Finance
The government is struggling to maintain Norwegian bank guarantees
A high level of domestic bank guarantees secures Norwegian customers a refund of up to two million if the bank collapses. The Government are working to preserve the…
Finance
The oil fund, energy prices, taxes, housing and the Norwegian economy.
Finance
Doubling of the property tax in Oslo for 2017
Homeowners in Oslo paid a total of NOK 266 million in property taxes for 2016. This year this will be increased to a total of NOK 530 million, according to the newspaper…
Finance
Autonomous Cars – Norway in high level EU group
– European cooperation is important both to retrieve experiences and information from other countries. Norway participates in the establishment of a new high level-group…
Finance
Airport needs 7.5 million by Wednesday
Rygge Airport must raise NOK 7.5 million kroner by Wednesday in order to reopen the airport near Moss, according to its CEO. The CEO of Rygge Airport, Knut Johannessen,…
Finance
Police will dismiss corruption charges against the company, Statoil-top
Prosecutors must now decide whether to shelve the case against Statoil-top, which was charged with gross corruption last December. ‘It is true that we have submitted the…
Finance
New oil discovery at the Barents Sea
Barely two weeks after the last discovery, there was again found a new oil and gas deposits at the Barents Sea. There was Lundin Norway who made discoveries in two wells…
Finance
The Government wants to curb Telenor’s dominance
When the Government henceforth hand out licenses in the mobile market, they want to curb the amount of frequencies each company can hedge. Telenor has more than half of…
Finance
The European Union (EU) gives support to a Norwegian-Scottish power cable
The EU has contributed more than 10 million euros in funding for the 650 km power cable, ‘NorthConnect’, which will run between Norway and Scotland. The power cable will…
Finance
Oslo City Council wants yet another tax
The Oslo City Council wants to introduce a new tax on heavy vehicles effective this year , and is looking at increased taxing of passenger cars as well, according to…
Finance
German meat mislabeled as Norwegian
8,000 packages of First Price ground meat was labeled as Norwegian meat, but was actually German. The supplier says it is regrettable but, do not plan to withdraw the…
Finance
China-beating US as Germany’s largest trading partner
For the first time, China is the main trading partner for Germany. France is still number two, while the US falls from first to third place. The rating is based on…
Finance
Vinmonopolet (Wine Monopoly) online sales soar
The ‘Vinmonopolet’ is increasingly selling alcohol online. Restrictions imposed by Norwegian alcohol law make it difficult for competitors to sell online. Last year,…
Finance
Increased economic inequality in Norway
Since 2006, the economic inequality in Norway increased by 14 percent, according to figures from the Technical Reporting Committee (TRC). The TRC’s Assessment Report,…
Finance
Half of sales of Norwegian businesses are going abroad
When Norwegian companies are sold, foreign interests buy around half of them. Foreign-owned companies account for one-third of sales in Norway. Sweden, Denmark, the…
Finance
Billions wasted in India
Telenor gives up in India after losing billions – will not get paid for 44 million customers India’s largest mobile operator acquires Telenor India. India’s largest…
Finance
Unemployment rate fell to 4.4% in December
In December, there were 122,000 people registered unemployed in Norway, according to seasonally adjusted figures from Statistics Norway. That figure accounted for 4.4%…