Arctic oil prevails over ‘The People’

Norway’s Supreme Court (Høyesterett) ruled in favour of the state on Tuesday in a long-running landmark case billed as pitting “The People vs Arctic Oil.” In this case, the state was not “The People” but instead the government-approved Arctic oil operations that once again won over Norwegians’ alleged constitutional rights to a healthy environment. It marked […]

State challenges powerful grocers

Debate has swirled for years over why grocery store prices are so much higher in Norway than most anywhere else. After lots of studies and investigations, the Norwegian Competition Authority mounted an offensive strike this week against the country’s three major grocery store chains, but with massive fines for allegedly illegal pricing cooperation that surprised and […]

Interest rates remain at 0%

Norway’s central bank decided on Thursday to keep its key policy rate at its record low of 0.0 percent, but noted that interest rates may rise sooner than previously predicted after vaccination programs get underway. The country’s currency, meanwhile, was ending the week much stronger than when it began. Norges Bank Governor Øystein Olsen thinks […]

Norwegian Air’s owners approve crisis plan

Shareholders in Norwegian Air voted in favour of management’s plans to raise another NOK 4 billion in the form of new shares, even though it will greatly dilute their own holdings. Management’s crisis plan, which involves a major restructuring of the airline aimed at ensuring its survival, was also approved. Norwegian’s CEO Jacob Schram called […]

Norwegian likely to end long-haul routes

Norwegian Air, currently operating minimal service under bankruptcy protection, looks set to drop the popular but unprofitable low-fare intercontinental routes that it launched less than a decade ago. The airline will likely concentrate instead on routes within Norway and Europe, if its bankruptcy reorganization succeeds. Norwegian’s intercontinental expansion began in 2013 with flights from Oslo […]

Biden welcome, not his Arctic oil ban

The vast majority of Norway’s top and mostly liberal politicians welcomed the news this week that Joe Biden finally has been officially elected as the next US president. Most, however, are not at all keen on his proposal to stop oil drilling in the Arctic. Biden has said he intends to make climate issues a […]

Hurtigruten under cyber attack

Norway’s troubled coastal voyage and cruise line Hurtigruten was battling a cyber attack that made its websites unusable and affected company email as well. The attack caps a terrible year for the line that experienced outbreaks of the Corona virus on board at least two of its vessels earlier this year, and allegedly tried to […]

Work begins on new metro line

Construction crews began work Friday on the long-awaited rail line that will connect Oslo’s popular metro service (T-bane) with Fornebu, site of Oslo’s old airport west of the city. The airport shut down in October 1998 and the area has since been redeveloped as a sprawling community of homes, offices, shopping centers and parks. The […]

Høie blasted over imported infection

Health Minister Bent Høie has played a heroic role during Norway’s battle against the Corona virus, but now he and the government are accused of caving into lobbyists to allow more foreign workers into Norway in June. That defied the recommendations of state health professionals, who warned that the risk of imported infection was high. […]

Corona outdates latest tax lists

NEWS ANALYSIS: Norwegian tax authorities released results from last year’s tax returns on Tuesday, but never before have they been as instantly outdated and even misleading. The Corona crisis has likely reduced many of the fortunes listed for tax year 2019, and the tax-adjusted figures often fail to reveal actual income and market-value net worth anyway. […]