Wage talks break down already

It only took a day, from Wednesday to Thursday, before national employers’ organization NHO and Norway’s largest trade union federation LO declared they were “too far apart” to hope for any wage agreement. Now they’ll head into mediation after the Easter holidays, but strikes loom. The breakdown came as no surprise. “We knew when we […]

Annual wage talks off to a rough start

NEWS ANALYSIS: Fury, frustration and sorrow preceded the ceremonial start of annual wage talks on Wednesday between Norway’s largest trade union federation LO and national employers organization NHO. Prospects for strikes this spring are high, even in the midst of the pandemic, after NHO’s leader demanded that workers accept an actual decline in purchasing power even […]

Government halts firm’s sale to Russia

After weeks of controversy, the Norwegian government has changed its mind and will, after all, halt the sale of Bergen Engines to TMH International of Russia. The government now apparently agrees that national security interests are at stake, since Bergen Engines has supplied and still services some of the motors on several Norwegian defense vessels […]

Norwegian Air’s founder flies again

Bjørn Kjos seems to have picked himself up, dusted himself off and found a way to take off again, even as the airline he founded remains under bankruptcy court administration. The former Norwegian Air boss may now even profit on the remnants of his former airline’s low-fare intercontinental service, which left Norwegian Air deeply troubled […]

Central bank confirms rising rates

Norway’s central bank left the country’s key policy rate unchanged on Thursday at 0.0 percent, despite higher underlying inflation than expected and much higher housing prices. Rates will “most likely” be raised, however, later this year and “somewhat faster” than earlier thought. Norges Bank‘s committee in charge of monetary policy and financial stability voted unanimously […]

Solberg budgets for better times ahead

Prime Minister Erna Solberg found a way around her own government’s rules against meetings this week, to start hashing out a state budget proposal for 2022. She and her ministers face enormous budget uncertainty, over the state of a post-Corona economy and whether she’ll still be in office to carry it out, but her government […]

War hero and royal spouse dies at 98

Erling Lorentzen came from a wealthy family, fought in the Norwegian Resistance during World War II, launched a shipping and industrial career in Brazil and married King Harald’s older sister, Princess Ragnhild. His family informed the Royal Palace this week that Lorentzen died at his home in Oslo on Tuesday, after a long and adventurous […]

‘Exit’ chauvinists set new TV record

UPDATED: They’re back for a second season: Four of the most egotistical, money-hungry, power-grabbing and glaringly cocky men that Norwegian Broadcasting (NRK) could dream up for its hit TV series called Exit. Now they’ve also managed to draw NRK’s biggest streaming audience ever, with 1.16 million Norwegians watching just the first episode when it became […]

Digital Women’s Day is ‘still necessary’

Traditional events to mark International Women’s Day in Norway had to go digital this year, but organizers claimed they were still important and necessary. Norwegian women have arguably advanced farther than most, but continue to be over-represented in sectors with the most low-paying part-time jobs. “We want to use the 8th of March to show […]

Interest rate hikes expected soon

UPDATED: Soaring residential real estate prices have sparked expectations that Norway’s record-low interest rates will rise at least once if not twice later this year. The housing market is hotter than ever, and experts view interest rate hikes as the only means of cooling it down and easing an affordability crisis. “We expect ongoing growth […]