Norway_Eder

ME
by Manuel Eder22 views·Updated Jan 29, 2022
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Presentation for English Class

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  1. Hello ladies and gentlemen,
  2. my name is Manuel Miranda and today I will tell you everything you
  3. need to know when you want to invest especially into pharmaceuticals in Norway
  4. I will start my presentation with the
  5. geographic aspects.
  6. Then I will move on to the economic aspects, political aspects, taxation aspects,
  7. social and labor aspects and in the end I will move to the pharmaceuticals.
  8. So let's move on to the geographic aspects.
  9. Norway's a Scandinavian country known for its mountains, glaciers
  10. and deep coastal fjords. The capitalists are slow as you can see here.
  11. Norway is a very long country which is surrounded by the sea on one side.
  12. This can lead to complications when it comes to the transport routes you think.
  13. But over 50 airports in Norway and sure that even
  14. the most northern communities can be reached by plane.
  15. All major cities in Norway have airports with international and domestic
  16. connections
  17. but that's not the only thing.
  18. The Norweigan government also attach great importance
  19. to expanding the road network in total.
  20. The Norweigan government has planned to spend €120 billion
  21. euros to develop an efficient,
  22. efficient
  23. reminder friendly and safe transport system, a transport system
  24. that will add many large and complex tunnel systems on road rail empathy.
  25. As you can see here on this picture.
  26. So let's move on
  27. To the economic aspects.
  28. As you can see the GTB has almost exploded over
  29. the last 50 years and reached its peak in 2012,
  30. 2020 the GTB was around $362
  31. billion
  32. in the year 2000 and 21 the GTB grow again, grew again up to $445
  33. billion.
  34. When we look at the G. D. P. In percent,
  35. you can clearly see that it fell down in 2020. Obviously because of the pandemic,
  36. But because of the high number of pharmaceutical companies in Norway,
  37. the GDP grew up nearly 4% again in year 2021 and is now around 3%.
  38. Mhm
  39. Let's continue with the political aspects.
  40. Nor is the parliamentary monarchy, the king or queen,
  41. which you can see on this picture
  42. Is the head of the state, but political power rests
  43. with its parliament
  44. but Norway is also a parliamentary democracy.
  45. Democracy that means the country is governed by prime
  46. minister and cabinet and one of the 69 seat parliament
  47. that is elected every four years and cannot be resolved
  48. as mentioned
  49. as mentioned.
  50. The capitalists also and is located in the south of the country,
  51. the seat of the government is also there
  52. in Norway. Citizens voted against joining the european union.
  53. That means no, it doesn't have to europe,
  54. let's move on to the social
  55. aspects that and the school education aspects which
  56. have effects on the labor aspects later on
  57. the no vegan education system is based on traditions and common values.
  58. Human knowledge is the most important resource in our society.
  59. There is a strong political support
  60. from the government
  61. to support the goals of education, to give Children and youth
  62. the opportunity for general education,
  63. person development and knowledge and skills
  64. attending a public university in Norway is
  65. tuition free even for international students,
  66. which is great.
  67. This is because Norway believes that everyone
  68. should have access to education regardless of
  69. social and economic background.
  70. Today, nearly every third person in Norway has attained a higher level of education
  71. which you can see here on this picture in 2010,
  72. the number was around 241,000 people in
  73. in a university.
  74. 10 years later
  75. it grew up, almost 60,000
  76. people attending a university.
  77. Also, a very interesting point is that the unemployment rate in Nora is around 5.1%,
  78. which is nearly perfect because you speak from
  79. a full employment of the population around 5%.
  80. Let's move on to the taxation aspects as a tax services
  81. resident of nor where you have to pay tax on income
  82. that you have earned during a calendar year,
  83. You will be liable for text on your salary and other income, including interest come
  84. income from letting of property and income from shares.
  85. The income tax rate is around 38.2%, which is quite high,
  86. but
  87. The corporation tax is 22% which is in the middle of international comparison.
  88. So to come to an end, I will move on to the pharmaceuticals.
  89. As you can see here
  90. many of the best known pharmaceutical companies like Novartis and Pfizer.
  91. There's also a location in Norway.
  92. Fighter Will of course be known to everyone by now. Exactly for this reason the G. D.
  93. P. Is forecasted higher for the next few years because of the vaccination
  94. Here. You can see the pharmaceuticals sales from 2008 to 2022.
  95. Sorry for 2020
  96. you can see that the sale
  97. almost threw up
  98. 15 million
  99. US dollars from 2008 to 2020,.
  100. Their sales, their sales were about $3 billion
  101. U. S. Dollars
  102. which is a quiet high number.
  103. So this is the end of my presentation.
  104. I hope I can I could give you a
  105. a good overview of Norway
  106. and
  107. I hope you invest into North
  108. Goodbye.