Norwegian Wine & Spirit Suppliers

Total Page:16

File Type:pdf, Size:1020Kb

Norwegian Wine & Spirit Suppliers THE ASSOCIATION OF NORWEGIAN WINE & SPIRIT SUPPLIERS - presentation 2008 2 INTRODUCTION The Norwegian Association of Wine and membership in the EEA, (European Economic Area Agreement). Spirits Suppliers – in Norwegian – Vin- og Therefore the sales and marketing of alcohol in Norway is largely brennevinleverandørenes forening (VBF), governed by the same rules that apply for EU members. was funded in 1905. Our members account for some 75% of the wines and spirits sold VBF therefore sees it as its role to ensure that legislation, in Norway. regulations, directives and specifications relating to our business are inaccordance with Norway’ s international obligations. The The Norwegian market for alcohol varies best possible accessibility for suppliers and the opportunity to from most other European markets both compete for listings at the Vinmonopoletl are important principles in regard to drinking patterns and regulations. The Norwegian to uphold. VBF work to ensure a rational and reasonable set of consumption of alcohol has traditional been focused on beer framework conditions for the sales of wines and spirits in the and spirits. This trend has now changed and Norway is moving Norwegian market. As such, we represent the entire trade within towards a mature alcohol marked with high consumer interest for Norway, but equally important we also work for to support the new drinking trends and premium products. The domestic sale interests of all wine and spirits suppliers to Norway. of wine that has doubled during the last 10 years and according to international figures Norwegians are among the inhabitants of The Association is also continually working with issues related to Europe that are using most money on alcoholic beverages. ethics and responsibility. Our objective is that the industry should be regarded as part of the solution and not the problem in regard At the same time the Norwegian alcohol market is object for to alcohol related issues. Following this all our members are bound comprehensive regulations on alcoholic beverages. Following by our comprehensive Ethical Codex and participate in annual the Norwegian Alcohol Act spirits and wine can only be sold at training programs on ethical issues. This is why you can expect the state own retail monopoly (Vinmonopolet’s) own chain of the highest ethical standards when doing business with one of our shops while on-premise licences to Hotel, bars and restaurants member companies in Norway. are granted by the municipals. Since 1996 private actors like the members companies of VBF have been licensed to deal in the In this presentation pamphlet you will find more information about wholesale of alcoholic beverages. This entitles our members to the Norwegian alcohol market, the association and our members. import and export alcoholic drinks and run wholesale businesses in We hope that you will find this information useful for planning Norway. However, wine and spirits can only be sold to retailers and your business in Norway. Please do not hesitate to contact us in the Vinmonopolet. VBF if you have any questions or need for additional information about the Norwegian market. The turnover of alcohol in Norway is not regulated by Norwegian Ingunn Jordheim legislation alone. Norway is associated to the EU through Secretary-general FACTS ABOUT NORWAY 3 Official name The Kingdom of Norway System of government Constitutional monarchy Government Government Capital Oslo (548.000 inhabit.) Population 4 737 200 as of 1 January 2008 Monetary unit Norwegian kroner, NOK 1 USD = NOK 5,0* 1 EUR = NOK 7,93* 1 GDP = NOK 9,89* Exchange rate *as of April 2008 Economic indicators Gross domestic product (GDP), 2006: 2 155 780 mill. NOK Gross domestic product (GDP) per capita, 2006: 462 000 NOK OSLO Relations to EU Membership in European Economic Area (EEA) provides full acess to the EU single market 4 THE NORWEGIAN ALCOHOL MARKET Annual sales of alcohol in Norway pr. Inhabitant aged 15 years and over Traditionally, the Norwegian alcohol consumption has focused on Annualin liters sales of of purealcohol alcohol in Norway 1990 pr. Inhabitant – 2007 aged 15 years and over beer and spirits. This trend has now changed and Norway is moving in litres of pure alcohol towards a mature alcohol marked with high consumer interest for new drinking trends. Even if the recorded consumption is lower 3,0 Spirits than in most other European markets, the Norwegian consumer Wine expenditure on alcohol products isthe highest in Scandinavia. During 2,0 Beer the last years the market for both wine and spirits has been steadily increasing. 