Finance
Oil production picked up in January
Daily production of oil in January was 2.019,000 barrels of oil, NGL and condensate, showed preliminary production figures from the Norwegian Petroleum Directorate (OD)…
Finance
The oil fund, energy prices, taxes, housing and the Norwegian economy.
Finance
GUILTY! € 207M Penalty for Scandinavian WWL
Norwegian-Swedish WWL (Wallenius Wilhelmsen Logistics) has been slapped a € 207M fine and is among 5 deep water shipping companies convicted of cartel activities by the…
Finance
Peppes steps up the pizza war – opens 50 outlets
The Pizza chain ‘Peppes’ is planning to open 50 new outlets to meet the tough competition from the Domino’s and Pizza Baker chains. The new outlets for Peppes Pizza come…
Finance
Oil production on Goliat was almost halved last year
Failures, deficiencies, repairs and stop orders from the Petroleum Safety Authority of Norway resulted in oil production at the Goliat field being reduced by 44 percent…
Finance
Seven out of ten foreign drivers get illegally low wages
Seven out of ten foreign drivers who have been checked in Norway over the last two years are receiving illegally low wages. This shows fresh numbers from the Labour…
Finance
Financial Fraud unit (Økokrim) raided a brokerage house – several people arrested
Økokrim has conducted a search of the Nordic Securities brokerage house and has charged some people with financial fraud. The first Deputy Attorney Trude Stanghelle says…
Finance
Norwegians have greater belief in the fishing industry than oil
Several Norwegians believe more in fish than oil as the main industry of the future. “Then we have not done our job,” said Oljenæringa (the oil Industry). In a survey…
Finance
NHO and Nav will be involved in integration
The leaders at NHO and Nav consider it urgent to help refugees into work. They are asking Norwegian companies for integration. 27,000 refugees will participate in the…
Finance
Uber will make comeback in Norway
The Ministry of Transport and Communications is working on changes to the regulatory framework for the taxi market. This means that the Uber transport service can make a…
Finance
More younger, and fewer elderly disabled people
The number of disabled people increased to 325,900 in 2017, shows the annual report from Nav. In total, 9.6% of the working- age population are on disability benefit.…
Finance
STATKRAFT gains NOK $4B 4th Quarter Profits
WIND-FARM SALE BRINGS BILLIONS of KRONER With a $4bn increase over 2017 capital figures, Statkraft announced that sale of offshore wind farms dramatically increased 4th…
Finance
Bank chief warns against less trade
There has been turmoil caused by President Donald Trump’s policy leading to less world trade. It will hit many people hard, warned Norway’s central bank chief. Øystein…
Finance
Billion kroner loss for Norwegian Airlines
Norwegian reported a before tax loss of NOK 1.4 billion in the fourth quarter of 2017, against a surplus of NOK 299 million in the same quarter of 2016. According to…
Finance
Unemployment drops among immigrants
Unemployment continues to fall among immigrants in Norway. 5.6% of immigrants were completely unemployed in the fourth quarter last year, a decline of 0.9% from 2016.…
Finance
Rogaland paid the most taxes last year
No county contributed more tax credits last year than Rogaland. The oil area accounted for almost one-fifth of 476 tax credits from the counties. When personal tax,…