The Norwegian Government's (preliminary) emergency plan for handling the consequences of COVID-19

news
18 Mar 2020
Insights
Latest news – the Government's measures of 27 March
 
On March 27, the Government presented a proposal to create a new temporary cash support scheme to save jobs in Norway:
 
  • The State will cover a portion of the fixed costs for companies that have a "significant drop in turnover" as a result of the outbreak of coronavirus and the infection control measures.
  • The scheme is intended to be broad and must be designed in accordance with state aid regulations.
  • The Government is collaborating with Finance Norway to find a solution where the companies themselves seek support through a digital portal.
  • The processing of the applications must to a large extent be automated and based on available register data.
  • Initially, the scheme will last for two months. Further details are expected next week (week 14)

Additionally, it has been announced that the Government will propose an "entrepreneurial package" of NOK 5 billion.

Note that these measures are proposals from the minority government, and they will now be considered by the Storting. So far, all proposals from the government have been upheld in the Storting.

 

Download our thematic overview of the Norwegian Government's (preliminary) emergency package for handling the consequences of the coronavirus COVID-19 by clicking on the PDF file at the bottom of the page.
 
General information
Substantive parts of the package can be enacted by the Government alone, through secondary regulations, or general Parliamentary decisions, and have already been decided.
 
Substantive parts of the package can be enacted by the Government alone, through secondary regulations or general Parliamentary decisions, and have already been decided. Certain measures require legislative amendment(s), and need to go through a Parliamentary vote(s) before being finally passed.
 
The measures mentioned in our overview, are measures that are already decided or where reports indicate majority in the Parliament, thus we find it likely that they will be passed. The details and enforcement of the measures may still be debated.
 
We note that these are just some of the measures and temporary amendments implemented to handle COVID-19 and its consequences.
  • The summary was last updated Friday 27 March 2020.
  • We also refer to the Norwegian Government's own thematic overview for national measures related to the coronavirus crisis, which is available here (in Norwegian only)