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Bjørnøen
Bjørnøen AS is a Norwegian government enterprise that owns all land and some heritage buildings on the uninhabited overseas territory of Bjørnøya (Bear Island). The company was founded as I/S Bjørnøen Kulkompani on June 3, 1918 to perform coal mining on Bjørnøya (the Bjørnøen spelling is the Danish-based 19th century Norwegian spelling of Bjørnøya). It was nationalized in 1932 and became a subsidiary of Kings Bay in 1967. The company is managed by Kings Bay AS. It is owned by the Norwegian Ministry of Trade and Industry, who own the company as part of a strategy to claim sovereignty of the island. Kings Bay is responsible for the administration of the company, financed through the ordinary state subsidies to Kings Bay. The company has the same board of directors and managing director as Kings Bay. The Norwegian Meteorological Institute rents some land for a meteorological station on the island. They are also responsible for coordinating any scientific activities on th ...
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Bear Island (Norway)
Bear Island ( no, Bjørnøya, ) is the southernmost island of the Norway, Norwegian Svalbard, Svalbard archipelago. The island is located in the western part of the Barents Sea, approximately halfway between Spitsbergen and the North Cape, Norway, North Cape. Bear Island was discovered by Dutch explorers Willem Barentsz and Jacob van Heemskerck on 10 June 1596. It was named after a polar bear that was seen swimming nearby. The island was considered terra nullius until the Spitsbergen Treaty of 1920 placed it under Norwegian sovereignty. Despite its remote location and barren nature, the island has seen commercial activities in past centuries, such as coal mining, fishing and whaling. However, no settlements have lasted more than a few years, and Bear Island is now uninhabited except for personnel working at the island's meteorological station ''Herwighamna''. Along with the adjacent waters, it was declared a nature reserve in 2002. History Seafarers of the Viking Age, Viking ...
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Kings Bay (company)
Kings Bay AS is a government enterprise owned by the Norwegian Ministry of Trade and Industry that operates the entire settlement of Ny-Ålesund on Svalbard. The settlement, the most northerly civilian settlement in the world, serves research staff. The company provides the necessary infrastructure, such as transport (including the airport Ny-Ålesund Airport, Hamnerabben), real estate, power and water supply, catering and other facilities. The company is also responsible for administering Bjørnøen AS, a government enterprise that owns the entire island of Bjørnøya. In the summer the company also handles cruise ships that arrive at Ny-Ålesund. The company was founded in 1916 as Kings Bay Kull Company with the intention of operating a coal mine. It was later nationalized, and in 1962 the mine closed in the context of a political crisis in Norway known as the Kings Bay Affair (''Kings Bay-saken''). A research facility was subsequently set up in at Ny-Ålesund, to be run by t ...
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Ministry Of Trade And Industry (Norway)
The Royal Norwegian Ministry of Trade and Industry (Norwegian: Nærings- og handelsdepartementet) was a Norwegian ministry responsible for business, trade and industry. On 1 January 2014 it was merged into Ministry of Trade, Industry and Fisheries. From 2013 it was led by Monica Mæland (Conservative Party), who continued as minister of trade, industry and fisheries from 2014 to 2018. History The Norwegian Ministry of Trade, Shipping, Industry, Craft and Fisheries was created on 1 October 1916. After this, the ministry underwent several name changes: to Ministry of Trade, Shipping and Industry on 1 July 1946, to Ministry of Industry, Craft and Shipping on 6 December 1947, to Ministry of Industry and Craft on 1 January 1955, to Ministry of Industry 1 January 1988, to Ministry of Industry and Energy on 1 January 1993 and to Ministry of Trade and Industry on 1 January 1997. Organisation The Ministry of Trade and Industry has six departments. The Press and Communications Division is par ...
