Business

Vast majority don’t report digital attacks

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...

Interest rates rise again

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...

Authorities raid Telenor offices

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...

Stoltenberg will be sticking around

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...

Political tensions rise with oil prices

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...

Debate rises over the home office

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...

Housing prices rise, but not in Oslo

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...

Politicians put politics on hold after king’s death, and let fuel prices rise

Norway's national mourning period following the death of King Harald V last week has stymied political debate, not least over another sudden rise in fuel prices. Attempts were made to extend months of fuel tax relief, but it ended...

Krone strengthens again

Currency traders pushed Norway's krone on Tuesday up to its strongest level against the euro since early summer. The krone also strengthened against the US dollar, likely fueled by higher oil prices. One euro cost NOK 10.87 Tuesday afternoon, making...

Strike grounds flights in Norway

Norway's gateway airport, Oslo Gardermoen, was shut down Sunday morning after Norwegian air traffic controllers launched a strike just before the weekend. All flights were cancelled for at least five hours and only a limited number of departures and...

Norway gathers business leaders to challenge Trump’s new tariff

UPDATED: Norwegian Foreign Minister Espen Barth Eide was quick to challenge a new 12.5 percent tariff imposed last week by US President Donald Trump on much of what the US imports from Norway. Eide claimed that Trump's reasoning behind...

Banking ‘analysis’ gets warm welcome

Commentators and consumers alike are glad the Norwegian Competition Authority has launched an "analysis" of competition among Norwegian banks that can lead to a full-scale investigation. It's especially timely, given all the concern over interest rates on both home...

No interest rate hike yet

Norway's central bank followed other countries' this week in keeping their key interest rates unchanged even as inflation rises. Raising rates could have stemmed price hikes, but also could have further weakened Norway's currency, the krone. "Inflation is too high,...

British train operator Go-Ahead is going out of Norway for good

The British train company that took over operations in southwestern Norway is giving up on running the three train lines Sørlandsbanen, Arendalsbanen and Jærbanen. All of them run between Oslo, Kristiansand and Stavanger, and it's been a bumpy ride...

Bellona saved from bankruptcy

Norway's international environmental organization Bellona has avoided bankruptcy, after an emergency call for donations was met and even exceeded. Bellona founder and leader Frederic Hauge expressed both "gratitude and humility" on behalf of Bellona's board of directors. Employees had already...

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