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 […]

Center Party wants to reverse sugar tax hike

Taxes on sugar and sugar products were boosted by 83 percent on January 1, and by 42.3 percent on soft drinks and other alcohol-free drinks. The idea was to reduce consumption of sugar, but now some politicians worry the higher taxes will simply encourage more Norwegians to do their shopping in neighbouring Sweden. “We can […]

Pigs suffering at Norwegian farms

Agricuture Minister Jon Georg Dale has called the pork industry and its representatives in on the proverbial carpet, after terrible conditions have been revealed at pig farms in southwestern Norway. Another case of poor animal welfare was reported just last week, the latest in a string of embarrassing incidents for farmers who survive on public […]

Housing market starts year with weak prices

Housing prices slid again during the first month of the new year, sliding 2.2 percent in January on a national average. Real estate brokers’ association Eiendom Norge called it the weakest January in 10 years. Sales and prices often pick up after the Christmas holidays, but not this year. Average prices were down, fully 9.4 […]

Meat and egg producer to cut staff, costs

Nortura, Norway’s dominant farmer-owned cooperative for meat, poultry and eggs, has launched a cost-cutting program that also will cut 300 jobs over the next three years. Nortura issued a warning this week that it expects weaker results for 2017. A looming restructuring program at Nortura, which has around 5,500 employees nationwide, “will affect so many […]