Economics

Two Asian telco giants — Malaysia-based Axiata Group Bhd and Norwegian Telenor Group — are in talks to merge their operations in Asia. In terms of geographical presence, Axiata has …

SeaDream, a cruise ship to be used on luxury voyages, will be built at the Mangalia yard in Romania after Damen Shipyards Group signed a contract with Norway-based SeaDream Yacht …

Towel animals, a staple of any respectable cruise ship, will no longer be a daily occurrence for customers of Norwegian Cruise Line, as part of a new trial to protect …

Norwegian utility Statkraft and a partner could spend €1.5 billion building new electricity generators in the Republic. Statkraft, which took over Irish renewable energy business Element Power last year, began work on …

Genesta, acting on behalf of Genesta Nordic Real Estate Fund II (GNRE Fund II), has divested its holding in the Oslo office property Dronning Mauds gate 15 to Carnegie Norway, acting for Nordea Liv. GNRE Fund II purchased …

Flytoget is set to increase its capacity by 50% and this week the company has showed off its brand-new trains for the very first time. Wider seats, less noise and …

Norway’s giant sovereign wealth fund reported a 6.1% loss on its investment portfolio overall for 2018 – equivalent to €50bn. Falling equity markets in the first and fourth quarters of …

Tesla’s Elon Musk visited Norway to review service in the automaker’s third-biggest global market where delays have upset customers. Tesla doubled its Norwegian service staff last year to more than 360, seeking …

Total investments in oil and gas in Norway are set for a second annual increase in 2019, but this year will likely be the peak of oil investments on the …

Danske Bank has announced its Danish, Swedish, Norwegian and Finnish customers with an Android phone are now able to add their Mastercard to Google Pay and make contactless payments. Danske Bank …

Norway-based fleet management company Kongsberg has announced partnering with iMarine Software to integrate the its SeaProc e-procurement platform. K-Fleet, Kongsberg’s existng system, offers solutions to optimise and assist users’ working processes within planned maintenance, …

India and Norway on Tuesday agreed to closely collaborate on ocean economy and achieving the Sustainable Development Goals, while vowing to step up bilateral trade, after Prime Minister Narendra Modi …

The cargo ship Virginiaborg became the first seagoing ship to enter the limits of Port of Montreal in 2019, reaching the threshold of the port at Sorel at 3:50 a.m. Wednesday …

Norway’s sovereign wealth fund bought a retail and office property on Paris’s Champs-Elysees for 613 million euros (S$954.4 million) from Groupama S.A., the investor’s second real-estate purchase in the French …

Norway-based bank DNB and StartupLab have launched an invitation for fintech startups to join their DNB NXT Accelerator. The programme offers startups a chance to get a USD 115,000 – USD 345,000 investment. This …

CTO in Amazon, Dr. Werner Vogels, will be the headliner for Oslo Business Forum in April. “We are looking forward to hearing more about how one of the world’s largest companies …

Oslo Business Forum’s next conference, Digital Leadership, will be held at X Meeting Point at Hellerudsletta. And there is a good reason for the conference theme. “We have gathered some …

Norwegian Finance (NoFi) plans to expand outside of the Nordics and develop banking services in Europe via a licence in Ireland. The company, which is the parent of Bank Norwegian, …

Norwegian consumer goods conglomerate Orkla is offering to buy the Finnish-owned Kotipizza Group for 23 euros per share. Norway’s Orkla has made an offer to buy the Kotipizza Group, which …

Lars Røsæg will take up the position of EVP and Chief Financial Officer (CFO) with immediate effect. Petter Østbø has stepped down as CFO and will leave the company. “I …

Norway-based startup Memory that works on AI-powered time tracking and time management solutions for businesses has raised $5 million in a funding round led by Concentric and Investinor, with participation …

Oslo-based reality capture and building information modelling startup Imerso has raised $2 million in a seed funding round from Vito ONE and NewMark Capital, with participation from existing investors 500 …

Kopter has appointed Swiss Helikopter Norway as its Nordic distributor of the SH09 helicopter, the company announced on 17 October. Swiss Helikopter Norway will act as distributor in Scandinavia, Finland, …

Germany-based challenger bank N26 is bringing its services to Denmark, Norway, Poland, and Sweden.   Moreover, the launch in Liechtenstein and Iceland is planned for later this year. Initially, customers …

Norway’s Kongsberg has received a SGD21.2 million (USD15 million) contract to supply full-motion handling and firing simulators to the Police Coast Guard (PCG), the marine division of the Singapore Police …