AGP Executive Report
Last update: 7 hours agoNorway-Hungary Ties: Norway will resume grants to Hungary after a decade-long freeze, with a €254 million agreement focused on democracy, rule of law and green transition. Fisheries: Norway and Russia agreed to raise the cod quota to its highest level in five years, reversing years of cuts; salmon prices, meanwhile, face pressure from storms and a stronger krone. Ukraine Diplomacy: After talks in Oslo this week, Russia, Ukraine and the US plan to resume trilateral negotiations in Abu Dhabi in the first half of November, with postwar security high on the agenda. Ukraine is also seeking more Norwegian support for air defence and interceptor missiles. Economy: Norway’s sovereign wealth fund reported a roughly $30 billion third-quarter loss, as falling bond values weighed on returns. Refugees: Norway expects 8,680 refugees in 2027, nearly 2,000 fewer than this year.
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