Norway is a country in northern Europe that occupies the Scandinavian Peninsula’s western region. The region surrounding the nation’s capital, Oslo, is home to over 50% of the population. About 66% of Norway is mountainous, with exactly 50,000 islands situated off its heavily indented coastline and divided by deep, icy fjords.
Geological evidence demonstrates Norway’s unbreakable ties to Sweden and Denmark throughout history. Denmark ruled Norway for a considerable amount of time, with its monarch based in Copenhagen. After that, Norway was allied with Sweden from 1814 to 1905. Norway gave up and became an independent nation for a considerable amount of time. For this reason, the majority of Norwegians still value their freedom and independence. Every year on May 17, Norway’s people express gratitude for their freedom and opportunities.
With a population of only 5 million, Norway is a relatively small country whose purchasing power can rival that of the largest nations due to its unique expectation of living in a tiny abundance hole. In actuality, Norway has what is arguably the highest GDP per person in the entire globe.
Norway boasts a highly developed and stable free market economy with significant natural resources, a skilled business community, and low levels of corruption. The main areas of advancement for inexperienced financial specialists include fish, wood, and metal products; media communications; hydropower equipment; and oil and gas. Norway is estimated to have enough gas and oil for the next 100 years and 50 years, respectively. The administration is currently moving quickly to shift to more sustainable financial practices while also slowing the long-term growth of state-proprietorship. The majority of Norwegians speak English fluently, and many also speak French and German. Norway constantly ranks among the top 10 in the Ease of Doing Business Index as a result.
Even though Norway is not a member of the European Union (EU), it is nevertheless significant for the EEA and adheres to the same exchange protocols as the EU. This may result in certain import and fare issues for countries outside the European Union.
When it comes to corporate culture, Norwegians generally adhere to Scandinavian work values. This suggests that there is a great focus on communication in the workplace, particularly with regard to sexual orientation, so be prepared for a lack of advancement in business and informal correspondence in general.