1,0 1995 was the first year that Norwegians bought more wine than Source: Statistics Norway 2008 spirits in terms of litres of pure alcohol per adult. Since then the consumer interest in wine has increased each year. In 2007 the domestic sale of wine was more than 35 pct higer than in 2000. Sale of Wine and Spirits 2007 in 1 000 litres Sale of Wine and Spirits 2007 in 1 000 litres In 2007 the annual sale of wine increased by more than 4 pct. 80000 70000 Wine Following the reductions in taxes on spirits in 2002 and 2003 the recorded consumption of spirits has mounted and the sale in 2007 60000 Spirits 50000 was more than 36 pct higher than in 2000. In 2007 the sale of spirits 40000 increased by 5.2 pct. 30000 20000 10000 0 5 UNRECORDED MARKET Norwegian Consumer expenditure on alcohol in millions NOK 2006 There is today a significant amount of alcohol that escapes official Norwegian Consumer expenditure on alcohol registration. In Norway this unrecorded consumption is assumed in millions NOK 2006 to account for 25-30 % of overall consumption, a very significant 25000 proportion in other words. The main sources for the unrecorded 20000 Spirits consumption are border trade, smuggling and Tax Free. Wine 15000 Beer T o tal 10000 5000 0 Year 2006 Source: SIRUS 2008 6 RETAIL & HORECA THE NORWEGIAN RETAIL SYSTEM FACTS ABOUT THE NORWEGIAN RETAIL MONOPOLY In the interwar years all the Nordic countries except Denmark, Name of state monopoly: Vinmonopolet established state monopolies with exclusive rights to produce, import, export, and wholesale and retail of all alcoholic beverages, Number of outlets: 244 by the end of 2008 except beer. In Norway the Vinmonopolet was established in 1922. Following the Norwegian membership in the European Economical Monopoly’s privilege: Retail of all alcoholic beverages with Area in the mid 90s, the state run alcohol system took a more liberal alcohol content higher than 4,76 vol. stance and all functions other than retail have been opened up for pct. competition. During the last years the number of Vinmonopol outlets Maximum opening hours: 09.00 – 18.00 (week) has steadily increased. 09.00 – 15.00 (Saturday) Internet sale: Yes Homepage: www.vinmonopolet.no 7 HOTEL, RESTAURANTS AND CATERING (HORECA) Number of establishments with license to serve alcohol, 1990-2006 All hotels, bars and restaurants will need a license to sell alcoholic No of establishments with municipal license to serve alcohol 1990-2006 beverages. The license is granted by the local Norwegian municipals. 8000 In 2006 there were 7263 establishments licensed to serve alcohol in No. of establishments Norway. 5910 or more than 80% of such premisses were licensed to 7000 serve spirits. The sale of wine and spirits at HORECA is between 10 and 15% of the total domestic sale. 6000 5000 2000 4000 1990 2006 Source: SIRUS 2008 8 REGULATIONS & DUTIES REGULATIONS TAXES Norway has today some of the most comprehensive regulations on Norway has the highest taxes on alcohol among the Scandinavian sale and marketing of alcoholic beverages. The fundaments in the countries. Norwegian policy on alcohol are the Retail monopoly, the ban on advertising and the taxes on alcohol. Norwegian taxes on alcohol 2008 The Norwegian taxes on wine and spirits are the following. As member of the EEA the Norwegian regulations on alcohol are due to be in compliance with the regulations in the EU. Following Alcohol taxes this the Norwegian regulations on alcohol have been slightly more Spirits: NOK 5,89 per % per litre liberal during the last 10 years. Wine: NOK 3.84 per % per litre THE MAIN REGULATIONS ON ALCOHOL IN NORWAY Environmental taxes Glas and metal: NOK 4,74 per unit Legal Drinking Age: Plastic: NOK 2,86 per unit 18 y.o (all alcoholic beverages below 22 vol. pct) Cardboard: NOK 1,18 per unit 20 y.o (all alcohol products above 22 vol. pct.) Advertising: Tax on disposable packaging: NOK 0,97 per unit Not allowed towards consumers Value added tax (VAT) Drink – drive limit: All alcoholic beverages: 25 pct. 0,02 % Blood Alcohol Concentration (BAC) ETHICS & RESPONSIBILITY 9 The Norwegian Association of Wine and Spirit Suppliers (VBF) and its member companies share the wider public concern that alcoholic beverages should only be consumed in responsible and moderate conditions. Alcoholic beverages are products made for adult consumers and should not be used by those below the legal age limit. As suppliers of alcoholic beverages to the Norwegian market all our members acknowledge, that they have an important responsibility to secure that all aspects with their activities are conducted in accordance with the highest ethical standards. The Association has introduced a Code of Conduct that is signed by all our members and has established an Independent Complaints Panel to consider alleged violations of the Code. The Code of Conduct is complimenting the existing Norwegian Alcohol Act and its directions. The Code of Conduct is in appliance with the Common Standard for Commercial Communications prepared by the Amsterdam Group1. An English translation of the Code of Conduct can be found at our homepage and in the back of this brocheure.
