‘Polet’ re-opens but under threat

Norway could mark its first long Easter holiday this weekend when its state monopoly of wine and liquor stores, Vinmonopolet, didn’t stay closed all five days, from Thursday through Monday. The stores were to re-open on Saturday, known as påskeaften, because of a liberalization in the law, but that may not be enough to ward off what Health Minister Bent […]

Pharmacy prices set off protests

Norwegians have long had to deal with food and beverage prices that are as much as double those in neighbouring Sweden. Now the spotlight has turned to pharmacy prices that can be triple those for exactly the same products south and east of the border. It’s part of Easter week traditions in many Norwegian families […]

‘God påske’ weekend to all our readers

Norway’s annual “Easter Exodus” is underway, with new figures showing that nearly half the country’s entire population planned to take time off for a spring vacation combined with the Easter holidays. Many Norwegians still head for the mountains for traditional spring skiing holidays, while increasing numbers travel within the country or go abroad. Norway officially observes more […]

Norway finally welcomed in China

UPDATED: Prime Minister Erna Solberg landed in Beijing on Friday and launched what some were calling her government’s ambitious four-day “fishing trip” to China. Backed by fellow ministers and a delegation of more than 200 Norwegian business leaders, they all hope to hook lots of new trade deals and even discuss human rights issues, just not right now. […]

Free trade deal tops Norway’s agenda

Norway’s Trade Minister Monica Mæland arrived in Beijing a day ahead of her government colleagues, eager to start negotiating a new free trade agreement between Norway and China. That’s her top priority as the two countries resume relations after a six-year diplomatic freeze. “We agreed to start free trade negotiations within five months,”  Mæland of […]

Fredriksen scrambles to save Seadrill

Norwegian shipowner and industrial tycoon John Fredriksen, long listed as one of the wealthiest men in the world, says he’s working 18 hours a day to save his large offshore rig company Seadrill from bankruptcy. The 72-year-old Fredriksen has faced crises before, and is prepared to “work day and night” for the next several weeks […]

Green light for new Fornebu metro line

After years of talk and little action, Norway’s conservative state government formally gave a green light and proposed nearly NOK 15 billion in state funding on Wednesday to build a new T-bane (metro) line from Oslo west to Fornebu, plus a new tunnel under the city to handle more metro capacity. Local governments involved will put up […]

Government acts to curb consumer debt

Norway’s conservative government coalition, alarmed by the growth of consumer debt in the country, followed through this week on plans to curb it. Three ministries acted together to present stricter regulations, establishment of a debt register and monthly billings that clearly show a customers’ total debt. Finance Minister Siv Jensen is especially cracking down on what she […]

Hot housing market starts to cool down

Real estate brokers in Norway say they’re seeing clear signs that the country’s overheated housing market of the past few years is finally starting to cool down. Buyers are more cautious and price growth, especially in Oslo, flattened out in March. Norway’s national real estate organization Eiendom Norge released new housing price statistics on Wednesday that showed […]

New owners aim to reopen airport

A group of former airport directors behind the investment firm Jotunfjell Partners has struck a deal to buy and reopen the Rygge Airport south of Moss. The airport was shut down last year after Ryanair pulled out in response to a new controversial airline seat tax in Norway. Jotunfjell Partners has bought all the shares in Rygge […]