Finance
Seafood exports exceeded 91 billion in 2016
The export value of Norwegian fish and seafood increased by 23% last year, to 91.6 billion kroner, according to figures from the Norwegian Seafood Council. The value of…
Finance
The oil fund, energy prices, taxes, housing and the Norwegian economy.
Finance
Optimism in Statoil at the beginning of a crucial exploration year
Statoil plans to drill 30 wells this year. This is seven more than last year, and the company believes six of the wells could potentially be world class discoveries. –…
Finance
Norwegians spend less of their salary on gasoline
Although gasoline prices are at their highest level ever, Norwegians spend less of their salary on buying a liter of petrol now than they did during the ’90s. According…
Finance
Housing prices continue to rise
Housing prices rose 1.1 percent in December, adjusted for seasonal variations. Prices are now 12.8 percent higher than a year ago. This was revealed by director…
Finance
Food chains are in a fierce price war
Kiwi’s fruit and vegetables sale has got Rema 1000 to respond with the discount program “Æ”. The price war began when Coop responded with an even bigger price cut.…
Finance
Economic growth in the eurozone in 2016
December was a strong month for business activity in the euro zone, and the year ended with growth in the EU countries. Purchasing Manager’s index rose to 54.4 points in…
Finance
Youth drop TV in favour of streaming
The time teenagers spent in front of traditional TV screens was halved in the eight years between 2008 to 2016. The trend was accelerated by the NRK series ‘Shame’ last…
Finance
Newspaper claims that Indian companies will buy Telenor in India
The Indian mobile operator Bharti Airtel is considering buying Telenor’s India business for $ 350 million, according to the Indian newspaper Economic Times . With…
Finance
More new cars in 2016 and a decline in electric vehicle (EV) sales
154,603 new vehicles were registered during 2016, 2.6 percent more than the year before. Meanwhile, EV sales fell by 6%. During last year, 24,245 new, zero-emission…
Finance
Stores sold a record amount of Christmas food
Food shops set sales records for Christmas food in 2016, but the price war was not as costly as in 2015. All food chains are reporting record food sales for the…
Finance
New Norwegian price record for petrol
After the new tax rules came into effect on New Years Day, the petrol price reached its highest level ever. Indicative rates at Circle K (previously Statoil) as of…
Finance
Motorists have to pay more road-toll from now on
Norwegian toll companies’ debts more than quintupled since 2002. This means that motorists in this country have to pay more money said the Institute of Transport…
Finance
Industry believe record high salmon price
The price of salmon is set to rise by 10 percent during the first half of the year. This is a record level and outrageous prices, says Salmon Director. The average price…
Finance
Downsizing of Statoil completed
Statoil has completed its plans for downsizing. Since 2012, there has been a reduction of 5,000 employees. The aim of the preliminary final downsizing process was to…
Finance
DNB chief warns of unhealthy growth in consumer loans
DNB bank chief executive, Rune Bjerke, said growth in consumer loans has been too high in recent years, and he calls for stricter rules. DNB has 30% of the market for…
Finance
Norwegian Minister asks those without state benefits to ‘get a grip’
Norwegian Minister, Monica Mæland, encouraged long-term unemployed to ‘get out and take action’, as many enter the new year without state benefits. ‘It’s their…
Finance
23 million text messages sent on New Year’s Eve
New Year’s Eve 23 million text messages were sent through Telenor’s and Telia’s mobile network in Norway. Telenor registered 16 million text messages for the period from…
Finance
The big cities spend millions on fireworks
The country’s five largest cities are spending a little over two million kroner combined on New Year’s Eve fireworks. Expenditure per capita is however only a few Kroner…
Finance
Half of Norwegian old age pensioners have debts
53% of Norwegian pensioners have loans, and a third of them have debts of over half a million. The debt has increased by 134% in the past decade. Many pensioners hadn’t…