Norway: Business Environment
New Year's Day | January 1st |
Palm Sunday | The Sunday before Easter Sunday |
Holy Thursday | The Thursday Before Easter Sunday |
Good Friday | The Friday Before Easter Sunday |
Easter Sunday | March-April |
Easter Monday | The Day After Easter Sunday |
May Day | 1st of May |
Ascension Day | 40 days after Easter |
Constitution day | May 17th |
Whit Sunday | 50 days after Easter |
Whit Monday | 51 days after Easter |
Christmas Day | December 25th |
Boxing Day | December 26th |
Note | Banks, shops and offices usually close early on Christmas Eve and December 31st. |
Christmas Holiday | From Christmas |
Summer Holiday | From July-August |
Note: | Many Norwegians like to take time off between Palm Sunday and Easter Monday |
Most firms have a flat organisational structure and, as such, decisions are usually taken in groups and staff is consulted during the process. Thus, they may take a while to be reached. Unions are commonplace in all industries, have seats on boards and are quite involved in the decision-making process. Nevertheless, managers can also force decisions on others if they know their staff will not support them in a particular effort.
Relationships are usually only transactional and business contacts are not expected to build close ties over time. That being said, trust, honesty and transparency are crucial for Norwegians, who may be reluctant to do business with foreigners lacking these values. It is important to be open and discuss all aspects of your business. Being late, unreliable or displaying lack of professionalism will likely mean trust is broken and the relationship is over.
Norwegians are known as open and direct communicators. There is no place for excess emotion, small talk or exuberant body language. Periods of silence are common and it is not recommended to try and fill in the gaps. Interruptions are not appreciated and all questions should be left after your counterpart's presentation.
It is important to be ready for every meeting with prior research, extensive preparation and timely communication. It is recommended to use a fact-oriented presentation form. Bargaining is usually kept to a minimum and discounts are uncommon. A realistic and solid price quote is therefore likely to be more successful. Hard selling, conflict and confrontation are also to be avoided. Norwegians respond much better to the honest straightforward approach. There is usually very little flexibility in prices and specifications and an offer stands as tendered.
Business entertaining is mostly reserved for lunch or dinner, rarely over breakfast. It is important to keep alcohol at a minimum. The party that extends the invitation is expected to pick up the bill. If the lunch/dinner takes place at a Norwegian’s home rather than at a restaurant it is most likely that business will not be discussed, as Norwegians draw a very strict line between their work and family lives.
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Latest Update: July 2024