After 20 years of growth, pension payments decrease
The average pension payment from Nav decreased in 2015, after over 20 years of increase. The probable reason is that more people are taking out…
Finance
End for Sunday newspapers in the west
On Palm Sunday both BergensAvisen and Bergens Tidende published their last Sunday editions. This means there are only two Sunday newspapers left in Norway. Dagbladet…
Economist warns against fixed rate deals
Thursday’s rate cut is good news for most people, chief economist Reid Krohn-Pettersen at Norsk Familieøkonomi (Norwegian Family Economy) says, but he warns against fixed…
Every fifth hairdressing salon do sloppy work on their personnel lists
The Tax Administration has revealed errors and omissions in the personnel lists of every fifth salon in Norway. Some companies make minor errors, others have…
Oil production higher than expected
Just over 2 million barrels of oil, liquefied natural gas and condensate were produced on average per day on the Norwegian shelf in February. For…
Road work will create more than 4000 jobs
Several billion NOK will be used to improve the Norwegian roads in 2016. That means the employment of over 4,000 people. On Thursday Minister of…
KONGSBERG buys 49.9 % of Patria creating a leading Nordic defence partnership
Today, KONGSBERG has entered into an agreement with the Finnish state for the purchase of 49.9 % of the shares in Patria for EUR 272…
KEY POLICY RATE LOWERED BY 0.25 PERCENTAGE POINT TO 0.50 PERCENT
Norges Bank’s Executive Board decided to lower the key policy rate by 0.25 percentage point to 0.50 percent. “Growth prospects for the Norwegian economy have…
More payment defaults in the south and west
Oil downturn is also reflected in debt collection companies. In oil county Rogaland and Agder counties the payment defaults increased sharply last year. In Rogaland,…
Sharply increased subsidies for the largest farms
Over the past six years, subsidies to large farms have increased considerably more than the overall growth in subsidies to agriculture. While the overall subsidies…
The Nordea bank believes we will get zero interest rate by the end of the year
Nordea Markets believe that Norges Bank at some point this year will reduce the key rate to 0 percent in order to prevent the krone…
Eight out of ten Norwegians made purchases online last year
Online shopping in the Nordic region increased by 15 percent from 2014 to 2015. Norwegians are the most eager customers and spend an average of…
The food industry has invested billions in new facilities
The biggest players in the Norwegian food industry have in recent years invested 15 billion NOK in new facilities and technology. In the period 2011-2015,…
The Minister of Fisheries wants us to eat more sea food
Sea urchins and seaweed. The Minister of Fisheries Per Sandberg wants people to eat everything the sea has to offer. He challenges the private sector…
Sharp decline in housing construction
The number of new homes fell by 42 percent in February compared with the same month last year. The first two months of this year…
Increased sales of gasoline and diesel
Sales of gasoline amounted to 86 million litres in February this year, an increase of 5 million litres compared to February last year. Sales of…
Health expenditure approximated 300 billion last year
Last year, 311 billion NOK was spent on health care in Norway. Half of the money spent on health care goes to medical treatment and…
1500 may lose their jobs in Aker Solutions in 2016
A total of 1,500 people are in danger of losing their jobs in Aker Solutions this year. Now 600 people in the subsea division in…
Many Norwegian companies in Gothenburg
Of all the companies that established themselves in Gothenburg in 2014, Norwegian companies stand out. In the year before the last there were 461 Norwegian…
People from Rogaland County are struggling with the mortgage loan
Over 9,000 locals have applied for a stop to the repayments on housing loan. Layoffs and redundancies means that the private economy is now starting…
