Hydro now denies polluting in Brazil

Large Norwegian aluminum company Norsk Hydro lashed back at its critics on Monday with two new reports claiming that it was not responsible for polluting water supplies near its Alunorte plant in Brazil. Hydro’s stock soared on the claims, up 6.62 percent at the close of trading in Oslo, but Brazilian authorities rejected them later […]

Complaints fly around Norwegian

Norway’s low-fare airline Norwegian Air has attracted more than four times the number of complaints from passengers as its arch rival Scandinavian Airlines (SAS). Those filed with the state commission handling transport complaints soared last year, and continue to outpace complaints against SAS so far this year. “We clearly have room for improvement here,” admitted […]

Settlement averts massive strike

There was a collective sigh of relief in Norway on Sunday, after the country’s employers’ organization NHO and two of its largest trade union federations finally came to terms, 15 hours after a strike deadline had passed. The strike would have called 35,000 workers off the job and crippled everything from bus and ferry transport […]

Price hike delays Norske Skog sale

A rise in the price of newsprint seems to have delayed the anxiously awaited sale of Norwegian forest products company Norske Skog. Newsprint is one of the company’s major products, and higher prices for it may be affecting the firm’s valuation. Newspaper Dagens Næringsliv (DN) reported on Friday that newsprint prices have risen as much […]

Solberg blasts Trump’s trade war

Norwegian Prime Minister Erna Solberg hurled unusual criticism on Friday at the country she normally calls “our biggest ally,” the US, while speaking before 700 members of the Conservative Party she leads. She’s not at all happy with the trade war US President Donald Trump has launched against China and a growing list of other […]

Tesla recall can hit 11,000 Norwegians

Norway has long been one of the biggest markets for Tesla luxury electric cars, meaning that as many as 11,000 Norwegians are now finding their vehicles subject to recall. At the same time, electric car sales continue to boom in Norway, and even outpaced sales last month of conventional vehicles that use gasoline or diesel. […]

‘No hiding’ from Trump’s trade war

Norwegian analysts and industrial players are among those claiming that US President Donald Trump’s trade war with China can have grave consequences for Norway’s economy as well. The country’s national industrial organization Norsk Industri warns that it also poses a major test of Norway’s own trade agreement with the European Union (EU). “This is no […]

Tax forms grab attention

More than a million taxpayers in Norway had already eagerly checked their tax forms within hours of their release by tax authorities early Wednesday. The vast majority are due to receive refunds, often because they’d intentionally boosted withdrawals as part of a savings program. April is “tax time” in Norway but filling out tax forms […]

Hydro’s trouble deepens in Brazil

Large industrial firm Norsk Hydro hadn’t yet received the legal documents, but faces having to defend itself in a civil lawsuit over its alleged pollution of local water supplies around the large Alunorte aluminum refinery it owns and operates in northern Brazil. Local prosecutors are demanding the equivalent of nearly NOK 600 million (USD 77 […]

Giant Statoil deals help secure jobs

Norway’s three largest offshore companies won contracts worth nearly NOK 12 billion from state oil company Statoil on Thursday that can create as many as 3,000 jobs over the next three years. The contracts are all tied to work on the next phase of development of Statoil’s huge Johan Sverdrup oil field in the North […]