NORWAY: millions of Norwegian krona for the fishing industry

After a few hesitations the Norwegian Government is putting in place a number of measures to help the fishing industry in Norway.

One of the measures consists of a government subsidy of 11.5 million Norwegian Krona (or 1.7 million USD) for the marketing of cod products in Portugal, Spain, Sweden, France but also in Norway.

Another major measure is the establishment of a guarantee fund amounting to 525 million Norwegian Krona (77.2 million USD) for the "first sale" of fish.

More information can be found in the following webpages (in Norwegian):

Guarantee fund:

http://www.regjeringen.no/nb/dep/fkd/pressesenter/pressemeldinger/2009/ny-ordning-for-garantier-til-fiskerinari.html?id=545107

Marketing of cod:

http://www.regjeringen.no/nb/dep/fkd/pressesenter/pressemeldinger/2009/ekstraordinar-markedsinnsats-for-torsk.html?id=544864