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EU PolicyWatch

Database of national-level policy measures

Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.

Factsheet for measure NO-2022-14/2267 – measures in Norway

Crisis measures for the business community in East Finnmark

Krisepakke til næringslivet i Øst-Finnmark

Country Norway , applies regionally

    • – NO074 Troms og Finnmark
Time period Temporary, 01 April 2022 – 31 December 2022
Context War in Ukraine
Type Legislations or other statutory regulations
Category Supporting businesses to stay afloat
– Access to finance
Author Aasmund Arup Seip, FAFO and Eurofound
Measure added 13 May 2022 (updated 13 June 2023)

Background information

The war in Ukraine and the sanctions against Russia has caused problems for businesses trading with Russia. On 18 March 2022, the Government presented crisis measures for the business community in East Finnmark. Troms og Finnmark county in the north of Norway that borders Russia. Russia's warfare in Ukraine and the accompanying sanctions have created uncertainty for the business community in East Finnmark. The scope of Norwegian companies' trade with Russia is limited, but some companies, especially in East Finnmark, can be hit hard by the sanctions. The government regards settlement and activities in East Finnmark as important for the region and for Norwegian security policy. The government has proposed two measures to help with the situation.

Content of measure

The crisis measures aimed at supporting business in East Finnmark consists of two measures:

  1. District-oriented instruments. The government has proposed to allocate NOK 50 million (€5 million) to Troms and Finnmark county municipalities, which will strengthen the existing district-oriented instruments managed by Innovation Norway and Siva (Siva - The company for industrial growth - is a state-owned enterprise that develops, owns, and finances a national infrastructure for innovation and business development). The counties can allocate funds to municipal business funds in the affected municipalities. The funds can be used for skills development.
  2. Low-risk loans managed by Innovation Norway are used to part-finance investments in buildings and operating equipment, including fishing vessels and investments in agriculture. An increase as a one-off measure in 2022, of NOK 500 million (€50 million), will be used to assist the industries that have been hit hard by the crisis and will be aimed at companies in East Finnmark. Low-risk loans are granted on market terms and the interest rate is adapted to the market and priced individually. The loan scheme may be a relevant source of capital for companies with development and restructuring projects in East Finnmark and may be included in co-financing with loans from private banks.

Use of measure

No information.

Target groups

Workers Businesses Citizens
Does not apply to workers Applies to all businesses Does not apply to citizens

Actors and funding

Actors Funding
National government
National funds

Social partners

Social partners' role in designing the measure and form of involvement:

Trade unions Employers' organisations
Role Consulted Unknown
Form Unknown Not applicable

Social partners' role in the implementation, monitoring and assessment phase:

  • Unknown
  • Main level of involvement: Regional or local level


There is no information on social partners direct involvement in the creation of the measures, but both the local business community and the local unions voiced a need for public measures to protect employment. On 7 April the head of Norwegian Confederation of Trade Unions (LO), Peggy Hessen Følsvik, said that feedback from the community in Kirkenes was useful to the dialog LO has with the government. “My impression is that the government has so far listened to both us and the business actors who have been affected and has been quickly on deck with several crisis packages”, she said.

Views and reactions

The social partners are supportive of the measure. However, some local companies find the proposed measures not to cover their needs. A shipyard repairing Russian ships can not receive payment due to halted money transfer. A wage compensation scheme or a payment guarantee would make it easier to secure employment, the CFO at the shipyard argued.



Eurofound (2022), Crisis measures for the business community in East Finnmark, measure NO-2022-14/2267 (measures in Norway), EU PolicyWatch, Dublin,


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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.