SAS reports a loss of 1.9 billion kroner in the third quarter of 2022
SAS reported a loss of SEK 1.9 billion in the third quarter of the year. The loss is largely due to the pilot strike, which…
Finance
Statistics Norway: Cross-border shopping back to pre-corona levels
Norwegians spent NOK 3.6 billion on cross-border shopping in the 2nd quarter of 2022. That means that cross-border shopping is back at the same level…
Analyst predicts new significant losses for SAS – and high profits for Norwegian
This summer’s pilot strike cost the SAS airline dearly. It is expected that the company will present a loss of just over NOK 1.65 billion…
Several banks in Norway increase mortgage interest rates
Norway’s largest bank DNB raised the mortgage interest rate by up to 0.5% after Norges Bank increased the key interest rate last week. Several other…
Survey: One in ten Norwegians will not be able to make mortgage payments if the interest rate reaches 4%
Around 300,000 Norwegians will have to sell their homes or other larger assets if the interest rate rises to 4%, according to a new survey…
Chief economist critical of Norges Bank’s expected interest rate hike
Chief economist Jan Ludvig Andreassen in the Eika group believes that the expected interest rate hike from Norges Bank on Thursday is unnecessary. On Thursday,…
More and more Norwegians are getting help from parents to buy a home
Rising house prices and rising interest rates have negatively affected the number of first-time home buyers in Norway, which is at a five-year low. The…
Norwegian government to increase electricity subsidy for households to 90% from September 1
The government is increasing the electricity subsidy for households from September 1. It also wants to introduce measures to prevent reservoir filling from being too…
Prices for renting a home in Oslo are at a record high
According to Husleie.no’s overview, the prices for renting a two-room apartment in Oslo are higher than ever. “I am concerned about the development both in…
Former Statoil chief Helge Lund earned 705 million kroner in 2021
Last year, former Statoil chief Helge Lund earned NOK 500 million after taxes. Lund is, among other things, chairman of the board of the British…
DNB: Cross-border shopping in Sweden is 29% lower compared to pre-pandemic levels
According to figures from DNB, fewer Norwegians go on day trips to Sweden to shop now than before the corona pandemic. The decrease from 2019…
SSB: Unemployment in Norway continues to fall
Unemployment in Norway fell to 3.2% in May, down 0.2% from February, according to seasonally adjusted figures from Statistics Norway’s (SSB) labor force survey. From…
Norway’s National Federation of House Owners wants higher electricity subsidies
The National Federation of House Owners in Norway wants the electricity subsidy to kick in from prices of 50 øre per kilowatt-hour rather than the…
Norway doubled its import of Russian salmon feed in June
Despite economic sanctions, Norwegian imports of salmon feed from Russia have almost doubled from last year. Despite the sanctions prohibiting “directly or indirectly buying, importing,…
The Norwegian government is considering setting a maximum price for electricity
The government is assessing measures such as maximum price and restrictions on the export of electricity. Electricity production in Southern Norway has not been lower…
Home prices in Sweden are falling
Home prices are plummeting all over Sweden. According to the Valuegard price index, prices have fallen by 3.8% in one month. “We are heading for…
Norwegians are shopping less after the pandemic, new data shows
During the pandemic, there was significant growth in shopping among Norwegians. Now the trend has reversed, and Norwegians are spending more money on festivals and…
Electricity prices in southwestern Norway expected to reach almost record levels on Monday
The spot price in southwestern Norway on Monday will amount to NOK 3.26 per kilowatt hour. Electricity prices in the area were higher only on…
No immediate solution to SAS strike in sight
Negotiations between SAS and four pilot associations within the SAS Pilot Group continue. The Swedish Pilot Association’s press secretary Rebecca Rosenvinge told TT that the…
On Friday, electricity was more than 50 times more expensive in Oslo than in Stockholm
Stockholm has had cheaper electricity than Oslo in the past year. On Friday, electricity was almost free for Swedish consumers. On Friday, electricity was more…