Customers battle DNB in court

Norway’s biggest bank, DNB, has landed in more trouble with angry customers. Not only did DNB have to start defending itself Monday against the largest class-action lawsuit ever filed in Norway, it’s also losing customers who found out the bank hasn’t completely severed ties to the controversial Dakota Access Pipeline project in the US after […]

Climate activists hail oil divestments

NEWS ANALYSIS: After years of trying to steer the Norwegian government away from more investment in its oil industry, because of the damage it can cause to the climate and environment, activists on both fronts are glad that at least their politicians will listen when money talks. Climate advocates are delighted that Norway’s central bank […]

Krone’s latest dive ‘unique, strange’

Norway’s currency, the krone, has been caught in another puzzling downward spiral this week that’s left analysts groping for explanations. Despite more positive economic indicators, the Norwegian krone fell to one of the lowest levels ever against the euro on Wednesday and remained weak on Thursday. After trading at an already relatively weak level of […]

New haircut chain challenges salons

In a country where a haircut can routinely cost as much as going to the dentist, Norwegians are flocking to a new chain that offers only quick haircuts for a fixed, relatively low price. The arrival of Cutters has left established salons tearing their own hair out over the new competition that they claim violates professional […]

Norway exports record amounts of gas

Never before has Norway exported so much gas as it did during the last 12 months ending in October. Norway’s Statoil also emerged as one of the largest exporters of gas to the EU. Newspaper Aftenposten reported that demand for gas increased in Europe by 20 billion standard cubic meters from October 2016 to October […]

Troubled ‘Goliat’ knocked out again

Norway’s Labour Minister Anniken Hauglie has vowed that the chronically troubled Goliat platform in the Barents Sea won’t be allowed to restart operations until all its problems are corrected. It’s been shut down once again by the state petroleum agency, at a time when safety concerns on offshore oil installations are rising. “There is no […]

SSB boss resigns after bureau battles

The embattled boss of Norway’s state statistics bureau SSB, Christine Meyer, has called it quits after being called on the carpet this week by  Finance Minister Siv Jensen. Meyer reportedly felt she lacked support from the ministry over a proposed reorganization at SSB that’s set off a storm of protests. SSB’s several hundred employees have […]

Cleared executive claims compensation

Jo Lunder, the former CEO of VimpelCom who was cleared of charges tied to the massive corruption scandal at the company, is now demanding more than NOK 30 million in compensation from the state. Lunder feels the state should reimburse him for lost salary and bonus during the two-year investigation against him. Lunder also claims […]

Chinese get to build new bridge

Norway’s state highway department, Statens vegvesen, has decided that a Chinese construction that submitted the lowest bid to build a bridge in Trøndelag will get the job. Local politicians initially had balked, preferring to award the contract to one of two European firms despite their higher prices. The Sichuan Road and Bridge Group (SRBG) was […]

Long lines frustrated airport passengers

With only two officers on duty, lines built up quickly on Saturday morning at the passport control station at Oslo’s main airport at Gardermoen for those leaving Norway and Europe’s Schengen region. Some passengers became so frustrated by the unexpected waiting that tempers flared, while many feared missing their flights. It’s not the first time […]