Recommended publications
  • 71877/687532 09/5380- 18.09.2014
    A ROYAL NORWEGIAN MINISTRY OF HEALTH AND CARE SERVICES EFTA Surveillance Authority Rue Belliard 35 B-1040 Brussel Your ref Our ref Date 71877/687532 09/5380- 18.09.2014 Response from the Norwegian Government to the EFTA Surveillance Authority’s letter of formal notice - legislation on private import of alcohol 1. INTRODUCTION Reference is made to the EFTA Surveillance Authority’s (“the Authority”) letter of formal notice to Norway for maintaining in force certain legislation on private import of alcohol, dated 18 June 2014. The letter was forwarded from the Norwegian Ministry of Finance to the Norwegian Ministry of Health and Care Services, which is responsible for the Norwegian legislation on alcohol. By the Authority’s e-mail of 3 July 2014, an extension of the deadline for Norway’s response was granted until 18 September 2014. On behalf of the Norwegian Government (“the Government”), the Ministry of Health and Care Services hereby gives its response to the letter of formal notice. The Government respectfully submits that the Norwegian requirement on functional and structural separation between the undertaking selling the alcoholic beverages and the undertaking delivering the beverages does not violate Article 11 and/or 36 EEA. The Government refers in this regard to its letters of 21 August 2012, 20 December 2012 and 24 January 2014, as well as to its letter of 21 December 2009'. In addition, the Government would like to make the following remarks. 1 Complaint concerning the import an distribution of alcohol in Norway, case 67389/539008. See the remarks on question 4 and 5.___________________________________________________________ Postal address Visiting address Telephone* Departement of Public Our officer POBox 8011 Dep Teatergt, 9 +47 22 24 90 90 Health Hege Christina 0030 Oslo Vat no.
    [Show full text]
  • 1 Introduction
    Brussels, 18 June 2014 Case No: 71877 EventNo:687532 Dec No: 22lll3lCOL Ministry of Finance Postboks 8008 Dep N-0030 Oslo Norway Dear Sir or Madam, Subject: Letter of formal notice to Norway for maintaining in force certain legislation on private importation of alcohol 1 Introduction In Norway, retail sale of alcoholic beverages may only be undertaken by the State monopoly AS Vinmonopolet ("Vinmonopolet"). However, a private person in Norway may import alcoholic beverages without the assistance or involvernent of Vinmonopolet into Norway, if it is intended for private use. Such importation may take the form of the importer carrying the beverages over the border himself, or he may have the goods delivered by a transport company authorised to deliver alcohol into Norway. The transport company delivering the alcoholic beverages to the private importer can only provide the transport service; it cannot have any other involvement in the sale as such, and must be independent from the seller. The Authority understands that it is not necessary that the buyer himself contracts with the transport company. It is permissible for the buyer to enter into one single contract with the seller, for the sale and delivery of alcoholic beverages (and, thus, a seller abroad may offer alcoholic beverages with home delivery in Norway). But the seller must then outsource its deliveries into Norway to an independent transport company, whose advantage from such sales must be limited to normal remuneration for the transport service. The EFTA Surveillance Authority ("the Authority'') considers that this requirement of functional and structural separation between the undertaking selling the alcoholic beverages and the undertakings delivering the beverages violates the EEA rules on free movement of services and free movement of goods, as set out in Articles 36 atdlor 11 of the EEA Agreement, in so far as alcoholic beverages come under the product scope of the Agreement.
