By Connor Morpurgo •
Published: 02 Jan 2025 • 21:02
• 2 minutes read
Norway’s hydropower sources allow for a more seamless use of energy, and one of many key reasons they should inspire Europe. Credit: Voith Hydro, Twitter.
As of late, Norway has soared to prominence as a powerhouse of sustainability, a great quality of life, and an awesome digital infrastructure. Here are some key reasons why European’s key decision-makers should seek guidance from this Scandinavian nation.
Technology frontrunners
Top technological sector: Simply put, they now boast one of the leading forces of digital infrastructure in Europe, with business being allowed to operate seamlessly and securely across borders. Of many European nations, they have the highest broadband speed, and when you add that to their focus on AI and cloud computing, as well as cybersecurity and big data, its clear to see they are a step ahead.
Political and social stability: A low level of corruption and a strong sense of the law make up the sociopolitical landscape here, as Norway is notably marked by a due respect for human rights, autonomy, and justice. There is a sound welfare system as well as a lucrative Sovereign Wealth Fund, which gives locals an abundance of security and prosperity, as well as a high social trust and cohesion standpoint, reinforcing its status as a factor for locals to stay here.
Focus on sustainability
Renewable energy: Norway is a hydropower nation, with 98% of its electricity being produced from renewables making Norway one of the nations with the smallest carbon footprint in the world, not only Europe. Green hydrogen and ammonia produced can act as zero emission fuels for sea and land transport.
Ultra high health and safety standards: Having one of the highest standards in the world in this sector, Norway focuses efforts on environmental protection and social responsibility, as well as their zero tolerance for accidents and injuries in the offshore industry.
Highly appealing working and living structure
Strong workforce culture: trustworthy and well-educated workers make up the labour force here, with much responsibility and autonomy placed on the shoulders of Norwegians. Labour costs are diminished here compared with many European nations, giving companies some breathing room. Norway preaches a culture built on trust, cooperation and a flat hierarchy, without excessive bureaucracy or micromanagement. Add that to the admirable work-life balance, paternal leave and high quality of life, Norway serve as a European inspiration for many .
To keep up with the latest news from Norway, follow our Norway newspage here.
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Publish date : 2025-01-02 10:02:00
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The post Norway European hope for businessmen « Euro Weekly News first appeared on Love Europe.
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Author : love-europe
Publish date : 2025-01-02 21:27:34
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