Minibanks out of order
May 7, 2012 ·
Around half of Norway’s so-called “minibanks” (automated teller machines, ATMs) were knocked out of order all over the country on Sunday. Most were due to be up and running again on Monday.
Officials...
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Norway cool to bailing out SAS
May 4, 2012 ·
Norway’s government minister in charge of business and trade doesn’t seem inclined to infuse Scandinavian Airlines (SAS) with more capital, after the airline reported more heavy losses this...
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Another head rolls at Orkla
May 4, 2012 ·
Top management turmoil at one of Norway’s largest companies, Orkla, continued this week with the abrupt departure of a 31-year-veteran who’s been in charge of forming some of Orkla’s...
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Speculation flies around Telenor CEO
May 4, 2012 ·
UPDATED: Another top leader at Norwegian telecoms firm Telenor is quitting and the future of Jon Fredrik Baksaas as Telenor’s chief executive seemed far from secure after a week of more drama around...
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Trade minister fires Telenor chairman
May 2, 2012 ·
Trond Giske, Norway’s government minister for business and trade, has fired the chairman of Norwegian telecoms firm Telenor, in which the state has a majority stake. Harald Norvik, a former chief...
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New whaling season underway
May 2, 2012 ·
Norway’s annual whaling season began this week with 20 boats registered to take part. The whale hunters have a quota of 1,286 whales they can harpoon this year.
The quota is around the same as last...
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Executive changes at two big Norwegian companies
May 2, 2012 ·
New chief executives for two of Norway’s most high-profile companies are needed, after the top boss at coastal cruise- and shipping line Hurtigruten resigned and the man in charge at industrial firm...
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Telenor writes off Indian investment
April 30, 2012 ·
Norwegian telecoms firm Telenor announced on Monday that it was writing off the rest of its huge investment in mobile telephone operations in India. It’s the latest development in a major conflict...
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Lukewarm greeting for climate report
April 26, 2012 ·
NEWS ANALYSIS: After months, even years of delays, Norwegians have now been handed the most comprehensive climate report ever compiled by their government on how they’ll be asked to cut carbon emissions....
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Former broker sentenced for massive tax evasion
April 25, 2012 ·
One of Norway’s most high-profile stock brokers of the past decade, Bjørn Arne Fredrik Sellæg, has been sentenced to five-and-a-half years in prison after what the court called the largest personal...
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REC closes remaining plants in Norway
April 25, 2012 ·
Solar energy company Renewable Energy Corp (REC) has decided to shut down its two remaining plants at Herøya in Telemark County, throwing another 500 employees out of work. The plants produced components...
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Statoil station takeover stunned rivals
April 24, 2012 ·
Last week’s surprise announcement that Statoil had accepted a bid from a major Canadian retail firm to take over its majority-owned chain of gasoline stations left rivals in the dust. They don’t...
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Strike threat looms at Norwegian Air
April 24, 2012 ·
There’s been a lot of legal maneuvering this week, but Norwegian Air remains threatened by its first strike ever after failing to resolve a conflict with the airline’s 570 pilots. The pilots...
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Postal service to pay big fine
April 20, 2012 ·
Norway’s postal service (Posten) lost its appeal of a hefty fine imposed by the European Free Trade Association (EFTA) for hindering competition through its “post in the store” concept....
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SV gets support for oil sands opposition
April 19, 2012 ·
Norway’s Socialist Left party (SV) seems to finally have attracted enough support from its government coalition partner, Labour, to forcefully oppose state-controlled oil company Statoil’s...
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