Optimism rises among business owners

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Fewer Norwegian companies are worried they’ll go bankrupt, as they experience both rising revenues and an ability to bring employees back to work. Fully 68 percent reported that revenues were either back to or above normal levels in July, according to a new survey conducted by Norwegian employers’ organization NHO.

That compares to 61 percent reporting the same in June. Business is returning as Corona virus-related restrictions ease and Norway gets back to work despite the summer holiday season.

Just over 30 percent of NHO members reported that revenues were still below normal pre-Corona levels, but that’s down from 39 percent in June. Optimism was especially strong in Agder on Norway’s southern coast and in Trøndelag. Tourism-related businesses are still struggling, though, because of constantly changing travel restrictions and the uncertainty that creates.

The business optimism was also reflected in second-quarter earnings reports this week, with companies such as insurance firm Storebrand, defense contractor Kongsberg, real estate firm Entra and oil company Okea all reporting strong results.

newsinenglish.no staff