Oslo Scandinavia's best for business

The Oslo region has been named as the best business environment in Scandinavia after an analysis of 500,000 regional companies. Six of the ten best business areas are Norwegian, with the capital topping the list, the daily Dagsavisen reports. Vidar Nilsen of the international accounting and consultancy firm Deloitte & Touche carried out the study. Nilsen said that solid infrastructure and easy access to an able and highly educated work force makes Oslo top of the class. Deloitte & Touche also claim the study indicates that Norway has more companies in growth in relation to its population than neighbors Sweden and Denmark. Norway has 94 growth companies per 100,000 inhabitants, compared to 81 in Sweden and 39 in Denmark. The figures are based on the year 2000 financial statements for 517,090 Scandinavian firms. Chief Economist Tor Steig of the NHO (Confederation of Norwegian Business and Industry) does not believe Norwegian firms are as good as the survey suggests. The Institute for Management Development in Lausanne places Norway behind Nordic neighbors Finland, Denmark and Sweden on a scale of competitive climate.