Winter tourism breaks all records

There’s hardly any room at the inns this month, at least in Norway’s northern city of Tromsø. January used to be a very quiet month for Norwegian hotels, but an avalanche of winter tourists has left Tromsø with occupancy rates as high as 95 percent, and business is booming father south as well. “It’s tremendous,” […]

Oil and krone fuel thousands of jobs

Norway has suddenly found itself enjoying the economic effects of stronger oil prices and its weaker currency, the krone (crown). Just three years after the Norwegian economy went into crisis mode, when oil prices collapsed, a recent economic paradox is now expected to create thousands of new jobs in 2018 despite another fall in the […]

India claims more tax from Telenor

Norwegian telecoms firm Telenor, which ran into severe problems doing business in India, now faces a new tax claim from Indian authorities amounting to NOK 775 million (nearly USD 100 million). Telenor disputes the demand. Newspaper Dagens Næringsliv (DN) and TDN Finans reported Wednesday that the extra tax claim is being issued in connection with […]

Anti-wolf activists target Stormberg

Norwegian sportswear producer Stormberg has become the latest target of farmers, hunters, landowners and others who want to all but rid Norway of wolves. They’ve resorted to burning Stormberg clothing after the company started financially supporting wildlife organization WWF, to help protect endangered species. Stormberg’s initial donation of NOK 400,000 a year to WWF is […]

Three wolves shot as big hunt resumes

Determined hunters shot a third wolf on Tuesday as Norway’s biggest wolf hunt in 45 years resumed after a forced break between Christmas and New Year’s Day. Farmers who feel threatened by wolves, meanwhile, howled during the holidays over seasonal milk cartons depicting a wolf that they felt glorified the predator they fear the most. […]

Year ended with upbeat statistics

The Christmas and New Year holidays are supposed to be a time for thoughtful assessments of the year that’s passed and the one that’s about to begin. New statistics show that Norwegians have more reasons to wave their flag and cheer their good fortune as they head into 2018. Despite all the news about political […]

Airline plans to ground flights

Profits and stable operations never took off for the small airline FlyViking that hoped to mostly serve Northern Norway. Now its executives plan to ground nearly all its flights shortly after New Year, after also suffering major technical problems. The airline, launched just last spring, announced on Friday that its last scheduled service would be […]

Norwegians back their deal with EU

Norwegians still don’t want to join the European Union (EU), but there’s little if any desire among them to scrap the trade deal they have that gives Norway full access to the EU’s inner market. Any hopes for a “Norwegian Brexit” seem dashed, according to the results of a new survey released this week. Only […]

Housing prices still scare analysts

Housing prices were down another 1.1 percent in November and it hasn’t taken so long to sell a home since the finance crisis in 2008. International credit analysts and economists, however, still think Norwegian housing prices are too high and that a so-called “market correction” will hurt the economy. It now takes an average of […]

Rossignol buys Dale of Norway

UPDATED: Dale of Norway has been knitting and selling Norwegian sweaters in Vestlandet since 1879. Now it’s being sold to French sporting goods maker Rossignol and acquistion fund Altor, after a major turnaround that revived the small company less than a decade ago. The seller is Hilde Midthjell, who made her first fortune in the cosmetics […]