Just read a very interesting article on http://www.insolvencyjournal.ie where they visit different countries in Europe to see how the recession is affecting them. This weeks country was Norway and 2 very interesting point of note were as follows
Very prudent of the government to keep the profits of oil tucked away, works out at €100k per head of population.
Does anyone know what these generous maternity benefits are. I cant seem to find any details on the internet.
But the good news is that Norway has been wise with its oil wealth, unlike the UK, and has invested it well since the first discovery of black gold some 40 years ago. It set up two sovereign wealth funds to hold the oil profits and these are now valued at some €500bn. This plump nest egg will see the 5m Norwegians through as many lost decades as the global economy’s greed and profligacy can throw at them.
And some of the most generous maternity benefits in the world make Norway’s demographics the envy of the ageing world, producing plenty of future workers, carers and tax payers and keeping that endearing sunny smile on the faces of so many of its population, despite its savage winters.
Very prudent of the government to keep the profits of oil tucked away, works out at €100k per head of population.
Does anyone know what these generous maternity benefits are. I cant seem to find any details on the internet.