Lowest GDP growth since the financial crisis in 2009
The gross domestic product (GDP) for mainland Norway was 1 percent in 2015, the lowest growth since the financial crisis in 2009. The new figures…
Finance
Good result for banks in 2015
Norwegian banks’ pre-tax profit amounted to NOK 48.8 billion in 2015. This is about the same result as in 2014, when the pre-tax profit was…
Rigging Company lays off 230 more employees
Transocean – the world’s largest rig company – will cut at least 230 positions because of a shortage of orders. In one year, the company’s…
New President of Kongsberg Maritime
Egil Haugsdal follows Geir Håøy as President of Kongsberg Maritime. Haugsdal holds extensive leadership experience from KONGSBERG, and currently heads Kongsberg Oil & Gas Technologies….
Around 350 affected by new cuts in Bilfinger
The oil service company Bilfinger Industries gave notice on Monday that about 350 positions may be cut in a new round of downsizing. The cuts…
Steel cut for Johan Sverdrup
On Monday 15 February 2016 Haugesund mayor Arne-Christian Mohn started the machine cutting the steel for the Johan Sverdrup drilling platform. This marks the start…
Highest building activity in Akershus
In 2015, building start permits were given for 31 300 dwellings. This is 15 per cent more than in 2014. The counties of Akershus and Sør-Trøndelag…
Oil giants lost 5.000 billion in 2015
Several multinational giant companies are operating on the Norwegian shelf, but all of them are affected by the decrease in oil prices. The six biggest…
Experts believe that downturn caused by oil crisis will come to an end
Both Nav and Statististisk sentralbyrå(Norwegian Bureau of Statistics) are now eyeing the end of the economic downturn caused by the oil crisis. But it will…
Gasoline sales remain stable
Sales of gasoline amounted to 86 million litres in January this year, the same as in January last year. Sales of diesel increased by 16…
Norwegian taxis take up the fight against Uber with Vips-payment
Taxi Companies across the country are competing against Uber with new apps. Among other things, 3,000 taxis will get support for web payments from the…
Norwegian pelagic exports increase in January
Norway exported pelagic fish worth some NOK 621 million in January. This represents an increase of 24 per cent from January 2015. Herring exports amounted…
Tremendous growth in sales of fruit and vegetables
The sales of fruit and vegetables increased by 1.5 billion last year. In particular, this applies to the sale of bananas, tomatoes, strawberries and avocados. Figures…
EU: – We will need as much gas in 2030 as we do today
EU will need about as much gas in 2030 as today, notifies the European Commission Vice-President. Tord Lien is overjoyed. Tuesday next week, the EU…
Burdened Aker Solutions repeats cut plans
The industrial group Aker Solutions earned less and had losses of 278 million NOK before taxes in the fourth quarter of 2015. 900 employees will probably…
May need a billion to resume work at a Svalbard mine
Store Norske mining company may need as much as a billion in order to to commence with the work in Lunckefjell mine on Svalbard ,…
Both job cuts and bonuses in BP
Despite British BP cutting nearly 400 jobs in Norway, the company will provides 80,000 kroner in bonuses to their employees. That BP will cut as…
Fall in kindergarten fees
Fees in public kindergartens in Norway fell by 0.5 per cent in total from January 2015 to January 2016. The fall is mostly due to…
Fuel and a weak krone brought losses for Norwegian
Norwegian had a pretax loss of around NOK 700 million in the last quarter. The stated reason for this is a weak krone and expenses…
Aker Solutions Takes More Steps to Boost MMO Competitiveness
Aker Solutions today notified employees of additional tough but necessary measures to raise competitiveness and win more work for its Norwegian maintenance, modifications and operations…