Economics

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 …

Norway is concerned about developments regarding the rule of law in Poland. An independent judiciary is a vital component of any well-functioning democracy and is essential for safeguarding fundamental human …

Budget carrier Norwegian Air said it still expects to return to profit this year, but it failed to reassure investors who sent its share price tumbling again on concerns the coronavirus …