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Norway Provides Update on Economic Measures in Response to COVID-19

09 April 2020

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Approved Changes

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Norway

The Norwegian government published a release on 6 April summarizing the economic measures adopted and proposed in response to COVID-19. For businesses, the measures are summarized as follows: Measures aimed at business and industries https://www.regjeringen.no/en/aktuelt/foretak-med-minst-30--omsetningsfall-kan-fa-kompensasjon/id2696396/ A compensation scheme for otherwise sustainable businesses with at least a 30% drop in revenue due to the virus outbreak. The amount of support will depend, among others, on the size of revenue loss, the size of the enterprise’s unavoidable fixed costs and whether the enterprise has been ordered by the government to close (separate release]). A reduction in employer-paid days from 15 to 2...