Norway loses billions due to overqualified immigrants
Norway loses billions due to the waste of overqualified immigrant labour Thousands of immigrants work in low-income jobs for which they are over-qualified. The cost…
Billions
Lightning strikes cost billions
Just under two billion kroner have been paid out in compensation for lightning strikes over the past ten years. 90,000 lightning strikes were registered…
Norwegians will spend 2 billion on border trade
Norwegians will spend NOK 2 billion on trade across the border this summer Norwegians will spend NOK 2 billion on border trade this summer, according…
Contracts bonanza worth billions
Contracts bonanza worth billions in the North Sea 50 vessels submitted tenders for contracts worth up to NOK 3.1 billion. These are the winners. …
Labour wants even more roads – until the need changes
Labour wants even more roads – until the need changes The Labour Party wants to build even more roads than the present Government, but Eirik…
NOK 10 billion on hairdressing
Almost NOK 10 billion spent on hairdressing and beauty treatments in Norway The local kind-of-activity-units that operate within hairdressing and other beauty treatment had a…
Norwegians to spend 50 billion on summer holidays
A Nordea survey has estimated that Norwegian families will spend an average of over 21,000 each on summer holidays this year, a little more than…
Trump used the whip on NATO summit
Trump used the whip on NATO summit, as expected says Prime Minister Solberg US President Donald Trump went to the frontal assault when he met…
Billions to roads and paths have created 8,000 new jobs
New billions invested in roads and pathways has increased employment by 7,846 full time jobs during the past four years. This is shown in a…
Norway could lose 225 billion on the so-called ‘Lofoten compromise’
The Norwegian oil and gas interest organization, Norsk Olje og Gass, has calculated that the Labour Party’s (Ap) Lofoten compromise could add up to NOK…
Health benefits for electric cars estimated to be NOK 47 billion
The Environmentalists in Bellona has used EU models and is estimate that the health benefits from switching to electric vehicles to be NOK 47 billion…
Tourists spent NOK 42.8 billion in Norway last year
– Travel is becoming increasingly important for value creation throughout Norway, and we must work hard to attract paying tourists. – The increased spending shows…
Warming in the Arctic region could cost billions
The Arctic Council has warned that warming in the Arctic could cause huge costs to the world economy. Global warming has caused melting to the…
Norwegian ship-owners win contract for billions in offshore wind-power
Norwegian ship-owners won ocean-wind contracts for multiple billions in 2016. An analyst believes the market will grow further in the years to come. A review…
Norwegian Railways spent NOK 2 billion on consultants
Norwegian Railways (Jernbaneverket), which now is replaced by Bane Nor, spent NOK 2 billion on consultants from 2011 to 2016. It is also revealed several…
DN: Statoil has spent four billion kroner on severance packages
Statoil has spent four billion kroner over the last three years to retire employees early, writes Dagens Næringsliv. The company has dismissed every fifth employee….
Statoil will invest up to 55 billion in Sverdrup
Statoil expects to invest 40-55 billion in the Johan Sverdrup oil field, according to the company’s ‘Plan for Phase 2’. It is a halving of…
Odfjell Company signs contract worth nearly a billion with Chinese shipyard
Odfjell has signed a letter of intent (LOI) worth nearly one billion for the construction of a further two chemical tankers for a Chinese shipyard….
Kvaerner Stord secured a multi-billion contract with Statoil
Kvaerner has been awarded the upgrade of the Njord A platform. The agreement has a value of around NOK 5 billion and will include approximately…
USA loses billions on tourism after Trump
Tourists are staying away from New York after President Donald Trump was inaugurated. The loss for the city’s tourism and trade sectors can reach to…