News from Nordic Countries

Norwegian - Russian cooperation in the Arctic

The Norwegian Ministry of Foreign Affairs has announced NOK 6 million in funding towards a Norwegian–Russian petroleum technology assessment project for the Arctic region.

More Chinese interest in Icelandic tourism sector

It has been reported that Chinese interests want to finance the building of a health village in Flúðir, south Iceland to the tune of billions of krónur.

Ikea assembles record profits for 2011

Swedish furniture giant Ikea on Friday reported a ballooning net profit in 2011 amid booming sales and increased market share in most markets and said it planned hefty investments in the year to come.

New exploration acreage for Statoil on the Norwegian shelf

Norwegian oil company Statoil has been awarded ownership interests in eleven production licences on the Norwegian shelf. Statoil will be the operator in eight of the licences.

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