Finance
Continued growth in construction
The turnover in the construction industry was NOK 77.4 billion in the 3rd period of 2016. This corresponds to a growth of 6.7 per cent compared to the same period in…
Finance
The oil fund, energy prices, taxes, housing and the Norwegian economy.
Finance
Card fraud of 115 million in the first half
It was revealed that card fraud was the highest amount ever for this year’s first six months. The increase is particularly large in online shopping. Overall, the card…
Finance
Agreement on Norwegian-Russian quota agreement for 2017
Norway and Russia have agreed on a new quota agreement for 2017. The agreement was signed in Moss on Thursday, marking the 40th anniversary of the Joint…
Finance
Skilled resources to manage heavy equipment for construction is difficult to find
Professionals to work with heavy equipment is the manpower that is difficult to obtain in this country, per Norwegian employers. – Norway has a high demand for skilled…
Finance
Several convicts affected by NAV errors
At least four convictions for insurance fraud are based on an incorrect amount from Nav and the defendants may have been punished too harshly. Dagens Næringsliv wrote…
Finance
Powerful price jump of electrical power
The recent cold and dry weather has led to fears that the reservoirs will not be replenished. Thus, the price of electricity has increased by over 40 percent. As of…
Finance
Nav: unemployment has been reached
Nav now believe that we have reached the top in the number of unemployed, and believe the turning point has come earlier than expected. NAV believe there will be 82,000…
Finance
Retail sales for NOK 225 billion
The turnover in retail sales was more than NOK 225 in the first half of 2016; an increase of NOK 7 billion, or 3.3 per cent from the same period in 2015. By comparison,…
Finance
Rating Agency: – battery electric vehicles threatens oil industry
Battery electric vehicles pose a serious threat to the world oil industry, says rating agency Fitch. In a new report written by the agency, the possibility for electric…
Finance
Increased income inequality in Norway
Income inequality among Norwegians have grown in recent years based on a new SSB report. In addition, the proportion of people with low incomes has been increased.…
Finance
50 employees lose their jobs in Stjørdal
50 employees will lose their jobs in Stjordal when Glen Dimplex Nordic moves their operations to Northern Ireland. The preliminary date for production stoppage has been…
Finance
Statoil believes in rationalization without layoffs
Despite an extensive reorganization of operations of its Norwegian platforms, Statoil think that they will manage to avoid both severance package and firing employees.…
Finance
Modest trade surplus
The trade surplus came to just NOK 3.2 billion in September. Exports of goods totalled NOK 57.5 billion, while imports amounted to NOK 54.3 billion. The low trade…
Finance
Half a million searches in the tax lists in just over three days
After tax lists were posted on Thursday night there has been 509,498 searches. More than 90,000 people checked who have applied for them. 149,772 unique logins on the…
Finance
Analysis: The electric car a steadily cheaper climate measure
The expected technological development will make electric cars into an increasingly affordable climate measure, according to a new analysis from the Environment…
Finance
Aker Solutions: Wins Contract
Aker Solutions won a contract from Statoil to build the pipeline facilities, modifications and tie-ins needed at the Mongstad terminal to receive oil from the North Sea…
Finance
The airline Norwegian bans usage of Samsung phone on its flights
While Civil Aviation Authority waiting for the decision that can prohibit usage of Note 7 on all flights in and out of Norway, Norwegian decided to tighten usage of this…
Finance
Increased road construction costs
The road construction costs increased by 1.1 per cent from the second quarter of 2016 to the third quarter of 2016. Material costs rose by 2.3 per cent in the same…