Norwegian trade, investment and partnershipMoscow 01 November 2010

Foto: Hurtigruten

Confederation of Norwegian Enterprise - NHO

• Main organisation for Norwegian employers

• 16 500 member companies from industry, service and crafts industries• Employing a total of 450 000 people• Network of sectoral federation

• Main organisation for Norwegian employers• 20 000 member companies from industry, service and crafts industries• Employing a total of 500 000 people

The Confederation of Norwegian Enterprise (NHO)

SEA FOOD Fishing, fish farming, fishing boats, equipment

PETROLEUM INDUSTRIES

Oil and gas companies, offshore industry, offshore service, shipping, petrochemical industries.

MARITIME INDUSTRIESShipyards, ship’s gear, offshore, shipping services, maritime R&D

Competitive Norwegian industrial clusters

HYDRO ELECTRIC POWER Equipment, power generationpower distribution, metallurgical industries

FOREST INDUSTRIES Saw mills, wood products, chemical wood pulp, paper industry, packing special products

4

NHO in Russia

Support good framework conditions for trade and investments

… also for Russian investments in Norway

Work with government and business organisations

State visitsPresidential Programme

5

Norwegian-Russian trade: Raw materials based

Imports (Mln Euros) Exports (Mln Euros)

Source: Statistics Norway

Total

import

Metals (

aluminium)

Petroleu

m products

0

100

200

300

400

500

600

700

800

900

1000

200820092010 (jan-jul)

Total export Fish Machines0

100

200

300

400

500

600

200820092010 (jan-jul)

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But, investments are more diverse

Telenor – Vimpelcom (33,6 %) Statoil – Shtokman (24 %), with Gazprom and Total Orkla – Krupskaya confectionary (SPb) Yara, leading fertilizer producer Wenaas gruppen, hotels Kverneland, agricultural machinery

The government pension fund:Portfolio investments appx. 2.5 bln. Euros in 57 Russian

companies. Gazprom (673 mln. Euro) Lukoil (364 mln. Euro) Rosneft , Sberbank, M-video, Wimm-Bill-Dann, Aeroflot, …

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Russia – can be a challenge

The Telenor caseImport ban on fish

WTO is a key

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… but also full of opportunities

Impressive education level – knowledge based industries

Abundancy of raw materials – gas field development

Neighbour effect – high on the political agendaRenewables and green tech could be the next