Business

Norway is an oil-producing nation with a long history in the hydro-electric power business. Now, however, the country where electricity has always been plentiful and relatively cheap is bracing for higher rates and shortages that the government is trying...

Norway's central bank kept its key policy rate at 4.5 percent on Thursday, but warned that it will either remain at that relatively high level or even rise. That's because the bank's committee on monetary policy thinks inflation is...

Norway's defense industry has been expanding so rapidly and become so important that some of its executives may become targets themselves. The chief executive of weapons producer Kongsberg Group is among those who now have a bodyguard. Not even prime...

Norwegian police, the Coast Guard and inspectors from the state fisheries directorate have raided several fishing boat receiving stations along the coast. They suspect organized crime in what's being billed as the country's biggest fishing industry investigation ever. Norway's national...

Every day, either the Color Fantasy or the Color Magic sails in and out of Oslo, arriving from or sailing to Kiel in Germany. Now the shipowner behind Color Line's cruise-ferries and other vessels has decided to sell the...

Reaction was swift and furious after a state commission handed over its proposals on Thursday for changes in the ethical framework and management of Norway's huge sovereign wealth fund, known as the Oil Fund. The commission proposed investing in...

After nearly a month of disruption on various train lines in Southern Norway, striking locomotive engineers were ordered into compulsory mediation this week. On Friday they'll likely have to settle their differences with state-owned train operator Vy. The strike began...

Norway's state statistics bureau SSB reported on Friday that the country's consumer price index rose to 3.4 percent from September of last year to September this year. SSB blamed most of the rise on higher fuel prices. They've since dipped,...

Only 12 percent of businesses and organizations that have suffered digital attacks actually report them as data crime, according to a new survey conducted for Norway's business security council NSR (Næringslivets sikkerhetsråd). Now the police are making it easier...

A need for "a somewhat tighter monetary policy stance" prompted Norway's central bank to boost its key policy rate by another quarter-point on Thursday. It's the second rise in recent months, and brings the country's policy rate up to...

Oslo-based Telenor's former operations in Myanmar came back to haunt the large telecoms firm once again on Tuesday, when it was raided by Norwegian police and formally charged with possible crimes against humanity. What had been a promising expansion...

Former NATO chief Jens Stoltenberg has decided to stay on as Norway's finance minister, and won't be taking over as head of the Munich Security Conference after all. He came home to Norway early last year to support his...

After two weeks of national mourning over the death of King Harald V, Norwegian politicians ended a controversial political truce and have resumed quarreling over the country's high fuel taxes. The taxes are adding to affordability issues even in...

Several Norwegian companies want their employees to spend more time with colleagues and show up at work, while others remain flexible and still allow their employees to work from home on a regular basis. Home office fans think rigid...

The latest monthly release of Norwegian housing sales numbers nationwide showed an overall price rise of 2.1 percent from July to August, but only half that in the nation's capital. Oslo's real estate market remains sluggish: There are lots...