In the early 1800s, Norway was a country of farmers and fishermen. Christiania, as the capital city was then called, had just 10,000 inhabitants. The Norwegian economy was weak, and money was scarce. This had a crushing effect on business and industry, and it was decided that the country needed a commercial exchange to encourage greater commercial activity.
The merchant Nicolay Andresen is generally recognised as the "father" of the Oslo stock exchange. He made the first proposal for a commercial exchange to the Norwegian parliament in 1818, and a small committee of four leading businessmen was established to progress the idea.
In May 2001 Oslo Børs, which by this time had been in existence for 182 years, changed its status from being a self-financing foundation to become a limited company, and the company created was then privatised. The new structure involved Oslo Børs Holding ASA as a holding company with the sole business objective of owning 100% of the share capital of Oslo Børs ASA, which is the company that operates the marketplaces. Oslo Børs Holding ASA was subsequently included on the OTC list operated by the Norwegian Securities Dealers Association, but as a matter of policy the company elected from the time it was established to operate as though it had a full stock exchange listing.'
Vietnam's shrimp exports reached over 686 million USD in Q1/2024 Viet Nam
In March 2024, shrimp exports reached nearly 272 million USD, up 3% over the same period last year. Although the growth rate is still modest, this shows that purchasing power from the markets is recov...
Spanish Fishing Consortia Impact Artisanal Fishing in Central America Nicaragua
The following is an excerpt from an article published by IPS-Inter Press Service:
Spanish transnational fishing companies, especially in Nicaragua, El Salvador and Guatemala, have aimed to exploit ec...
The Norwegian Pelagic Fishing Course in Week 17 Norway
Good week for blue whiting in the Faroese zone, but still poor for the sandeel
Blue whiting:
Last week, 19,499 tonnes of coal mullet were registered from 19 different boats. The fishing has ...
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