The Norway Post

Interest rates: Countercyclical buffer unchanged

carl@fuglesang.no (The Norway Post) — Thu, 22 Sep 2016 15:16:24 +0000

The Ministry of Finance has today decided to keep the level of the countercyclical capital buffer for banks unchanged. This is in line with the advice for Q3/16 from Norges Bank.

Positive trends in Norway's economy

rolleis@online.no (Rolleiv Solholm) — Fri, 16 Sep 2016 11:44:11 +0000

The standstill in the second half of last year has been replaced by a weak increase in growth in the Norwegian mainland economy this year, Statistics Norway (SSB) reports.

Oil & Gas: Development costs cut by nearly half

rolleis@online.no (Rolleiv Solholm) — Thu, 08 Sep 2016 08:24:59 +0000

The price tag for developing a field on the Norwegian shelf has declined by an average of more than 40 per cent since the autumn of 2014, according to the NPD's analysis of eight planned developments that are approaching start-up.

Magnus Karlsen - World Chess Champion

carl@fuglesang.no (The Norway Post) — Wed, 30 Nov 2016 23:45:46 +0000

Magnus Carlsen pulled it of with a victory in the third round of rapid chess party in New York on Wednesday night. Carlsen's game impressed mostly through the evening, but he also made mistakes. In the second game, the computers showed a huge advantage to Carlsen, but after his 62'nd move , Karjakin managed to get back and the game ended even. The fourth game ended in Karlsen's favour.

This is Karlsen's 3'rd World Champion victory, at the same day he celebrated his 26'th bithday.

Picture - NRK

Oil & Gas: Major investments in the Barents Sea

rolleis@online.no (Rolleiv Solholm) — Wed, 14 Sep 2016 12:40:12 +0000

Norwegian energy provider Statoil plans to invest NOK 60 billion in developing the large Johan Castberg Field in the Norwegian sector of the Barents Sea.

Domestic investments in downward trend

carl@fuglesang.no (The Norway Post) — Fri, 26 Aug 2016 22:05:00 +0000

The investments in oil and gas extraction and pipeline transport for 2017 are estimated at NOK 150.5 billion. This is 1.8 per cent lower than the previous estimate for 2017.

Increase in cost of new houses

carl@fuglesang.no (The Norway Post) — Tue, 20 Sep 2016 11:46:32 +0000

The prices for new small houses and flats have increased by 9.5 per cent from the 2nd quarter of 2015. From the 1st quarter to the 2nd quarter of 2016, the prices of new multi-dwelling houses have increased by 5.9 per cent.

Continued growth in web based turnover

carl@fuglesang.no (The Norway Post) — Tue, 06 Sep 2016 06:41:22 +0000

Statistics Norway released their bimonthly statistics on wholesale and retail sales showing an increase of 2.5 percent for the same period. The retail sales turnover reached a total of NOK 142 billion for the first four months of 2016, an increase of 2.6 per cent from the same period in 2015.

Figures from The tourist season in Norway

carl@fuglesang.no (The Norway Post) — Tue, 23 Aug 2016 18:08:53 +0000

There has been a record high 2.45 million guest nights in June 2016 in Norwegian hotels. This is an increase of 3 per cent compared with June 2015.

Budgetary disagreements on overtime

carl@fuglesang.no (The Norway Post) — Wed, 30 Nov 2016 22:03:25 +0000


The political coalition government saved last years budget by agreement on a tax reorganization in 2017, providing "significant reductions in greenhouse gas emissions."  Already weeks before the state budget was submitted, 
the Government presented the proposal for green tax shift with increases in petrol and diesel taxes by 15 and 35 øre. Compensatory measures was to be annual fees, higher deduction for commuters and lower higway tarrifs,  ensuring 
that motorists collectively came oyt even or better.  Meanwhile, the government made it clear that this was as far as they were willing to go. The Left and Christian Democrats believe the proposal is not even close to living 
up to the budget agreement, demanding that the partners also negotiate about this part of the state budget. The deadline for the 2017 budget was November 24'th. The coaltion partners need to
agree on the budget by Desember 5'th, when it is to be discussed and voted on.