Norway reopens but pandemic not over

Eighteen months after she had to shut down Norway, Prime Minister Erna Solberg could finally give her health minister Bent Høie a hug. Solberg led the country through the Corona virus crisis and can now scrap most restrictions still in place, but not all. “Even though everyday life will be like normal for most people, […]

Norway is getting ‘back to normal’

NEWS ANALYSIS: Interest rates have started to rise, oil and gas exports have more than doubled and Norway will soon even have a Labour Party-led government again, just as most of the country’s Corona virus-related restrictions are likely to be lifted. Post-pandemic “normalization” is clearly underway. Norway’s central bank confirmed on Thursday that it’s finally, […]

Warnings against more airline aid

Norway’s competition authority is warning against more financial aid to the country’s three established airlines: SAS, Norwegian Air and Widerøe. The warning comes despite looming cutbacks at SAS and Norwegian and the risk of monopolies on some routes. The three established carriers have already received more than NOK 6 billion (around USD 700 million) in […]

Labour open to re-investing in SAS

The Norwegian government declined last year to take a new ownership stake in Scandinavian Airlines (SAS), but now a new Labour-led government is open to making a comeback. The goal, according to Labour’s spokesperson on transport issues, is to make sure the airline survives the Corona crisis. “I think the (recently defeated) government has been […]

Unemployment rate falls again

More signs have emerged that Norway’s economy has recovered quickly after the worst of the Corona pandemic. Unemployment numbers for August show the jobless rate falling even lower than the central bank’s optimistic outlook. There were 11,500 fewer people in Norway who were totally out of work last month than in July. A total of […]

Bonuses spoil the ‘New Norwegian Air’s’ take-off

NEWS ANALYSIS: Long-troubled Norwegian Air’s plans for a triumphant return to the skies landed in an embarrassing mess this week. Large bonuses secretly paid out last month to the airline’s two top executives have severely damaged their credibility and angered Norwegian’s new investors, its long-suffering employees and the politicians who helped rescue the airline that […]

More turbulence at Norwegian Air

Less than a month after emerging from bankruptcy and being cleared for a fresh take-off, the new board of long-struggling Norwegian Air decided to dump the airline’s chief executive, Jacob Schram, late Sunday night. On Monday morning Schram had already been replaced by his right-hand man, the airline’s finance director Geir Karlsen. It was the […]

Rates to rise as economy rebounds

Norwegian economists are predicting brighter days ahead and Norway’s central bank is following through with predictions of its own: Interest rates will probably rise in September and a few more times during the next year, but will continue to remain historically low. Norges Bank quickly brought rates down to zero when the Corona crisis first […]

‘State of emergency soon over’ in Oslo

Raymond Johansen, known for being a strict leader of Oslo’s city government, is finally opting to remove most of the remaining Corona restrictions in the Norwegian capital. Residents can soon toss their face masks, be served food and drinks until midnight in bars and restaurants and invite more guests home. “Now we can start to […]

MPs quarrel over vaccination priority

NEWS ANALYSIS: A government decision late last week to give priority in the vaccination queue to Members of Parliament, judges and a few hundred other public officials (including themselves) has set off heated debate. Now several MPs and Health Minister Bent Høie himself have declined the offer to get vaccinated earlier than their age group […]