Money withdrawn from the oil fund for the first time
For the first time money has been withdrawn from the oil fund. The first withdrawal took place in January and was at 6.7 billion, according…
Finance
Taxi industry rolls on
In 2015, the number of trips and kilometres driven with passengers was stable. During the same period, revenue increased 1.3 per cent to NOK 8.9…
Jensen: Tighter budget in order to provide more jobs
The economic outlook is bleaker than last autumn, and the low price of oil may delay the increase, warns Finance Siv Jensen (FRP). She forecasts…
Huge international interest in Iran, but Norwegian companies hesitate
The newly opened Iran is experiencing great interest from foreign investors. – Norwegians are lagging behind, says CEO Hans Christian Brodtkorb of the Norwegian subsidiary…
The Tax Director open to no cash for businesses
Tax Director Hans Christian Holte believes businesses in Norway should be required to accept electronic money. He also is open to allowing businesses should to…
One million Airbnb-lodgings in Norway last year
Around 200,000 Airbnb users booked a place to stay for their stay in Norway last year. Innovation Norway estimates that they together accounted for one…
Norwegian seafood exports grow by 29 per cent in February
Norway exported seafood worth NOK 6.8 billion in February. This is an increase of NOK 1.5 billion or 29 per cent compared with February last…
New rules will provide more jobs for Norwegian seamen
The government introduces a subsidy for employment of seamen and other ship personnel and allows NIS registered construction vessels to take on assignments in…
Northern Lights disrupt oil exploration in the Barents Sea
Several companies that drill for oil in the Barents Sea, have observed that the instruments are disturbed – without knowing the cause of the disruption….
New Irish oil licenses to Statoil
Statoil Ireland has been awarded six licensing options in the country. The six license options covers an area of about 7,700 square kilometers in the…
The discount chains are getting an increasingly larger market share
There were fewer grocery stores in Norway last year, but the turnover increased. An increasing number of people ara making their purchases in discount stores….
Fredriksen sells Marine Harvest shares for 4.4 billion
John Fredriksen-owned investment company Geveran Trading has sold a third of its shareholding in salmon farming company Marine Harvest for 4.4 billion. The news of…
Almost 100,000 will be unemployed this year
More than 95,000 Norwegians will be unemployed by the end of the year, the latest estimates from the Nav reveal. Nav’s updated forecasts were published…
Fall in foreign liabilities
Liabilities held abroad by Norwegian non-financial enterprises totalled NOK 1 406 billion at the end of 2015. This was a 5.7 per cent fall from the…
Norwegian teenager on the list of world’s richest
The Norwegian teenager Alexandra Andresen (19) is the youngest dollar billionaire in the world, according to Forbes. Bill Gates is once more at the top of…
John Fredriksen wants to sell part of Marine Harvest
John Fredriksen wants to sell 8.4 percent of the fish farming company Marine Harvest. With the current exchange rate, this represents a value of almost…
New airline planning routes to the north from Trondheim
The new airline FlyViking, which has said it will compete with Widerøe, announced that it will be starting flights between Trondheim, Bodø and Tromsø. There…
Mass death of salmons at fish farm
In 26 minutes 126,225 salmon died during a delousing at a fish farm at Frøya in Sør-Trøndelag. Special Inspector and veterinary Aud Skrudland FSA told the…
Delayed ships may be expensive for the Navy
The largest ships ever of the Navy is being built in South Korea, but there has been delayes in the production and the Military is…
Shore Excursions started on Johan Sverdrup
Early Tuesday statoil started drilling on the first of a total of 35 production wells on the Johan Sverdrup field. The wells will constitute the…