilo costs 100 NOK, almost ten times more expensive than regular carrots.

Mainly gourmet restaurants and hotels in Bergen are among the customers of the couple.

– We are totally dependent on such local manufacturers to create a unique offer. It’s about chasing those who can deliver something special. If the right products are delivered, I think it is quite possible to live on such small-scale production, says Hanne Frosta- the owner of the local food restaurant Hanne på Høyden.

There is sometimes competition to get the tasty carrots and then the end up not supplying enough.

Producer Ragna Lid says small-scale production requires a lot of work. Considering all efforts, he thinks profitability is low.

Both restaurant and hotels in Norway would like to see that the farm could deliver more product.

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Comrade Foot

According to Standard and Poor’s Global Sovereign Debt report for the second quarter of 2014, Norway is the safest place in the world to keep your money.

The report, ranking 76 countries according to the riskiness of their debt, reveals Norway is the least and Argentina is the most risky place among. Sweden, the US and UK follow Norway, while Argentine is followed by Venezuela, Ukraine and Pakistan in the most risky zone. 

Source: The Nordic Page

Photo : Chris Potter

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Photo: Jeffrey Zeldman

A new report by the International Trade Union Confederation, an umbrella organization of unions around the world, reveals Norway is one of the best places to be a worker.

According to Huffington Post, the report sheds light on the workers’ rights across 139 countries. For its 2014 Global Rights Index, the ITUC evaluated 97 different workers’ rights metrics like the ability to join unions, access to legal protections and due process, and freedom from violent conditions. The group ranks each country on a scale of 1 (the best protections) to 5 (the worst protections).

The study found that in at least 35 countries, workers have been arrested or imprisoned “as a tactic to resist demands for democratic rights, decent wages, safer working conditions and secure jobs.” In a minimum of nine countries, murder and disappearance are regularly used to intimidate workers.

While Denmark was the only country in the world to achieve a perfect score, Norway also managed to be in the same category with its neighbor.

Norway led the way through its strong labour laws, while Greece, the United States and Hong Kong lagged behind,” wrote ITUC general secretary Sharan Burrow in a statement about the report.

What the most striking point of the report is the conflict of the worker’s right index with the World Bank’s Ease of Doing Business Index.

Article Photo: Jeffrey Zeldman

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Photo: Pixabay

Norway is about to be the world’s first cashless society, reports www.tnp.no.

Cash use among Norwegians makes only five percent of all payments and four percent of household spending. Only Sweden and the UK have lower proportion of cash use.

Norwegian federation for financial instituions, Finans Norge advocates cash handling costs society twice the electronic payment and no cash policy will reduce problems with robberies, financial crime and black money.

However, The Norwegian Data Protection Authority – Datatilsynet believes people should be able to make purchases without having to leave electronic tracks behind them.

– From a policy perspective, it is primarily a concern that you can not pay anything anonymously, says Bjørn Erik Thon from Datatilsynet to NRK.

Photo: Pixabay

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Photo : John J. Mosesso, NBII

Researcher Torstein Storaas believes Statens Vegvesen (Public Roads Administration) and Jernbaneverket (National Railways Administration) should fine NOK 100.000 per collision.

Nearly 15.000 collisions between vehicles and mooses were registered in the last five years, and 400 cases have been registered in the first two months of 2014. As a reaction to this worrisome statistics, one of the nation’s leading moose researchers, Torstein Storaas suggests strong economic sanctions to bring down the number of collisions.

– Some of collisions may be tolerated, but if it turns out more than a certain number of moose collision per mile, Statens Vegvesen and Jernbaneverket must start paying for the moose. I suggest a fine of over 100.000 NOK, says Torstein Storaas at Hedmark University College to radio channel P4.

According to the radio channel, an average of two people die in these accidents per year.

Press Officer Jan Erik Kregnes in Jernbaneverket believes the six-digit fine is the wrong measure to take, but confesses the high number of collision is a problem to tackle with.

VG / NTB

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