Economics

Ensuring that North Norway is a strong, vibrant region is important not only for the north, but also for the country as a whole. This is the message of the …

According to the Ministry of Economy and Infrastructure, trade relations between Moldova and the member states of the European Free Trade Association (EFTA), as well as the beginning of negotiations …

The Norwegian central bank is in no rush to introduce a digital Krone, despite conducting recent research which shows that cash is used for just four percent of transactions in …

LNG operator Equinor, Norway’s largest energy company, could close its Hammerfest facility for up to twelve months for repairs after a fire ravaged the LNG terminal. The fire struck the …

United European Car Carriers (UECC), a Norway-based provider of shortsea RoRo transportation, has joined the United Nations Global Compact, the world’s largest corporate sustainability initiative. The UN Global Compact is a …

As already announced in our forum yesterday, low-cost carrier Wizz Air will launch its first base in Scandinavia and start offering domestic flights in Norway next month, in competition with SAS and …

Freight operator Cargonet in Norway will open a weekly connection directly from Narvik (Norway) to Malmö (Sweden) on 23 October. With this first direct route the seafood can arrive up …

The government today presents the annual white paper on the management of the Government Pension Fund. The paper reports on results in the management of the Government Pension Fund Global …

Visa and Vipps, the leading digital wallet in Norway, have announced a strategic partnership to accelerate mobile payments in Europe. Visa’s clients and partners will now be able to take …

Norway’s Petroleum Safety Authority is launching an investigation into the problems with the construction of the giant FPSO for Equinor’s new Johan Castberg offshore development.  “The PSA became aware on …

Norway-born SaaS company Visma, which offers a suite of accounting, payroll, HR and other business software products to more than one million SME customers across the Nordic, Benelux and Baltic regions, …

The Ministry of Foreign Affairs is now advising against non-essential travel to the Czech Republic, France, Monaco and Switzerland. Changes are also being made to the travel advice for several …

The sustainable lithium-ion battery manufacturer wants to secure raw materials to recycle into its products and will tap one of the world’s most advanced electric vehicle markets for its end-of-life …

Logicenters is expanding its presence in Vestby, Norway, with a new land acquisition in the area totalling 27,000m². The company expects to develop a logistics facility of approximately 13,500m² at the newly acquired …

Maritime Developments (MDL) has executed transpooling of 64 kilometres of MEG coiled tubing for subsea contractors Ocean Installer and DeepOcean. The operation consisted of transpooling MEG injection lines from 28 …

On 5 May, Minister of Foreign Affairs Ine Eriksen Søreide and 41 other ministers responsible for the World Trade Organization (WTO) issued a ministerial statement on Covid-19 and the multilateral …

Norwegian wool producer Devold is implementing an unprecedented R&D project together with Factobotics, robotics company from Lithuania. An innovative Overhead robotic system will increase efficiency of sewing processes. The new …

Up to 400,000 tonnes a year of carbon dioxide could be captured and stored at what is set to become the world’s first full-scale carbon capture and storage (CCS) facility …

Norwegian Air does not expect to begin ramping up its number of flights until April 2021 at the earliest, according to a proposal published ahead of a key stakeholder meeting …

Due to the ongoing spread of the Coronavirus (COVID-19) most countries have advised against or have banned non-essential travel. The closure of borders and quarantine restrictions has effectively brought the …

Municipalities with significant border trade are being badly affected by the corona crisis. This is particularly noticeable in the run-up to Easter, when the stores along the Swedish Norwegian border are …

Norway is opening its borders for seasonal workers from EEA countries in the agricultural, horticultural and forestry sectors and the food industry. The Ministry of Justice and Public Security has …

Norway’s sovereign wealth fund, the world’s largest, has lost 1.33 trillion Norwegian crowns (US$124 billion) so far this year as stock markets have plunged due to the coronavirus pandemic, it …

The Government Pension Fund of Norway (also known as the Oil Fund), the largest sovereign wealth fund in the world, increased its investments in Egyptian shares to $530.2m last year, …

Scandic is launching Scandic GO, a new hotel brand that offers a playful, slimmer concept within the growing economy hotel segment. With Scandic GO, the company aims to establish a strong …