Equinor ready to further develop floating offshore wind in Scotland
Equinor has confirmed it has bid for floating offshore wind in ScotWind, the competitive tender offshore wind seabed leasing round being undertaken by Crown Estate…
Finance
SAS gets 3 billion kroner credit line from Denmark and Sweden
The Danish and Swedish governments are making SEK 3 billion available to the airline in order to help it recover after the corona crisis. “We…
Equinor’s Guañizuil IIA solar plant in Argentina is now in commercial operation
On Friday, Equinor and Scatec announced that the 117 MW solar power plant in Argentina is now in commercial operation. The Guañizuil IIA plant is…
Norway and the Faroe Islands reach agreement on mackerel fishing for 2021
Norway and the Faroe Islands have agreed on mutual opportunities to fish for mackerel in each other’s zones in 2021. Faroese vessels will be able…
Today, the value of Norway’s Oil Fund surpassed 12,000 billion kroner
On Tuesday afternoon, Norway’s Oil Fund surpassed a market value of NOK 12,000 billion for the first time. The Oil Fund’s value has increased by…
Norfund is investing almost 900 million kroner in an Indian solar energy company
Norfund is investing USD 100 million, equivalent to just under NOK 875 million, in the Indian solar energy company Fourth Partner Energy. “This is an…
The entry ban has cost the NAV 200 million kroner
About NOK 200 million has been paid to cover the expenses of 4,300 employees who have not been able to cross the border into Norway…
Consumer Council: Many Norwegians pay too much for mobile subscription
One in two Norwegians says it has been at least two years since they switched mobile subscriptions. The Consumer Council believes that customers are too…
EEA and Norway Grants: Additional allocation of 64 million kroner for Polish civil society
Norway is increasing support to NGOs in Poland. The aim is to promote democratic values and gender equality and safeguard the rights of vulnerable groups….
Norway registered significant growth in goods exports in June
Total exports of goods ended at NOK 97.9 billion in June, as much as 70.7% more than in June last year, according to figures from…
Entra buys Hotel Savoy in Oslo for 185 million kroner
The real estate company Entra is buying Hotel Savoy for NOK 185 million from the Stordalen company Strawberry. The acquisition is part of the company’s…
PHOTO: Norwegian Trade Minister signs free trade agreement with the United Kingdom
The free trade agreement with the United Kingdom has finally been signed. It enters into force as soon as the British parliament has done its…
Prices of second-hand homes in Norway rose by 2.7% from the first to the second quarter of 2021
According to Statistics Norway (SSB), prices of second-hand homes rose by 2.7% from the first to the second quarter of 2021. Oslo had the lowest…
Norwegians steer clear of expensive consumer loans during reopening of country
The reopening of Norway is in full swing, and so far, Norwegians have steered away from expensive consumer loans. Norwegians’ consumer debt continues to fall….
Petter Stordalen buys Farmandstredet shopping center in Tønsberg
The Farmandstredet shopping center in Tønsberg is changing owners – Petter Stordalen-owned shopping center company Aurora Eiendom bought it from Steen & Strøm. The purchase…
(Mis)performance bonus: Secret millions in bonuses to Norwegian executives spark condemnation
Little more than a year after securing government support, when it was on the brink of bankruptcy, Norwegian Air Shuttle is in potential trouble after…
Housing prices in Norway fell by 0.2% in June
Housing prices in Norway fell by 0.2% in June. In the last year, prices have increased by 10.1% in total. Adjusted for seasonal variations, the…
Professor asks for new commission to examine Norway’s state spending during the pandemic
Professor Magne Mogstad believes a new commission should investigate the state’s spending during the pandemic. Business owners must also bear the risk if things go…
NAV: There was a sharp decline in the number of job seekers in Norway in June
At the end of June, 163,300 fully and partially unemployed workers and job seekers were registered at the Norwegian Labor and Welfare Administration (NAV). That…
Norwegian households have 3,877 billion kroner in debt
The twelve-month growth in debt of Norwegian households amounted to 5.1% up to the end of May – up from 5.0% the month before. At…