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Board Of Directors
A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws. These authorities may specify the number of members of the board, how they are to be chosen, and how often they are to meet. In an organization with voting members, the board is accountable to, and may be subordinate to, the organization's full membership, which usually elect the members of the board. In a stock corporation, non-executive directors are elected by the shareholders, and the board has ultimate responsibility for the management of the corporation. In nations with codetermination (such as Germ ...
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Mining In Svalbard
The economy of Svalbard is dominated by coal mining, tourism and research. In 2007, there were 484 people working in the mining sector, 211 people working in the tourism sector and 111 people working in the education sector. The same year, mining gave a revenue of , tourism NOK 317 million and research 142 million. In 2006, the average income for economically active people was NOK 494,700, or 23% higher than on the mainland. Almost all housing is owned by the various employers and institutions and rented to their employees; there are only a few privately owned houses, most of which are recreational cabins. Because of this, it is nearly impossible to live on Svalbard without working for an established institution. The Spitsbergen Treaty and ''Svalbard Act'' established Svalbard as an economic free zone and demilitarized zone in 1925. Food Agriculture Fishing and hunting Svalbard has historically been a base for both whaling and fishing. Norway claimed a exclusive ...
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Companies Based In Svalbard
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Government-owned Companies Of Norway
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. This form is often referred to as a state-owne ...
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Nature Reserve
A nature reserve (also known as a wildlife refuge, wildlife sanctuary, biosphere reserve or bioreserve, natural or nature preserve, or nature conservation area) is a protected area of importance for flora, fauna, or features of geological or other special interest, which is reserved and managed for purposes of conservation and to provide special opportunities for study or research. They may be designated by government institutions in some countries, or by private landowners, such as charities and research institutions. Nature reserves fall into different IUCN categories depending on the level of protection afforded by local laws. Normally it is more strictly protected than a nature park. Various jurisdictions may use other terminology, such as ecological protection area or private protected area in legislation and in official titles of the reserves. History Cultural practices that roughly equate to the establishment and maintenance of reserved areas for animals date bac ...
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Norwegian Meteorological Institute
The Norwegian Meteorological Institute ( no, Meteorologisk institutt), also known internationally as MET Norway, is Norway's national meteorological institute. It provides weather forecasts for civilian and military uses and conducts research in meteorology, oceanography and climatology. It is headquartered in Oslo and has offices and stations in other cities and places. It has around 500 full-time staff and was founded in 1866. History The institute was founded on 1 December 1866 with the help of Norwegian astronomer and meteorologist Henrik Mohn who served as its director until 1913. He is credited with founding meteorological research in Norway. The abbreviation ''MET Oslo'' or ''MET OSLO'' has been used internationally for a long time; the World Meteorological Organization for example recommended in 1956 that its members standardized references to this institute as ''MET OSLO''.Abridged Final Report of the Session, Commission for Marine Meteorology, Secretariat of the World ...
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Managing Director
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially an independent legal entity such as a company or nonprofit institution. CEOs find roles in a range of organizations, including public and private corporations, non-profit organizations and even some government organizations (notably state-owned enterprises). The CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the share price, market share, revenues or another element. In the non-profit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of main manager of the organization and the highest-ranking offic ...
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State Ownership
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. This form is often referred to as a state-owne ...
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Sovereignty
Sovereignty is the defining authority within individual consciousness, social construct, or territory. Sovereignty entails hierarchy within the state, as well as external autonomy for states. In any state, sovereignty is assigned to the person, body, or institution that has the ultimate authority over other people in order to establish a law or change an existing law. In political theory, sovereignty is a substantive term designating supreme legitimate authority over some polity. In international law, sovereignty is the exercise of power by a state. ''De jure'' sovereignty refers to the legal right to do so; ''de facto'' sovereignty refers to the factual ability to do so. This can become an issue of special concern upon the failure of the usual expectation that ''de jure'' and ''de facto'' sovereignty exist at the place and time of concern, and reside within the same organization. Etymology The term arises from the unattested Vulgar Latin's ''*superanus'', (itself derived ...
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