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…
Finance
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…
Telenor spent 230 million more on consultants than they normally do
Last fall Telenor spent NOK 230 million more than they normally do on advisers, consultants and lawyers . Strategy work and Vimpelcom being accused of…
Chinese companies make a bid for Opera
A Chinese investment fund has offered billions for the Norwegian company Opera Software. A unanimous board of Opera recommends that shareholders accept the offer. Investment…
Billion losses for Telenor after the budget impairment in Denmark
Telenor reported a profit after tax of minus 2.125 billion in the fourth quarter of 2015. The Company has made an impairment of 2.1 billion…
Varying traffic growth in January
The number of passengers travelling to and from Avinor’s 46 airports increased by 1.6 per cent compared with January 2016. There are substantial local variations….
Norwegian establishes a base in Rome
Norwegian will establish a base with two aircraft and 60 employees at Rome Fiumicino Airport. This will be the airline’s first base in Italy. The…
Goldman Sachs: 81 percent risk of recession in Norway
The risk of an economic recession in Norway during the year is as high as 81 percent, according to the US financial giant Goldman Sachs….
31.7 million guest nights in 2015
The number of guest nights in Norwegian accommodation establishments reached 31.7 million in 2015. This is an increase of 1.3 million or 4.4 per cent…
Statoil chooses Nexans to supply cables for the world’s first floating wind farm
Statoil has awarded Nexans the contract to supply static and dynamic cabling and associated accessories for the world’s first floating wind farm, following a…
Number of farmers halved in 20 years
The number of farmers in Hordaland is almost halved during the past 20 years. The worst-hit sectors are dairy farmers, who are 70 percent…
January 2016 a strong strart for Norwegian seafood exports
Norway exported seafood with a value of NOK 6.7 billion in January 2016. This represents an increase of more than NOK 1 billion or 18…
Over 30,000 job cuts in the oil industry
Norway has now passed 30,000 announced job cuts in the oil and gas industry, according to an overview from DNB Markets. More jobs will probably…
Passenger growth for Norwegian in January
Over 1.75 million passengers flew with Norwegian in January, 9 percent more than the same month last year. New domestic flights in Spain and flights…
DNB closes down 59 branches – 600 lose their jobs
DNB has decided to close down 59 of its branches in Norway and terminate 600 employees. The bank said that there are too few customers…
Billion Impairment in Lundin
The oil company Lundin will underwrite stock values of around 2.6 billion in the fourth quarter. Half of these are from the Brynhild field in…