Easy to do business in Norway

Norway is the best country in Europe to run a business in according to a report by the World Bank.

21/09/2005 :: The report concludes that the country has little bureaucracy, good laws, and that the rule of red tape is smaller in Norway than in other countries. Extensive use of computer technology in the public sector and simple and streamlined business rules are the main reasons why it is easy to conduct business.

Norway ranks fifth among the 155 countries that are included in the report on the trade and industry climate for mid-size companies. The report shows that there are only four countries in the world, New Zealand, Singapore, USA and Canada who enjoys a better trade and industry climate than Norway.

The Report, Doing Business in 2006, measures how easy it is to start, run and close a mid-size company in the countries that participated in the survey. It is co-sponsored by the World Bank and the International Finance Corporation, which is the private sector arm of the World Bank Group. In Norway, 33 companies and institutions have participated in getting information for the report, most of the people involved being business lawyers and accountants.

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Norway has a good business climate according to the reportPhoto: Anders Nilsen/Innovation Norway

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