Economy

Shares in Norwegian tumble as margins hit

Shares in Norwegian Air Shuttle tumbled on Thursday morning after the company announced that growing competition had driven down its yields, which reflect average fares, by 21 percent in February, compared to the year before. Shares fell 5.5 percent immediately after the news was announced, before rebounding,  hovering at just over 1 percent down by early afternoon. The company’s ...Full Article

Moderate economic growth to continue

  Statistics Norway (SSB) analysts predict that the moderate growth in economic activity in Norway and abroad experienced last year will continue for another few years. They predict that loss ...Full Article

Norway strikes mackerel quota deal with EU

The European Union has reached an agreement over controversial mackerel quotas with Norway and the Faroe Islands, prompting an angry reaction from Iceland on Thursday. The deal, agreed in ...Full Article

Anti-corruption unit grills Telenor on Uzbek deal

Telenor, Norway’s majority state-owned phone company, has been pulled into the corruption case surrounding Russian phone company Vimpelcom in Uzbekistan, with Norwegian investigators visiting its offices this week. Norway’s ...Full Article

Solberg to up oil fund’s green tech holdings

Norway’s Prime Minister Erna Solberg has said that she plans to plough more of the country’s oil money into renewable energy investments, using its vast $840bn oil fund to ...Full Article

Central Bank: Key policy rate unchanged

As expected by most analysts, the Executive Board of Norges Bank (The Central Bank) has again decided to keep the key policy rate unchanged at 1.5 per cent.   ...Full Article
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