Finance
Oil decline continues – the industry looks toward the north
The fall in oil investment will continue in the coming years, according to the economic report by the Norwegian Oil Industry Association. The industry is casting a long…
Finance
The oil fund, energy prices, taxes, housing and the Norwegian economy.
Finance
Notification of increased privatization in the military
Chief of Defence Haakon Bruun-Hanssen informs that he will allow private acquisition of a number of defence services in order to reach the government’s requirement to…
Finance
Highest rents in Oslo
The rental market survey 2016 shows that tenants living in Oslo pay the most for rented dwellings. Contrary to previous surveys, rents in Stavanger show a lower level…
Finance
Fewer and fewer ATMs
Norwegians take out less and less cash from ATMs and when making a purchase of goods, and the number of ATMs are declining. This past year, DNB has gone from having 270…
Finance
DNB’s online banking was down
DNB apologize to customers after there were problems logging into online banking during the weekend. Sunday night DNB’s online banking was inoperative for the second…
Finance
27 rigs on Norwegian continental shelf without contract in 2017
Up to 11,400 jobs are at risk after three out of four rigs on the Norwegian shelf being without contract after summer 2017. Stavanger Aftenblad newspaper reported that…
Finance
The world’s longest train tunnel opened in Switzerland
The first train ran Sunday through the world’s longest train tunnel, the 57.1 km long Gotthard tunnel runs under the Swiss Alps. The train drove from Zurich to Lugano,…
Finance
Norwegians’ Christmas spending is the highest in Scandinavia
This year, Norwegians plan to spend around 9,5 million celebrating Christmas. That is an average of 3.5 million more than our neighbouring countries, shows a recent…
Finance
Higher electricity prices
Price index of first-hand domestic sales (PIF) went up by 0.7 per cent from October to November. The prices of electricity were the main contributor to the rise, and…
Finance
Oil-producing countries promise production cuts
A dozen oil-producing countries have agreed to cut its oil production by 612,000 barrels per day. The aim is to support the OPEC cuts and to increase the oil prices,…
Finance
Increased sales of alcohol
The registered turnover of pure alcohol per capita for the first nine months of 2016 was 4.4 litres, compared to 4.3 litres for the same period in 2015. The increase in…
Finance
Government spending exceeds 50 percent of GDP
For the first time in 20 years, the total general government expenditure in the past year accounted for over 50 percent of Norway’s GDP. According to the latest figures…
Finance
We used cards for 51 billion in November
Based on the use of cards in this country, there is much to suggest that the Christmas shopping season is well underway. In November we used credit cards more than 150…
Finance
NRK license increases by 30 NOK
Only the Progress Party opposed about the request for increase NRK (Norwegian Broadcasting Corporation) license fee in Parliament on Thursday while other parties agreed…
Finance
Norwegians eat less meat than neighboring Scandinavian countries
A recent report shows that Norwegians eat more meat than we did before, but both the Danes and Swedes eat even more than us. The report, called ‘Meat’ (Kjøttets), from…
Finance
Norway has a variety of products half that of Sweden
Despite the assortment of products in Norwegian food stores improving, Swedish stores stock nearly twice as many varied items as our shops at home. A new report from the…
Finance
Nordea: Norwegian economy on the mend
It is better for the Norwegian economy: The bottom is reached, oil prices will continue to rise and the exchange rate may be even stronger. But unemployment will remain…