    [Show full text]
  • Exporter Guide Norway
    THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Voluntary - Public Date: 3/1/2018 GAIN Report Number: NL8008 Norway Post: The Hague Exporter Guide Report Categories: Beverages Dried Fruit Exporter Guide Fishery Products Raisins Retail Foods Snack Foods SP1 - Expand International Marketing Opportunities Special Certification - Organic/Kosher/Halal Tree Nuts Wine Approved By: Susan Phillips Prepared By: Marcel Pinckaers Report Highlights: This exporter guide provides practical tips for U.S. exporters on how to conduct business in Norway. Although a small market, Norway relies heavily on imports. There are export opportunities for U.S. exporters of specialty foods, wine, craft beer, seafood, tree nuts, food preparations and dried fruit. Especially well-known brands and products from the United States fare well in this affluent market. Introduction Norway is located in Northern Europe and is a part of the Scandinavian Peninsula. The majority of the country shares a border to the east with Sweden while its northernmost region is bordered by Finland to the south and Russia to the east. Norway's extensive coastline is facing the North Atlantic Ocean and the Barents Sea. Map of Northwest Europe With 324 thousand square kilometers, Norway belongs to the top ten largest countries in Europe. Norway is also one of the most sparsely populated countries in Europe and has a coastline ten times its length. Norway’s population is 5.2 million and the vast majority live in urban areas. Almost one million people live in its capital Oslo.
    [Show full text]
  • Doublethink: the Two Faces of Norway's Foreign and Development
    Doublethink: THE TWO FACES OF NORWAY’S FOREIGN AND DEVELOPMENT POLICY By Mark Curtis Mark Curtis er rådgiver på internasjonale utviklingsspørsmål og utenrikspolitisk analytiker. Han har skrevet fem bøker om britisk utenrikspolitikk og internasjonal utvikling, inkludert den kommende Secret Affairs: Britain’s Collusion with Radical Islam og bestselgeren Web of Deceit: Britain’s Real Role in the World (Vintage, 2003). Han har skrevet flere rapporter for frivillige organisasjoner om næringslivet, mat og landbruk, miljø, gruvedrift, handel og økonomiske spørsmål. Han har ledet World Development Movement, ledet policyavdelingen i ActionAid og Christian Aid, og vært stipendiat ved Royal Institute of International Affairs (Chatham House). Nettsider: www.curtisresearch.org og www.markcurtis.info. Rapporten er skrevet av Mark Curtis på oppdrag fra Forum for Utvikling og Miljø (ForUM). Synspunktene i denne rapporten er forfatterens, og reflekterer ikke nødvendigvis ForUMs synspunkter. Forsidefoto: Jonas Gahr Støre, Norges utenriksminister. Foto: Torbjørn Sønstrød. Utgitt: Første gang utgitt januar 2010. Rapporten kan lastes ned fra www.forumfor.no. FORORD Av Elin Enge, daglig leder, Forum for Utvikling og Miljø «Inntektene en stat innhenter, hvordan de innhentes, og måten den bruker dem på, definerer statens natur». Slik lyder den amerikanske oljestatsforskeren Terry Lynn Karls tese. Hva er så Norges natur? Om den finnes, er den neppe like ren som snø eller våre fjorder. Og langt mindre kjent. Noen av de største utfordringene i verden i dag er å takle klimakrisen, bekjempe fattigdom og å dempe og forebygge krig og konflikt. Dette er områder hvor Norge anser seg for å være foregangsland. Da utenriksministeren i fjor kom med den såkalte Refleksmeldingen om hovedlinjene i utenrikspolitikken – den første på tjue år – ble slike utfordringer betegnet som ”Norges utvidede egeninteresser”.
