Solberg takes off for India

Prime Minister Erna Solberg will be taking a break from negotiations to expand her government this weekend, when she flies off on an official visit to India. The visit was planned long before the Christian Democrats finally decided to consider joining Solberg’s non-socialist government coalition. The visit is scheduled over two days, January 7 and […]

Prospects bright for Norway’s economy

Norwegian economists agree that New Year prospects are bright for the country’s economy in 2019. They predict economic growth of 2 percent, low interest rates, lots of activity in the oil and oil service sectors and even a “perfect” real estate market. “Oil investments will shoot up, and that yields positive impulses for the rest […]

Seafood industry hooks more profits

Seafood producers in Norway will be sailing into the New Year with solid balance sheets, high salaries and, in at least one case, extraordinary bonuses. One young skipper of a fishing boat in Northern Norway earns more than the prime minister. “Business has been very good, especially the last two years,” Line Ellingsen of the […]

Norwegian Air buys itself some time

Norwegian Air has succeeded in securing new financing for its aircraft purchases. It sent out an update to the market on Christmas Eve, claiming it now had the funding needed to cover all aircraft due for delivery during the first half of 2019. Newspaper Dagens Næringsliv (DN) has reported how analysts have been concerned that Norwegian […]

Stock exchange takeover hailed

A constallation of several European stock exchanges called Euronext is offering to take over the Oslo Stock Exchange for NOK 6.2 billion. While its director Bente Landsnes calls the bid “surprising,” major investors seem to support it, with 49.6 percent already agreeing to sell their stakes. Svein Støle, one of the biggest investors on the […]

Norwegian Air lands in more trouble

The run-up to the Christmas holidays seems anything but merry for Norwegian Air. On Thursday it had to deal with severe flight disruption because of the closure of London Gatwick airport, while a brand-new Boeing 737 is stranded in Iran and the company itself faces what analysts are calling “acute” financial problems. Norwegian was far […]

Oil price dives as do shares, krone

Shares traded on the Oslo Stock Exchange fell another 2.5 percent on Thursday, while the price of Norway’s North Sea crude oil remains in what many analysts were calling a “free-fall.” That, along with fears of higher interest rates in the US, has also sent Norway’ currency, the krone, to its weakest level against the […]

New NHO boss for Norway’s employers

Ole Erik Almlid is formally taking over as chief executive of Norway’s powerful national employers’ organization NHO (Næringslivets Hovedorganisation). The former journalist and editor succeeds Kristin Skogen Lund, who left NHO earlier this autumn to take over a chief executive of media company Schibsted. Almlid and Lund had the same employer themselves when Lund was […]

Climate debate will still flare in Norway

NEWS ANALYSIS: Norway nurtures an environmentally conscious image, but the country still has a long way to go in tackling its own climate challenges. Its oil and gas companies, offshore sector, farmers, airline passengers and commuters have a lot more changes to make if the country is to meet the climate goals to which it’s […]

Hurtiguten’s hybrid ships take form

After shipbuilding challenges and lengthy delays that forced cancellation of 10 cruises in the Antarctic, Norway’s coastal voyage line Hurtigruten offered a peek this week at its new hybrid cruiseships, the first of their kind in the world. If all goes well now, the MS Roald Amundsen will start sailing this spring. “With this ship […]