Norway's Conservatives sweep to victory


Norway's right-of-center Conservatives and its allies have won a landslide victory in the country's election, beating out the ruling Labor party.

Incoming Prime Minister Erna Solberg has promised a program of privatization, a reduction of Norway's heavy reliance on oil, and tax cuts as she looks to give the private sector more room to breathe.

The privatization could include the lowering of stakes in Statoil (STO) and telecoms group Telenor (TELNF.PK).

OMX Oslo 20 +0.3%. USD-NOK -0.2% to 5.998 krones.

ETFs: NORW, ENOR

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Comments (2)
  • drstocks
    , contributor
    Comments (63) | Send Message
     
    I wonder how Norway would do without the North Sea oil and gas.
    10 Sep 2013, 04:11 AM Reply Like
  • Veritas1010
    , contributor
    Comments (3344) | Send Message
     
    Not easily as I understand the income stream. For STO at least, more shares open market after "a dumping" could raise investment value.

     

    Anytime most governments extricate themselves from the private market good things usually happen, (unless management is as infirmed as the national government), ...yes, it has happened...see Telefonica (TEF) in Spain for example.
    10 Sep 2013, 07:13 PM Reply Like
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