    [Show full text]
  • General Information About Vinmonopolet in Norway
    GENERAL INFORMATION ABOUT VINMONOPOLET IN NORWAY Vinmonopolet is a monopoly situation in charge of the retail distribution of wine, spirits and strong beer in Norway. The products Vinmonopolet distribute are purchased from licensed suppliers which are called Grossister. LaMarc Wines holds a required license and agreements to act as a supplier to the monopoly. The organization have about 300 stores in Norway, in four different size categories. The population of Norway is approximately 5,2 million people. Vinmonopolet has approximately 18 000 products in its product range at this stage, and every year they purchase about 300 new products. Most of the products are purchased via the normal tender procedure, where Vinmonopolet announce a tender request and different products submitted will be judged on quality in relation to price in a blind tasting session. The volumes required for a product varies a lot, depending on the price, distribution and idea with a listing. Overall Vinmonpolet purchases more products and smaller volumes than what Systembolaget (Swedish monopoly) usually purchases. The Norwegian retail alcohol monopoly is as the other Scandinavian monopolies very pro organic products, and this we believe will be a trend that we will see more of within the next 5 years period. INFORMATION ABOUT VINMONPOLET AND THE TENDER SYSTEM As the monopoly tendering system is pretty complicated and difficult to understand, we´ve tried to summarize the process. For us it is very important that the producers we represent understand the procedure and by doing so participate with us in an ongoing, proactive work. Many producers today misunderstand the procedure due to unclear information from Scandinavian partners and we really want to avoid this.
    [Show full text]
  • Digital Leaders in Norway 2019
    Digital Leaders in Norway 2019 This study evaluates 78 leading Norwegian companies’ digital maturity across six dimensions: digital marketing, digital product experience, e-commerce, e-CRM, mobile and social media. It also includes a separate evaluation of 11 public organizations. www.bearingpoint.no digitalleaders.bearingpoint.com/norway Table of contents Editorial 3 Norwegian companies need Objectives and study sample 4 Research summary 6 to improve to keep up with Key findings 8 their European peers. We Digital Leaders at a glance 10 encourage them to take Dimensions of digitalization Digital marketing 14 a strategic approach to Digital product experience 16 digitalization, focus on the E-commerce 18 E-CRM 20 customer journeys and start Mobile 22 Social media 24 turning data into value. Industries Summary 28 Telecom 30 Retail 31 Food retail 32 Passenger transportation 33 Media 34 Insurance 35 TV & broadband 36 Bank 37 Energy 38 Consumer products (food) 39 Public sector Digital Leaders in Norway 2019 Purpose and selection criteria for the public sector 42 Summary of findings 44 Key findings 46 Dimensions of digitalization Digital presence 50 Digital experience 52 e-CRM 54 Mobile availability 56 Social media 58 Digital Leaders in Europe Summary 62 Top 10 European companies 64 European Digital Leaders by 66 digital dimension Summary What Norwegian companies could learn 72 from global forerunners Appendices All rankings 78 BearingPoint on digitalization 84 Authors 85 Editorial Digital leaders are customer-centric, focused on providing excellent customer journeys. They manage to turn data into value, and they have a digital leadership that ensures the right priorities, capabilities and momentum.
    [Show full text]
  • Act on the Sale of Alcoholic Beverages, Etc. (Alcohol Act)
    Unofficial version 01.09.2020 Act on the Sale of Alcoholic Beverages, etc. (Alcohol Act) Date ACT-1989-06-02-27 Ministry Royal Ministry of Health and Care Services Last amended ACT-2020-06-23-111 from 01.09.2020 Published ISBN 82-504-1491-8 Entry into force 01.01.1990 Legal area Commercial law ► Import and export Commercial law ► Food and alcohol Short title Alcohol Act – alkhl Table of Contents Act on the Sale of Alcoholic Beverages, etc. (Alcohol Act) ............................................................................... 1 Table of Contents ............................................................................................................................................. 1 Chapter 1. General provisions. ....................................................................................................................... 2 Chapter 2. Import and export ....................................................................................................................... 12 Chapter 3. Sale of alcoholic beverages. ........................................................................................................ 13 1 I. General provisions ................................................................................................................................ 13 1 II. Sale of alcoholic beverages in categories 2 and 3. ............................................................................. 15 1 III. Sale of alcoholic beverages in category 1. .......................................................................................
