Transcript Veidekke 02.12.03

Business environment and opportunities in Norway
Chamber of Commerce and Industry of Slovenia, 13 May, 2008
Mr Bjørn O. Bjørnsen,
Director, Central Europe and the Baltic`s
Innovation Norway
Commercial Counsellor, Royal Norwegian Embassy, Prague
Innovation Norway
Started its activities on 1 January 2004 by a merge of
some important specialized institutions
Subordinated to the Ministry of Trade and Industry
Activity: Business development through loans and
financial support , focus on innovation,
internationalization and tourism, programs and indiviual
support, main focus on development in the districts of
Norway and the SMEs
750 employees in offices distributed throughout all of
Norway’s counties and in 30 countries. The Head Office is
located in Oslo.
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Around NOK 4 billion- Euro 500 mill - for the
reinforcement of Norwegian industry
Innovation Norway contributes to the establishment and
protection of 7,000-8,000 jobs each year
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An organisation close to its markets
Brazil
Bulgaria
Canada
China
Czech Rep.
Denmark
Estonia
Finland
France
Germany
Hungary
India
Italy
Japan
Korea
Latvia
Lithuania
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Malaysia
Poland
Portugal
Romania
Russia
Singapore
South Africa
Spain
Sweden
Thailand
The
Netherlands
Turkey
United
Kingdom
USA
Vietnam
Facts About Norway
Official name
Kingdom of Norway
System of government
Constitutional monarchy
Parliamentary democracy
The Royal House of Norway
Harald V, King of Norway, born 21 February 1937
Sonja, Queen of Norway, born 4 July 1937
Haakon, Crown Prince of Norway, born 20 July 1973
Mette-Marit, Crown Princess of Norway, born 19 August 1973
Ingrid Alexandra, Princess of Norway, born 21 January 2004
Sverre Magnus, Prince of Norway, born 3 December 2005
Population
4 681 134 inhabitants as of 1 January 2007
Norway has an indigenous Sami population as well as five national
minorities, defined as groups with long association with Norway.
Official languages
Norwegian (the two forms Bokmål and Nynorsk)
Sami (equal status with Norwegian in parts of Troms and Finnmark counties)
Religion
Protestant Christianity
Currency
Norwegian kroner, NOK
1 EUR = NOK 8.24 as of November 2006
1 USD = NOK 6.40 as of November 2006
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Some more facts about Norway of today
Export 2006
of which export of oil and gas
Euro 107 bln
Euro 53 bln
Import 2006
Euro 67 bln
Unemployment
Consumer price index (inflation)
1,6 % (April 2008)
2,5 % (April 2008)
GPD per capita (NOK 461.665)
Euro 57.708
GDP growth 2007
- Will slow down in 2008
about 6 %
Norway is presently experiencing a very high economic
activity. Labour market capacity limits are being challenged in
both the private and public sector. As a result a need for
buying capacity outside Norway as well as import of workers
from abroad.
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Slovenia – Norway trade balance
Trade turnover in Mill EURO ( rate 1 EURO=8 NOK)
Exports from Norway
2007
2008
(Jan-March )
Imports to Norway
11,6
2,0
2007
2008
(Jan– March)
67,4
Source: Statistisk Sentralbyrå
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16,3
Norwegian – Slovenian Business Activities
Norwegian companies engaged in business in Slovenia
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Norsk Hydro – aluminium supplies from Talum
Statoil – oil trading/sales
Stokke – furniture production
Windy Boats – sales of pleasure crafts
Jotun - paints
Simrad – ship electronics
Swix – ski wax
Jordan - toothbrushes
Brynje - underwear
Helly Hansen – sports wear
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Norwegian – Slovenian Business Activities
Slovenian companies engaged in business in Norway
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Alpina - skiboots
Elan – skis, ski equipment, sailboats
Gorenje – kitchen/household appliances
Adria – camping wagons
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Business in Norway
Norway is a highly developed democratic society with a strong
and stable economy that offers attractive opportunities
for international business enterprises.
Foreign capital, knowledge and technology have traditionally
played an important role in the development of Norwegian
trade and industry, and international cooperation has become
even more important to Norway's growth in an increasingly
global economy.
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Business in Norway (2)
Though Norway has chosen not to become a member of the
European Union (EU), Norwegian and foreign owned
companies located in Norway have full access to the EU
market – including the new member states – through the
European Economic Area (EEA) agreement.
There is a stable and transparent political climate with a wellfunctioning public sector that makes it relatively simple and
straightforward to run a business enterprise.
Formal requirements to be met when establishing a business
in Norway are few, and costs are low.
