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Norway

Hydro’s activities in Norway to be impacted by Norwegian state budget for 2023

Norsk Hydro ASA (Hydro) announced that its activities in Norway have been impacted by the Norwegian government budget proposal for 2023. The increase in the resource rent tax on hydropower from 37% to 45% will apply to Hydro's equity power production and will be applicable for the full year 2022. The increase implies....

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