    [Show full text]
  • The State Ownership Report 2019
    The State Ownership Report 2019 Contents The Minister’s introduction 7 Category Goal of the highest possible Scope and key figures 8 return over time and where Key issues for the State as owner 16 the State no longer has a How the State exercises its ownership 22 A sustainable portfolio for 1 rationale for its ownership long-term value creation 34 Ambita AS 42 Baneservice AS 43 Entra ASA 44 Flytoget AS 45 Giek kredittforsikring AS 46 Mesta AS 47 Category Goal of the highest possible return over time and where the State has a special 2 rationale for its ownership Aker Kværner Holding AS 50 Argentum Fondsinvesteringer AS 51 DNB ASA 52 Eksportfinans Norway ASA 53 Electronic chart centre AS 54 Equinor ASA 55 Investinor AS 56 Kommunalbanken AS 57 Kongsberg Gruppen ASA 58 Mantena AS 59 Nammo AS 60 Norsk Hydro ASA 61 Nysnø Klimainvesteringer AS 62 Posten Norge AS 63 Statkraft SF 64 Telenor ASA 65 Vygruppen AS 66 Yara International ASA 67 Category Goal of the most efficient possible attainment of 3 public policy goals Andøya Space Center AS 70 Simula Research Laboratory AS 104 Avinor AS 71 Siva – Selskapet for Industrivekst SF 105 Bane Nor SF 72 Space Norway AS 106 Bjørnøen AS 73 Statnett SF 107 Carte Blanche AS 74 Statskog SF 108 Den Nationale Scene 75 Staur gård AS 109 Andøya Space Center AS 76 Store Norske Spitsbergen Kulkompani AS 110 Den Norske Opera & Ballett AS 76 Talent Norge AS 111 Avinor AS 77 Trøndelag Teater AS 112 Eksportkreditt Norge AS 77 Universitetssenteret på Svalbard AS 113 Enova 78 Vinmonopolet AS 114 Entur AS 79 Fiskeri- og
    [Show full text]
  • Regulatory Reform in Norway
    Regulatory Reform in Norway MARKETISATION OF GOVERNMENT SERVICES – STATE-OWNED ENTERPRISES © OECD (2003). All rights reserved. 1 ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT Pursuant to Article 1 of the Convention signed in Paris on 14th December 1960, and which came into force on 30th September 1961, the Organisation for Economic Co-operation and Development (OECD) shall promote policies designed: • to achieve the highest sustainable economic growth and employment and a rising standard of living in Member countries, while maintaining financial stability, and thus to contribute to the development of the world economy; • to contribute to sound economic expansion in Member as well as non-member countries in the process of economic development; and • to contribute to the expansion of world trade on a multilateral, non-discriminatory basis in accordance with international obligations. The original Member countries of the OECD are Austria, Belgium, Canada, Denmark, France, Germany, Greece, Iceland, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Turkey, the United Kingdom and the United States. The following countries became Members subsequently through accession at the dates indicated hereafter: Japan (28th April 1964), Finland (28th January 1969), Australia (7th June 1971), New Zealand (29th May 1973), Mexico (18th May 1994), the Czech Republic (21st December 1995), Hungary (7th May 1996), Poland (22nd November 1996), Korea (12th December 1996) and the Slovak Republic (14th December 2000). The Commission of the European Communities takes part in the work of the OECD (Article 13 of the OECD Convention). © OECD 2003 Permission to reproduce a portion of this work for non-commercial purposes or classroom use should be obtained through the Centre français d’exploitation du droit de copie (CFC), 20, rue des Grands-Augustins, 75006 Paris, France, tel.
