To sum up, Copenhagen is the economical and financial centre not only of Denmark but also for Scandinavian-Baltic region. This city is rich in companies and institutions with a focus on R&D within biotechnology and life sciences sectors as well as IT and shipping industry.
1 Mar 2010
Copenhagen – capital of Norway?
To sum up, Copenhagen is the economical and financial centre not only of Denmark but also for Scandinavian-Baltic region. This city is rich in companies and institutions with a focus on R&D within biotechnology and life sciences sectors as well as IT and shipping industry.
Labels:
bicycle,
Carlsberg,
Copenhagen,
copenhagenize,
Danish,
Denmark,
Hamlet,
Little Mermaid,
Marble Church,
Nyhavn,
Pølse,
Rosenborg Castle,
Smørrebrød
21 Feb 2010
How will pension be worth in Norway?

- The Government Pension Fund - Global (Statens pensjonsfond utland - SPU, formerly Petroleum Fund)
- The Government Pension Fund – Norway (Statens pensjonsfond Norge – SPN, formerly The National Insurance Scheme Fund)
Why does it look so good?
First of all, petroleum sector income – Norway is third exporter of oil and gas (after Saudi Arabia and Russia) in the world. Second, active management. This means long-term investments (30-year horizon), stressed markets, risk-return trade-off as well as economies of scale, targeted strategies and high quality Norwegian organisation. Within active management they use three main strategies: ensure efficient market exposure, create value through fundamental analysis and management of systematic risk. In 2009 equities made up 62.4% of the Fund’s total investments and fixed income instruments constituted 37.6%. This 62.4% is a high level of exposure to the highly volatile and therefore risky non-Norwegian stock and money market, because they don’t want to overheat their domestic economy. Since 2009 they have presented also in Poland (one of the 46 developed and emerging equity market), which makes me feel better, because I support their policy carried out among companies they own stakes (more than 8 300 companies):
- Equal treatment of shareholders
- Shareholders influence and board accountability
- Well-functioning, legitimate and efficient markets
And what sounds paradoxically for a fund based on oil and gas revenues they care about green issues such as climate change, water management and even children’s rights. Although their activism is limited to encourage better social and environmental standards at companies by publication of number of documents explaining how companies should manage, their ideas is honorable in my opinion. Another issue, which makes me feel better is the Fund’s ethical stance. Since 2006 they haven't invested in companies involved child labour, violation of human rights, the production of tobacco, nuclear, chemical and biological weapons. In year mentioned above they kicked out nearly 30 companies, which met these criteria e.g. US retail giant Wal-Mart, because of its labour policies.
For more performance of the Government Pension Fund – Global see this report.
Labels:
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Stortinget
14 Feb 2010
You are what you eat
7 Feb 2010
Snakker du norsk?
Move on, back to Norwegian, for Norwegians the dialect makes up an important part of their identity, and by listening to a person's dialect they can in most cases determine with good accuracy from which part of the country he or she is from. Scandinavian Languages developed from Old Norse language. Vikings were the ones who spread this language across the Europe and even into far Iceland and farer Greenland as well as deep Russia, making Old Norse one of the most widespread languages for that time. Christianity’s contribution into Old Norse around 1030 was Latin alphabet. Almost 150 years Norway was unified with Denmark and Sweden under Kalmar Union established in 1397, which means that the language in this union didn’t varied very much. Furthermore, between 1536 and 1814 Norway was subordinated under the Kingdom of Denmark – Norway, so Danish was commonly used by Norway’s literate class. After the end of this Kingdom the Dano-Norwegian koiné (About koiné language) had became the mother tongue of Norwegian elites. In short time Norway was forced to enter a personal union with Sweden. This time Norwegians wanted to declare their independence, they even proclaimed a constitution in Syttende Mai (17 May 1814), which day is now called Norwegian Constitution Day and is celebrated every year.
(1) Do nothing (remained with Danish, which was already different from Swedish)
(2) Norwegianise Danish language
(3) Build a new national language based on local dialects.
They went through all three paths. Some movers did nothing, Knud Knudsen (About Knud Knudsen) tried to Norwegianise Danish using Dano-Norwegian koiné and Ivar Aasen began to create a new Norwegian language. Ivar was the most stout-harted, he traveled around the country and spoke with locals, examined Icelandic as well and the fruit of his labor was Landsmål (About Landsmål), meaning national language. Nowadays, Landsmål is interpreted as farmers language, which wasn’t Ivar’s previous intention. As an effect of Knud Knudsen work Riksmål (About Riksmål) did borned, which means state language. In 1929 Riksmål was officially renamed to Bokmål (Book Language) and Landsmål to Nynorsk (New Norwegian).
Today, the majority of the people in Norway are using Bokmål (85-90% of the population in Norway). But in areas in the Northwestern part of Norway and in the very south, Nynorsk is used (above 10% Norwegians use it as their primary written language). However, it should be noted that Bokmål and Nynorsk are not classified as two different languages where you have to learn the other as a foreign language. In short one could say that they are more two different written norms. Thus, text written in Bokmål is perfectly understandable for a person using Nynorsk, and vice versa. What is more, it exists also a conservative version of Nynorsk called Høgnorsk (High Norwegian) and in Norwegian language courses they taught foreign students Standard Østnorsk (Standard East Norwegian). Great! If you really want to develop on the languages field, come to Norway!
Let’s have a good start, here you can find survival phrases with pronunciation (just click on the word, it's working in IE):
(1) Total basic for dummers:
Ja. Yes.
Nei. No.
Vær så snill. Please.
Takk. Thank you.
Vær så god. You're welcome.
Unnskyld. Excuse me.
Beklager. I am sorry.
God morgen. Good morning.
God kveld. Good evening.
God natt. Good night.
For greetings they usually say: Hei or Hei hei.
(2) A bit more for advanced students:
Snakker du engelsk? Do you speak English?
Finnes det noen her som snakker engelsk? Does anyone here speak English?
Jeg snakker bare litt norsk. I only speak a little Norwegian.
Hva heter du? What is your name?
Jeg heter Kari. My name is Kari.
Hvordan har du det? How are you?
Takk, jeg har det bra. I'm fine, thank you.
Det er så hyggelig å treffe deg. I am very glad to meet you.
Jeg forstår ikke. I don't understand.
For Norwegian courses visit e.g. NorskCarolina.
1 Feb 2010
Try to find your car in Norway
- There will be 3 to 5 inches of snow today and a snow emergency has been declared. You must park your cars on the odd numbered side of the streets.
Ole got up from his coffee and replies - Jeez, OK.
Two days later, again they both are sitting down with their cups of morning coffee and the weather forecast is:
There will be 2 to 4 inches of snow today and a snow emergency has been declared. You must park your cars on the even numbered side of the streets."
Ole got up from his coffee and replies - Jeez, OK.
Three days later, again they both are sitting down with their cups of coffee and the weather forecast is:
There will be 6 to 8 inches of snow today and a snow emergency has been declared. You must park your cars on the... and then the power went out and Ole didn`t get the rest of the instructions. He says to Lena:
- Jeez, what am I going to do now, Lena?
Lena replies: - Aw, Ole, just leave the car in the garage.
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