Construction firm says up 50,000 employees
50,000 employees has been terminated in the Saudi Binladin Group, one of The largest entrepreneurial companies and which was founded by Osama bin Laden’s father….
Finance
Two Telenor managers are resigning
Telenor has signed a resignation agreement with CFO Richard Olav Aa and judicial manager Pål Wien Espen due to the Vimpelcom case. The resignation agreement…
Households hold back
Household consumption of goods fell by 0.3 per cent in March 2016, according to seasonally-adjusted figures. Much of the decrease was caused by a drop…
Statkraft with record high production
Statkraft had a total production of 19.4 terawatt hours in the first quarter. It is a new record. We continue to see increased production from…
More forest roads constructed
In total, 105 kilometres of new all-year roads and summer roads were finished and approved in 2015. This is 35 kilometres more than in the…
DNB will be freed from American Panama-check
Several major Nordic banks must disclose information about their dealings with the law firm Mossack Fonseca in Panama Papers case, but Norwegian DNB will be…
Nearly 6,000 workers in hotel strike from Saturday
Saturday the strike in the Hotel- and resturant business becomes even tougher when 2,500 more workers from Fellesforbundet puts on their yellow strike vests. The…
Industrial leaders take a gloomy view of the future
Leaders of companies in the industry are expecting a decline in new orders and even lower employment. This is according to the trend survey for manufacturing…
Increase in unemployment among men
The unemployment rate among men increased from 4.5 per cent in the 1st quarter of 2015 to 5.7 per cent in the 1st quarter of…
Large oil reserves in the Barents Sea, according to experts
The experts believe that half of the future Norwegian oil and gas reserves are located in the Barents Sea. The production in 2025 will be…
We shopped less in March
Retail sales declined by 0.7 percent from February to March this year There was also a decrease of 0.5 percent from January to February, according to…
Unemployment at 4.6 per cent
Adjusted for seasonal variations, there were 130 000 unemployed persons in February 2016, which is on a par with November 2015. The Labour Force Survey (LFS)…
Mostly young people who don’t check their tax returns
Saturday is the deadline for submitting your tax return. Amongst those not checking it is a large proportion of young people. The older people are,…
70 employees lose their jobs in Teekay
Production ship Petrojarl Varg goes off contract in August when the Varg field will be shut down. It means that 70 employees lose their jobs. Workforce…
Revenues for Aker Solutions falls
The downturn in the oil industry causes a fall in revenue of 2 billion in the first quarter for Aker Solution when compared with the…
Nav has lost 676 million in wrongful payments
Since 2013, Nav has lost 676 million kroner in wrongful payments that were too late to reclaim, says the newspaper Dagens Næringsliv. Large sums…
New free trade agreement with the Republic of the Philippines
Norway has signed an FTA with the Philippines. – The agreement will provide Norwegian companies with better access to Asian markets, said the minister of industry,…
Job Injuries and illness costs 30 billion annually
Death, disease and damage at Norwegian workplaces cost society 30 billion kroner annually. According to a report from SINTEF, much of this could have been…
Significantly weaker result for Statoil
Significantly lower oil and gas prices is the main reason why Statoil’s first quarter result is 70 percent lower this year than it was last…
Sandberg wants simplified EU access for Norwegian seafood
Terribly complicated, Fisheries Minister Per Sandberg says about the access to Norway’s main seafood market EU. Norway sold seafood for over 50 billion kroner to the…