Finance
Norwegians’ debt is still rising
There has been a significant tightening in banks ‘lending practices’ as a result or mortgage regulations, but Norwegians’ debt continues to increase. “This gives cause…
Finance
The oil fund, energy prices, taxes, housing and the Norwegian economy.
Finance
Recycle deposits on beverage containers will be higher
The Ministry of Climate and Environment has decided to raise the recycle deposit rates to 2 kroner for small beverage bottles and cans and 3 kroner for large bottles.…
Finance
The OECD advises Norway to retain the welfare state
For several years, the Organisation for Economic Co-operation and Development (OECD) has advised Norway to slim down the public sector, and cut taxes. Now they warn…
Finance
Facebook and Google can dominate ‘adwords’ in Norway
Experts predict that a quarter of sales in the Norwegian advertising and media market in 2018 will go to Facebook and Google. According to the Department of Advertising…
Finance
Møgster and Mohn injects 400 million into DOF
Møgster and Mohn join forces to inject NOK 400 million into DOF The money they will use to increase ownership in DOF Subsea. But if the plans are to succeed, the…
Finance
Statoil to build the world’s largest wind farm at sea
Statoil chief Eldar Sætre wants to build up on wind power as a new future on energy. Now, the company wants build the world’s largest wind farm at sea with 300 wind…
Finance
Trader’s smash all known records on Black Friday
Elkjøp broke every record in the book in online trading on Black Friday. This year’s Black Friday was also one of the days with the highest bank card usage ever. Early…
Finance
EFTA has upgraded the FTA with Turkey
Norway and EFTA (European Free Trade Association) agreed to modernize the Free Trade Agreement with Turkey. Minister of Industry, Monica Mæland (H) is pleased with the…
Finance
Higher electricity prices for households
Higher electricity prices for Norwegian households The average price of electricity for households, excluding taxes and grid rent, was 33.3 øre for one kWh in the third…
Finance
The power grid in Norway doesn’t allow drivers to recharge electric cars at same time
According to a new report, the Norwegian power grid doesn’t allow drivers to get home from work, and power their electric cars simultaneously. The state enterprise,…
Finance
Norske Skog heads towards bankruptcy
Stock plummets for Norske Skog – The company heading for bankruptcy On Thursday, Norske Skog ASA (Norwegian Forrest Industry Incorporated) stock market value fell by…
Finance
Lower growth for construction industry next year
Growth in the construction industry is expected to be 6.8% this year, but it will be far lower over the course of the next two years. According to the Byggenæringens…
Finance
Unemployment at 4.0 per cent
Adjusted for seasonal variations, there were 110 000 unemployed persons in September. This corresponded to 4.0 per cent of the labour force, down 0.3 percentage points…
Finance
DNB robot grants loans in two minutes flat
For the first time, DNB has granted loans without a human adviser having considered the application. Automated case processing will save the bank billions. The new…
Finance
DNB Bank to cut costs by up to 2 billion annually
DNB wants higher profits over the next few years. This means cost cutting and streamlining of between 1.5 and 2 billion kroner annually by 2020. DNB management presented…