Norway has a flat 28% corporate and capital gains tax rate
and a social security system that provides national health and
unemployment insurance.
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Norwegian Strategic Business Areas
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In – coming Tourism
Oil and Gas
Health and bio technology
Renewable Energy and Environment
ICT
Marine products
Maritime
Creative industries
In coming Tourism
Focus :
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Sweden
Germany
Denmark
UK
Netherlands
USA
France
Italy
Spain
Japan
New markets:
• Russia
• China
• Poland
Innovation Norway has offices with professional staff in all
these markets running tourist projects
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Oil & Gas
Exploration of oil & gas at the Norwegian continental shelf
started in 1971.
Presently oil/gas exploration takes place at 51 different fields
About 40 % of the registered resources are not yet explored.
Oil & gas products is the larges single export ”product” from
Norway and represents 47 % of the total export – about NOK
510 bln or Euro 64 bln.
About 80.000 persons are employed in the oil & gas sector
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Oil & Gas (2)
Norway is today the world`s 3rd largest exporter of natural
gas , in 2006 total production was about 87 bln scm
(standard cubic meter).
Total oil production is now about 2,5 mill barrels/day (incl
NGL and condensate). By this Norway is the 8th largest
producer of oil in the world and the 3rd largest exporter of
oil.
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Oil & Gas Technology supply industry
The Norwegian oil & gas industry cluster is expanding its
international business activities and is now involved in the most
challenging global projects –mostly offshore – mainly in North Sea,
China, Russia, Middle East, Mexico gulf .
Estimated total turnover in 2005 was NOK 50 bln (Euro 6,2 bln) and
the aim for 2010 is NOK 80 bln , about Euro 10 bln.
The largest part of the foreign activities and turnover is handled by
the 20 largest companies.
The oil & gas supply industry comprises of about 3.000 companies.
Most of the companies that work on the international markets are
member of the INTSOK network:
www.intsok.no
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Health , medical - and bio technology
Norway has one of the worlds largest per capita investment in new hospitals.
In parallel to such projects Norwegian companies are developing new
products and solutions , incl focus on ICT solutions to secure safe and good
communication between the different levels in the health sector.
This incl tele medicin and standardization of electronic solutions. As well as
new operating methods.
Norway has around 110 companies within bio technology and about 200
companies within medical technology, mainly SMEs.
The companies are active within ICT health, electronics, sensor technlogy,
equipment for laboratories, rehabilitation, medical bio technology etc. Other
areas include gene technology, cell biology, micro/nano technology and bio
informatics
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Focus areas within Renewable energy and environment
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Renewable energy - wind and hydropower, wave and tidal,
bioenergy, solar energy , other incl geothermal
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Hydrogen and fuel cells
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CO2- catching and clean gas power station
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Energy efficiency
Marine food and Aquaculture
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Norway is the 2nd largest exporter of marine food after
China.
Total export was USD 4,2 bln in 2006.
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Farmed seafood about 52 % of total export.
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Norway is producing 46 % of the total world production of
atlantic salmon , that is about 600.000 ton in 2006
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Pelagic fish – herring and macrell – is primarily exported to
Russia, Ukraine, Japan and Poland
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Norwegian consumption of seafood is about 100.000 ton/year
or more than 25 kg/capita
Maritime Sector
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Ever since the days of sails, shipping has been one of
Norway`s most important industries.Foreign trade statistics
show that gross freight income from shipping reached almost
Euro 10 bln.
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Freight income accounted for about 12 % of total Norwegian
export of goods and services (incl oil and gas).
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1st January 2005 the Norwegian foreign going fleet
comprised of 1.614 ships – mostly very specialized carriers of
oil, gas and other specilized cargo.
