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Norway Economy

Norway’s Telenor may have spent over Rs 4,000 crore to buy spectrum in the recently concluded auction but it does not plan to launch third generation services anytime soon. The company will stick to its strategy of offering affordable voice calls to the subscribers in the six circles where it won spectrum.

from The Economist

The Big Mac index

A Big Mac will cost you a whopping $8.70 in Norway imagine that. I ain't paying.

Norway has the largest budget surpluses in the developed world and no net national debt. Norway's miracle was built upon the highest corporate tax in the world, a wealth tax, and a 78% tax on oil profits.

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