China’s envoy talks tough on trade war

Wang Min, China’s ambassador to Norway, was traveling around the southern portion of the country this week when he spoke warmly about trade between China and Norway but launched a tirade against the US. If US President Donald Trump wants a trade war, the envoy said, he’ll get it, “and China will fight to the […]

Tax revenue boom ‘signals optimism’

Finance Minister Siv Jensen has reason to smile after a long and difficult winter: New figures show a boom in unexpected tax revenue rolling into the state treasury, much of it tied to Norway’s economic recovery from the oil price collapse. “This is another signal of optimism and brighter times,” Jensen told Norwegian Broadcasting (NRK) […]

Norwegian Air’s shares flying high

Share trading in Norwegian Air stock really took off again on Wednesday, still flying high on the prospect of a takeover bid for the airline from the owner of British Airways. Shares were up by another 7 percent after crossing the NOK 300 mark, and boosting the entire Oslo Stock Exchange to a new high. […]

Bans imposed on helium balloons

Several local governments around Norway have decided to ban the sale of helium balloons on the upcoming Constitution Day on the 17th of May. They contend the balloons contain pollutants and too often end up as garbage in the hills, forests or the sea. “If you let go of a helium balloon, it will probably […]

New trouble lands on Norwegian’s fleet

Norwegian Air’s major owners and management are already facing turbulence over a pending takeover bid. Now they need to deal with new problems tied to the airline’s fleet of Boeing 787 Dreamliner aircraft that may cause more delays and cancellations for Norwegian Air passengers. Rolls-Royce, producer of the Dreamliner motors on more than half of […]

Norwegian’s boss will decide its fate

NEWS ANALYSIS: Bjørn Kjos, who has remained firmly in command of Norwegian Air, has suddenly found himself facing a potentially lucrative offer for the airline he founded from the owner of British Airways. As Norwegian’s shares continued to soar heading into the weekend, many think a takeover could also cure Norwegian’s chronic operating ailments and make […]

Norwegian soars on possible takeover

UPDATED: Stock in Oslo-based Norwegian Air was soaring on Thursday after news bureau Bloomberg reported on a possible purchase offer from the owner of British Airways, IAG. Shares in Norwegian Air Shuttle were up more than 22 percent by midday and flew even higher just an hour later. Bloomberg reported that IAG was evaluating an […]

Ministry delays decision on Oil Fund investing

Finance Minister Siv Jensen doesn’t want Norway’s huge sovereign Oil Fund to invest in unlisted shares, but her ministry is still evaluating whether it could invest in so-called “unlisted infrastructure” such as solar energy parks or windmills projects, bridges, airports and hydroelectric plants. The ruling Conservative Party, with which Jensen’s Progress Party shares government power, […]

More labour negotiations get underway

Trade union federations representing public sector employees launched into a new round of negotiations with state and local employers this week. Teachers, nurses and workers at state railway NSB, airports agency Avinor and postal service Posten were among those threatening to strike if their demands weren’t met. The new negotiations come just after a settlement […]

Train improvements face major delays

Just before train service between Kristiansand and Stavanger ground to a halt on Tuesday, because of communication problems, came confirmation that long-anticipated improvents in and around the Oslo area face lengthy delays. The state railroad directorate backs postponement of double-track construction despite angry reaction from commuters and local politicians. No trains were running at all […]