As of 24 March. Please note that the process regarding the economic situation in Norway due to the covid-19 outbreak is ongoing. Additional governmental measures may alter and have an impact on what is mentioned. This is not a guide book on what to do, nor a complete list of sources. We are updating the section continuously based on the information at hand.
Oslo Business region has compiled a guide to relief packages here.
Another guide by Shifter here.
On 23 March, 2020, Innovation Norway announced that it is adjusting its offerings to meet changing needs as a result of the corona pandemic. This applies to grants, loans and guarantees.
More info: Innovation Norway adjusts offering
On 12 March 2020, the central bank of Norway (Norges Bank) lowered the interest rate from 1.5% to 1.0%. In addition, several actions were taken to ensure banks' liquidity, through F-loans. On 20 March, Norges Bank reduced the rate further, by 0.75ppt to 0.25%.
More info: Central bank policies
On 16 March, the government announced two new loan measures, totaling NOK 100bn to improve business liquidity.
More info: state guaranteed loans
On 13 March 2020, the Norwegian Government announced immediate measures to avoid unnecessary layoffs and bankruptcies in viable companies from the economic shock of COVID-19. Changes or updates may come in the coming weeks. The package affects labour law, sick leave pay and loans.