Norway recorded its premier ever trade surplus in July because of to soaring fuel costs. The benefit of Norwegian exports of products exceeded that of imports by 153.2 billion crowns (15.6 billion euros), the Countrywide Figures Institute announced on Monday. The former file of 138.1 billion crowns was only set in March.
The temporary closure of the Nord Stream 1 pipeline and the reduction of fuel transportation by the pipeline “served press the gasoline price to report highs in July,” the statisticians stated. 12 months just after year, Norway quadrupled its gasoline export revenues in July. Exports of other critical Norwegian goods these types of as oil, energy, metal and fishery solutions have also amplified. (apa)
Though European countries want to reduce their dependence on Russian strength imports, Norway is producing at comprehensive speed to protect some of the desire. Germany needs to additional broaden its strength company with Norway. In this context, German Chancellor Olaf Scholz (SPD) is expected to hold talks with Norwegian Prime Minister Jonas Gahr Störe in Oslo on Monday. (apa)
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