Finance
100 employees lose jobs when parts of Jøtul move to Poland
Oven producer, Jøtul, moved parts of production to Poland.This will cause about 100 employees at Kråkerøy in Fredrikstad to lose their jobs. The case was discussed at a…
Finance
The oil fund, energy prices, taxes, housing and the Norwegian economy.
Finance
Unemployment figures continue to fall
The number of registered unemployed fell by 600 people from September to October according to seasonally adjusted numbers from Nav. Unemployment is now 2.2%. By the end…
Finance
Meat consumption down for first time since 2010
After several years of increase in meat consumption,it is now falling. Last year, each Norwegian ate 53.3 kilos of meat on average. There was a decline of 0.6 kilo per…
Finance
Ripped off on Spain property
Ripped off on Spain property – hope still In recent years there have been quite a lot of cases where North Europeans, mainly British, but also Norwegians, have been…
Finance
Norwegians will spend NOK 51 billion on Christmas celebrations
Norwegians plan to spend 1,118 kroner more on this year’s Christmas celebrations than last year. “Remember what will come after Christmas” says economist Silje Sandmæl.…
Finance
A new 1 billion kroner power station in Namsen
The board of NTE has decided to build a new power station for NOK 1 billion in Nedre Fiskumfoss in Namsen, which will be completed in 2023. “Our decision to build a new,…
Finance
Diesel car sales still falling
Of the 11,655 new cars registered in October, 14.2 percent had diesel engines. This is a decline of 19.9 percent in the same month last year. A total of 817 fewer new…
Finance
German and UK banks struggle in EU stress test
German and UK bank struggle in EU stress test In the EU «health check-up» of the banking system, German and UK banks came out as the dunces. Norway’s largest bank, DNB,…
Finance
Norwegian airline sells five aircraft
Norwegian is selling five Airbus 320s. The transaction is expected to increase the company’s liquidity by 62 million US dollars, well over NOK 500 million. According to…
Finance
Kvaerner wins Sverdrup jacket number four
Today, Kvaerner signs a contract with Equinor for delivery of the steel substructure for the Johan Sverdrup Phase 2 process platform. With this award Kvaerner will…
Finance
New payment solution from Google is launched in Norway
Google Pay was launched in Norway on Tuesday. People who have Android phones can now make payments on their mobiles. Norway is the 25th country in the world where Google…
Finance
Statkraft acquires hydropower in Brazil
Statkraft has signed an agreement with EDP Energias do Brasil to acquire a cluster of eight operational hydropower plants in the state of Espírito Santo in Brazil. The…
Finance
27 protesters arrested at Statkraft in Chile
27 protesters broke into Statkraft’s premises in Chile to protest against the construction of several hydropower plants in an area they consider sacred, according to VG.…
Finance
Norway falling down the list for best pension schemes
An average Norwegian employee can expect a pension of only half his salary, according to a recent Mercer report. According to the report from the Melbourne Mercer Global…
Finance
Increase in employment
There were 17 000 more employed persons from May to August, adjusted for seasonal variations. The seasonally-adjusted unemployment rate was 4.0 per cent in August.…
Finance
Aker Solutions Wins Subsea Order for Lingshui Field Development in China
Aker Solutions received a notification of award for orders valued at more than NOK 1.7 billion from the China National Offshore Oil Corporation (CNOOC) to provide the…