    [Show full text]
  • Inflation Report 1/2003 Monetary Policy in Norway
    Reports from the Central Bank of Norway No 1/2003 Inflation Report 1 03 March 2 The Inflation Report is published three times a year, and together with Financial Stability, is part of Norges Bank’s series of reports. The report is also available on Norges Bank’s website: http://www.norges-bank.no. The series of reports is included in the subscription for Economic Bulletin. To subscribe please write to: Norges Bank Subscription Service PO Box 1179 Sentrum N-0107 Oslo Norway Telephone: +47 22 31 63 83 Fax: + 47 22 41 31 05 E-mail: [email protected] Editor: Svein Gjedrem Design: Grid Strategisk Design AS Setting and printing: Reclamo grafisk senter AS The text is set in 11½ point Times ISSN 0807-8521 Inflation Report 1/2003 Monetary policy in Norway Objective The Government has defined an inflation target for monetary policy in Norway. The operational objective is an inflation rate of 2½% over time. In general, the direct effects on consumer prices resulting from changes in interest rates, taxes, excise duties and extraordinary temporary disturbances are not taken into account. Norges Bank places particular emphasis on CPI inflation adjusted for tax changes and excluding energy products (CPI-ATE) when assessing underlying inflation. Horizon and implementation 3 The effects of monetary policy occur with long and variable lags, and Norges Bank is forward-looking in interest rate setting. The key rate (the sight deposit rate) is set on the basis of an overall assessment of the inflation outlook, normally with a view to achieving an inflation rate of 2½% two years ahead.
    [Show full text]
  • Illicit Trade in Cultural Artefacts Ved Stranden 18 DK-1061 Copenhagen K
    Nordic Council of Ministers TemaNord 2017:533 Illicit trade in cultural artefacts in cultural trade 2017:533 Illicit TemaNord Ved Stranden 18 DK-1061 Copenhagen K www.norden.org Illicit trade in cultural artefacts This publication is a report from the Nordic expert conference “Illicit trade in cultural artefacts. Stronger together: How can Illicit trade the Nordics join forces to stop the illegal import and export of cultural objects?” which was held in Oslo, 2 to 3 December 2015, following an initiative of the Nordic Ministers of Culture. The in cultural objective of the conference was to explore the potential for a closer Nordic collaboration in order to better meet the states’ obligations under international cultural conventions and the artefacts UN Security Council’s Resolution 2199 on measures to prevent financing of extremist groups and their activities. A number of knowledgeable speakers shared their insights into current Stronger together: How can the Nordics global challenges as regards cultural heritage protection. A join forces to stop the illegal import particular concern is the ongoing looting in war-torn areas in the Middle East. The conference resulted in 13 joint follow-up and export of cultural objects? recommendations. Illicit trade in cultural artefacts Stronger together: How can the Nordics join forces to stop the illegal import and export of cultural objects? TemaNord 2017:533 Illicit trade in cultural artefacts Stronger together: How can the Nordics join forces to stop the illegal import and export of cultural objects? ISBN 978-92-893-4997-0 (PRINT) ISBN 978-92-893-4998-7 (PDF) ISBN 978-92-893-4999-4 (EPUB) http://dx.doi.org/10.6027/TN2017-533 TemaNord 2017:533 ISSN 0908-6692 Standard: PDF/UA-1 ISO 14289-1 © Nordic Council of Ministers 2017 Cover photo: Bjørn Egil Halvorsen/Aftenposten/NTB Scanpix Print: Rosendahls Printed in Denmark Although the Nordic Council of Ministers funded this publication, the contents do not necessarily reflect its views, policies or recommendations.
    [Show full text]
  • Adelaide University Wine Prices in the Nordic Countries
    View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Research Papers in Economics Discussion Paper No. 0223 Wine prices in the Nordic countries: Are they lower than in the region of origin? Jan Bentzen and Valdemar Smith September 2002 Adelaide University Adelaide 5005 Australia CENTRE FOR INTERNATIONAL ECONOMIC STUDIES The Centre was established in 1989 by the Economics Department of the Adelaide University to strengthen teaching and research in the field of international economics and closely related disciplines. Its specific objectives are: • to promote individual and group research by scholars within and outside the Adelaide University • to strengthen undergraduate and post-graduate education in this field • to provide shorter training programs in Australia and elsewhere • to conduct seminars, workshops and conferences for academics and for the wider community • to publish and promote research results • to provide specialised consulting services • to improve public understanding of international economic issues, especially among policy makers and shapers Both theoretical and empirical, policy-oriented studies are emphasised, with a particular focus on developments within, or of relevance to, the Asia-Pacific region. The Centre’s Director is Professor Kym Anderson ([email protected]) and Deputy Director is Dr Randy Stringer ([email protected]) Further details and a list of publications are available from: Executive Assistant CIES School of Economics Adelaide University SA
    [Show full text]