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Business news from Norway
Norway growth forecast cut amid Europe turmoil
Norway on Tuesday lowered its growth forecast for this year to levels that will still see it outpace its European neighbours, but which could weaken the current government ahead of September's election. READ () »
DNB bank refunds savers for bad deals
Norway's biggest bank DNB said Wednesday it would compensate hundreds or even thousands of savers after the Supreme Court ruled it misinformed its customers about some of its products. READ () »
Statoil sells Mozambique stake to Japan's Inpex
Norwegian oil group Statoil said on Tuesday it had sold a 25 percent stake in an exploration licence off the coast of Mozambique to Japanese group Inpex. READ () »
Statoil announces large gas find in Tanzania
Norwegian oil group Statoil on Monday announced a large natural gas find with US partner ExxonMobil off Tanzania's coast, the third major discovery in a year by the two companies in the country. READ () »
Norway hikes oil and gas reserves estimate
Norway last week increased estimates of undiscovered oil and gas in its waters by 15 percent, much of it in the Barents Sea. READ () »
Booming Telenor picks up investment pace
Norwegian telecom operator Telenor on Wednesday posted a 32-percent rise in 2012 profits and said it would increase its investment pace this year, primarily in the lucrative data traffic sector. READ () »
Norway posts growth of 3.5% in 2012
Norway's economy grew by 3.5 percent last year despite a notable slowdown in the fourth quarter, Statistics Norway (SSB) said on Wednesday. READ () »
Statoil plans $10-billion Norwegian Sea project
Norwegian oil and gas group Statoil and its partners presented plans on Tuesday to develop a Norwegian Sea gas field and build a pipeline at a cost of 57 billion kroner ($10 billion). READ () »
Last-chance SAS wage talks near goal
Seven of eight unions have reached agreements with troubled Scandinavian airline SAS to cut salaries and pensions and raise working hours in a bid to turn the company's dire financial situation around, SAS said on Monday. READ () »
Hundreds rescued from listing Norway oil rig
Norway's state-owned energy giant Statoil on Wednesday evacuated around 330 non-essential staff from a North Sea platform off the coast of Norway after it began listing. READ () »
Norway tops global prosperity ranking
Norway remains the most prosperous country in the world, edging its Scandinavian neighbours atop an annual list of countries ranked according to wealth and well-being. READ () »
Jobless in Swedish town paid to move to Norway
A town in eastern Sweden has launched a creative approach to battling youth unemployment in the area by paying jobless young people to move to Norway. READ () »
Telenor reports third-quarter profit leap
Norwegian telecom operator Telenor reported on Wednesday a 41-percent leap in third-quarter net profit to 3.65 billion kroner ($638 million), higher than analysts had expected. READ () »
Telenor settles row with former Indian partner
Norwegian telecom group Telenor said on Thursday that it has settled a dispute with former Indian joint venture partner Unitech, after their jointly owned company's licences were cancelled by a court. READ () »
Starbucks sets sights on Norway expansion
US coffee shop chain Starbucks aims to become the market leader in Scandinavia within three years after joining forces with Norwegian businessman Jens Ulltveit-Moe. READ () »
Parents in Norway jailed for incest
A Norwegian court Thursday sentenced a couple to 17 years in prison for violence, rape and incestuous relations with their three sons, calling it the country's worst sexual abuse case. READ () »
Breivik fails in bid to create fascist group
Norwegian mass killer Anders Behring Breivik has been refused permission to found a fascist association, authorities said on Friday, due to missing paperwork and a lack of support. READ () »
Statoil to develop six billion barrel field
Statoil and ExxonMobil have agreed to spend $4 billion to develop a six billion barrel oil field in the Gulf of Mexico, the two companies said. READ () »
Norwegian base jumper dies in Swiss cliff crash
Police have launched an investigation into the death of a 48-year-old Norwegian who died while base jumping this week in the Lauterbrunnen area of the Bernese Oberland in Switzerland. READ () »
NATO has 'no intention' to up presence in Arctic
NATO has no plans to increase its presence in the Arctic, Secretary General Anders Fogh Rasmussen said on Wednesday despite numerous countries' keen interest in the region's vast natural resources. READ () »
Scientists sound alarm over Arctic Ocean acidity
Scientists at a conference in Bergen expressed alarm on Monday over the rapid acidification of the Arctic Ocean caused by carbon dioxide emissions, which could have dire consequences on the region's fragile ecosystem. READ () »
Norway battles with EU at WTO over seal ban
The European Union locked horns on Monday with Norway and Canada at the World Trade Organisation over its hotly contested ban on the import and sale of seal products. READ () »
Britain celebrates Norwegian war hero
Britain honoured Norwegian war hero and resistance fighter Joachim Roenneberg on Thursday, presenting him with the Union Jack flag for his daring feats which helped prevent Nazi Germany from obtaining the atomic bomb. READ () »
Norwegian air mulls Irish registries to cut costs
Budget airline Norwegian Air Shuttle said on Thursday that it is considering registering future long-haul aircraft in Ireland to circumvent Norwegian laws which bar the carrier from hiring cheaper Asian cabin crews. READ () »
Norway's Statoil in major North Sea oil find
Norwegian oil group Statoil announced Friday the discovery of significant new oil resources in its Gullfaks licence in the Norwegian waters of the North Sea. READ () »
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Democracy, Human Rights and the Rule of Law in Europe: Strengthening the Impact of the Council of Europe’s Activities (Thu, 16 May)
- We meet at a very important moment. As we here from the Secretary General the founding principles of this organisation, democracy, human rights and the rule of law are again under pressure in Europa. We have to take that very seriously, said Minister of Foreign Affairs, Espen Barth Eide, in his statement at the Council of Europe's meeting.
The Niwano Peace Prize to Gunnar Stålsett (Thu, 16 May)
Ambassador Arne Walther gave this message on behalf of Minister of Foreign Affairs, Mr. Espen Barth Eide, at the award ceremony.
National statement by Norway’s Minister of Foreign Affairs Espen Barth Eide (Wed, 15 May)
"The great interest that that non-Arctic states are taking in the coming observership is a tribute to the good work we have done together. I think it is very important to welcome the new observers and to appreciate their interest to working with us on the basis of the principles that we have agreed to”, Foreign Minister Espen Barth Eide said at the Arctic Council Ministerial meeting in Kiruna, ...
Arctic Council welcomes new observers (Wed, 15 May)
“I am pleased that six new countries and the EU have been granted observer status in the Arctic Council. This confirms the Arctic Council’s key position as an international forum for discussing Arctic issues,” said Minister of Foreign Affairs Espen Barth Eide, who is taking part in the Kiruna Ministerial Meeting.
