Grieg puts Norway investments on hold, citing tax increase proposal

Bergen, Norway-headquartered salmon farming group Grieg Seafood announced on 11 October it has joined several other Norwegian salmon farmers in halting expansion plans in the wake of a proposed 40 percent resource tax on aquaculture operations. 

The company announced that a proposed expansion of a smolt plant in Lebesby, Finnmark, Norway – which the company estimated represents a NOK 1 billion (USD 93 million, EUR 96 million) investment – is being halted due to the "great uncertainty"…

Photo courtesy of Grieg Seafood