Shopping in Sweden sets a new record

Many Norwegians are likely to be driving over the border to Sweden again this weekend to do their grocery shopping and stock up on items that are much cheaper than at home. Cross-border trade just set another new record and there’s no sign of decline. State statistics bureau SSB (Statistics Norway) reports that Norwegians have spent […]

Norway’s food now priciest in Europe

It probably comes as no surprise to Norwegian consumers, but a new survey confirms that food price levels in Norway are on average 63 percent higher than they are in 28 European countries. Norway tops price statistics compiled by the EU’s statistics service Eurostat. Norway’s own statistics bureau SSB (Statistics Norway) also pointed out that […]

Farmers producing ‘too much meat’

Norway’s powerful farmers’ lobby often claims how farmers need their subsidies and protection from foreign competition, in order to ensure domestic food production. Now comes news they’re producing far more meat than the Norwegian market can absorb, without much if any price relief for consumers at the grocery store. Last summer, even in the midst […]

Housing prices rise in line with salaries

Year-end figures showed that housing prices in Norway rose an average of 2.8 percent in 2018, in line with average wage growth. The figures from the real estate association Eiendom Norge also showed that the total number of homes sold was higher than in the record year of 2015. Brokers think the real estate market […]

Housing prices keep sliding

Norway’s real estate brokers’ organization (Eiendom Norge) reported another price decline in the housing market on Wednesday, with figures showing prices to be down another 1.5 percent on average in November. It was even weaker than normal for the month, but widely viewed as another correction after years of price hikes. The brokers stressed that […]

Minister gets tough on grocery chains

The Norwegian government is finally cracking down on grocery retailers and wholesalers who dominate the market and thus, it’s believed, limit competition. Torbjørn Røe Isaksen, the government minister in charge of business and trade, formally presented 39 measures to Parliament on Friday aimed at making sure the dominant players comply with competition law. Isaksen’s “Report […]

Record home sales, but prices stable

Record numbers of homes were sold in Norway in June, but prices were relatively stable compared to both last year and to the month of May. Housing prices in Oslo, which has long topped price growth lists, seem to have flattened out. “We have unchanged prices when we correct them for seasonal variation,” said Christian […]

Trolltunga’s parking fees hiked

Tourists and Norwegians alike face not only a demanding hike after parking at the closest lot to Trolltunga’s trailhead this summer. They also face a steep hike in the parking fee itself. The price now seems nearly as high as Trolltunga’s unique rock formation, but local officials claim it was necessary to cover costs related […]

Oslo still expensive in world rankings

The latest survey of the world’s most expensive cities for companies sending employees abroad places Oslo in ninth place, and Stavanger in 12th. Copenhagen was the only other Scandinavian city to hit the list of the 20 most expensive cities in which to live. The survey, compiled by consulting and advisory firm ECA International, calculates […]

Border trade booms again during Easter

Customs officers were prepared this past week for another seasonal burst of Norwegians driving over the border to shop in Sweden. Border trade is stronger than ever, but there are traps for unwary Norwegian shoppers. A new survey compiled by the Norwegian business school NHH (Norges Handelshøyskole) in Bergen shows that fully 60 percent of […]