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The Norwegian-controlled offshore fleet is the second largest
in the world after USA
Maritime Sector – shipbuilding and ship
equipment
Total turnover: NOK 31 mrd, 18.000 employees
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12 Shipyards.Turnover NOK 9,5 mrd, 4.000 employees
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Suppliers of ship equipment – 139 companies. Turnover NOK
12,3 mrd, 6.500 employees
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Ship consultants- 14 companies, turnover NOK 450 mill
Norwegian ”clusters”
Sector
Region
R & D institutions
Aquaculture
technology
Bergen, Hordaland
Aas, Austvoll,
Feeding Syst.,
Proocean, NorMær,
Rabben
Aquaculture
technology
Trondheim
Aqua…., Frøytang,
Superior
Biotechnology, marin
Tromsø
Bergen
Fishery research
Institute
Biotechnology,
farmasy
Oslo
University of Oslo
Biotechnology,
agriculture
Hamar region
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Companies
University of Tromsø
University hospitals
NLH – Norwegian
University of Life
Sciences
Amersham, Dynal,
Axis, Photocure,
Genovision
Geno As, Norsvin
Norwegian ”clusters” (2)
Sector
Region
R & D institutions
Companies
Building technology
Oslo, Rogaland
NTNU- Norwegian
University of Science
and Technology
20 architechts and
engineering
consultants, incl
Snøhetta
Oslo School of
Architecture
Value added fish
products (white fish
and pelagic)
Båtsfjord, Finnmark,
Vestrålen, MåløyM&R, EgersundKarmøy
Melbu
Lerøy
Airport technology
Oslo region
Jotron, Ocas, Park Air
Renewable energy,
fuel cells
Oslo, Grenland,
Nordland
NTNU -Norwegian
University of Science
and Technology,
Kjeller
Scanwafer, Norcell
Renewable energy,
wind
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Trøndelag, regions
along side western
coast
NTNU Norwegian
University of Science
and Technology ,
Scanwind, UMOE
Mandal, Vestas
Kr.sand
Domstein,
Norwegian ”clusters” (3)
Sector
Region
R & D institutions
ICT
Oslo
Arendal
Halden
Steinkjer
University of Oslo
and a number of
regional colleges
Mechanical
engineering and
automatisation
Jæren
JÆRTEK
13 companies, 2600
employees. ABB
Autom.
Mikro- electronics
Trondheim, Leksvik
NTNU - Norwegian
University of Science
and Technology, SINTEF
Lyng, Navia, Oceanor,
Corrocean
Environmental
Technology
Counties in southern
Norway + Trøndelag
region
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Companies
Clusters of
companies in Green
Business Norway and
OREEC (Oslo Region
Renewable Energy
and Environment
Cluster
Norwegian ”clusters” (4)
Sector
Region
R & D institutions
Companies
Mobile
commiunication
solutions
Oslo
Opera, Birdstep,
Telenor
Furniture
Møre & Romsdal
Ekornes, Fora Form,
Furnes, Helland,
Hellegjerde, Pedro,
Stokke
Oil and Gas
technology
”Engineering valley”,
Asker, Bærum, Oslo
Aker-Kværner, ABB
Rogaland
Plastic and composits
Østfold
Shipbuilding
Sunnmøre
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SINTEF, Trondheim
14 shipyards + 80
subcontractors, 4200
employees
Norwegian ”clusters” (5)
Sector
Region
Pleasure
crafts/yachts
Agder
Space & satellitt
Oslo region
Nordland/Troms
R & D institutions
Fjord, Marex, NorSea,
Nordkapp, Skipsplast,
Draco, etc.
Norsk Romsenter
Nera
Kjeller
Kongsberg
Kongsberg Spactec,
Andøya
University in Tromsø
Narvik Regional
College
Technical medical
equipment
Mjøs region
Paper & Pulp
Østfold, Buskerud
and Nord-Trøndelag
Companies
Sintef Unimed
10 companies around
Mjøsa lake
Norske Skog
(Hønefoss,Halden, Tofte
Borregaard (Sarpsb.)
LM Petterson (Moss)
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Norwegian ”clusters” (6)
Sector
Region
R & D institutions
Companies
Wood industry
Hedmark and part of
Oppland
Fagernes, Norwegian
University of Life
Sciences, Ås
Moelven, Forestia,
Eidsskog-Stange
skogene
Trondheim R & D
Area
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NTNU- Norwegian
University of Science
and Technology,
SINTEF
Where to obtain market info ?
Oslo Chamber of Commerce can produce a MINI MARKET
REPORT showing the potential for your products on the
Norwegian market.
The report will include:
- general market trends in Norway for your type of products
- distribution channels
- competitors and other operators in the market
- some trade leads and relevant contacts, such as branch
organizations etc.
Total price for the report is EUR 700.-.
http://www.chamber.no/
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Where to obtain market info ? (2)
The official Norwegian Trade Portal:
www.nortrade.com
Here you can also by a click find the official Norwegian Trade
Directory as well as a lot of relevant and detailed info about
companies as well as how to do business with Norway
The website of the Norwegian Embassy in Ljubljana:
http://www.norway.si/
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Starting business in Norway
Info available on the following items on :
http://www.bedin.no/CWObjekter/Guide_starting-engelskTOC.shtml
Register your business
Type of business entity
Value added tax
Accounting
Employment
Taxation
Import and export of goods
Business plan
Who can tell
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Visit our website at: innovationnorway.no
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Thank you very much for your attention !
[email protected]
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