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A pre-Christmas treat for Norwegian motorists – there will be queues here (The online newspaper)
Circle K with a great pre-Christmas gift for motorists. The seas
“Everyone” expects the policy rate to be raised one notch (NTB)
Most people believe Norges Bank will raise its key interest rate by 0.25 percentage point to 2.75% at Thursday’s rate meeting. But economists are debating whether the peak in interest rates has been reached. The seas
The price of electricity will be more than halved: – Great relief for many (Today’s business)
From the weekend, the cold wave will take hold in the Nordic region and on the continent. This means that the price of electricity is more than halved. The seas
Tax evasion in Sweden (Finansavisen)
Private equity investor Reynir Indahl is fleeing Norwegian taxes – to Sweden. There it enjoys zero wealth tax and a low dividend tax in addition to the favorable start-up tax. The seas
Fixed price deals: – In practice they will be almost twice as expensive (NRK)
Companies say the new fixed-price deals mean they have to buy a fixed amount of electricity every hour and sell what they don’t use when the machines are idle. The seas
Chief Economist Calls on Norges Bank to Freeze Interest Rates: – He can always take it back (E24)
A slowdown in the housing market and a possible downturn in the economy should prompt Norges Bank to stop raising interest rates, according to chief economist Jan L. Andreassen. The central bank is likely to raise interest rates yet again on Thursday. The seas
Two of these five economists believe Norges Bank will cut interest rates over the next year (Today’s business)
Economists don’t want a doubling of the key interest rate, and many also believe that the interest rate has already been raised too much. The last interest rate announcement of the year will come from Norges Bank on Thursday. The seas
The oil industry believes that political uncertainty is reducing activity on the NCS (Today’s business)
Norway’s offshore oil industry investment forecast has changed little in a year, despite high inflation. This indicates lower than expected activity and the lobby indicates changed framework conditions. The seas
The professor believes that the salmon tax could bring in at least double what is estimated (Today’s business)
The basic interest tax on salmon can net around NOK 13 billion and not up to NOK 3.8 billion as estimated by the Finance Ministry, believes Professor Bård Misund of the University of Stavanger. But it entirely depends on what the price of salmon will be. The seas
Sjømat Norge calls on Finanstilsynet to investigate the handling of insider information on the salmon tax (Today’s business)
Sjømat Norge CEO Geir Ove Ystmark says “it makes sense that all parties do a little quality control.” The seas
It will create dummy bottlenecks in electricity (Finansavisen)
– We don’t want to cut ties to Europe, but we are in an extreme situation, says Terje Halleland of the Progress Party. Halleland outlines a scheme in which separate price points are to be established on suitable international connections in order to separate and relieve the South Norwegian energy market from price contagion from the European electricity market. At the same time, Statnett will receive a mandate to operate international connections via new price ranges. The aim is to achieve normal electricity prices in Norway. The seas
Electricity prices are exacerbated by cold weather and electricity shortages (NTB)
Colder than normal weather causes electricity consumption to increase. At the same time, wind and nuclear power plants provide less electricity than normal. This week, electricity prices hit new highs. The seas
Emptying the water tanks: – Hard bottling (Today’s business)
High electricity prices cause energy producers to heavily dry up water tanks. In the last week alone, the magazine fill rate in Eastern Norway decreased by five percentage points. The seas
Electricity prices fell slightly across the country on Thursday (E24)
In Southern Norway, prices are decreasing, but still remain at a very high level. In these three price ranges, the price averages NOK 3.97 per kilowatt-hour during the day. The price then falls from the current level of NOK 4.52 per kilowatt hour. The seas
The committee needs to look into how the foreground subject model works (NTB)
The government wants a committee to look into how the model works on the front lines. But the model itself is not at stake, underlines Prime Minister Jonas Gahr Støre (AP). – The main principle, the layout of the model of the subject in the foreground, I notice that all organizations support it, says Støre. The seas
Trøndelag County Council calls on the government to postpone the salmon tax (MN24)
A large majority in Trøndelag County Council, made up of the Labor Party, the Center Party, the Christian People’s Party and the Liberal Party, say they cannot support the land rent tax proposal as proposed. The seas
A record number of people ask to postpone payment in Lånekassen (VG)
A record number of people ask to postpone payment in Lånekassen. Soon it will no longer be possible to postpone the payment, without using up the quota for the number of postponements. The seas
Transparency on the property closes (leader, Dagbladet)
In recent years, we’ve had a breakthrough in ownership transparency, but now there are dark clouds on the horizon. The seas
For a year and a half, the ministries have been working on measures against hidden property (Today’s business)
Two governments have been working to find out more about who owns Norwegian property. The first investigation has already started in the summer of 2021. The seas
NVE’s recommendations for the electrification of the Draugen and Njord platforms are clear (NTB)
The Norwegian Directorate of Waterways and Energy (NVE) has sent its recommendations to the Ministry of Petroleum and Energy for the electrification of the Draugen and Njord platforms. The seas
Norway continued with high electricity exports last week (VG)
The bitter cold has resulted in higher electricity prices, large power generation and high net exports abroad. The seas
– The price of electricity in kroner can be higher than the support of Ap as a percentage (The online newspaper)
Rødt leader Mímir Kristjánsson points to two main problems, the organization of energy markets in the long term, but above all that people cannot tolerate an electricity price of NOK 10 now. – We sell electricity from publicly owned power companies with up to 1,000% profit. Because that’s how it is? The seas
The electricity tax is reduced: – People don’t feel particularly lucky (NRK)
The electricity tax will be reduced from the beginning of the year, but Mimir Kristjansson (Rødt) is not impressed with the reduction, which is 6.25 øre per kWh. The seas
The owner of the cabin gets a double cost advantage: – No one can take a shower the day they come home (Today’s business)
The electricity bill for an average cabin could rise by around NOK 20,000 this year, according to one calculation. Then comes the additional interest charges. – We’re not scared yet, says cabin owner Jon Sverre Lund. The seas
We should stop money transfers to corrupt countries (Norwegian debate. By columnist Anders Magnus, Nettavisen)
Millions of American dollars hidden in the president’s sofa. The former head of the country’s security on the run from an assassin. These are some of the ingredients of South Africa’s latest spectacular corruption scandal. The seas
Christmas food price war: – We lose money every day (E24)
With today’s cost picture, Coop will be lucky if it breaks even this year, says the director of communications. According to Norgesgruppen, December is normally the month when grocery chains have the least, despite massive volumes. The seas
Oslo municipality is changing the prices for street charging again (VG)
Oslo city council turns heel and adjusts charges for street charging after much criticism. The seas
Helse Bergen has to save money: – Doctors don’t have to say more often (NRK)
In future, Helse Bergen will have to take drastic measures to save NOK 500 million. This means they will say no to more patients. The seas
NHO and Consumer Council warn against online activity from countries outside the EU (NTB)
While often cheap and effective, online shopping can be a difficult jungle to navigate, especially for foreign websites outside the EU/EEA. The seas
Fuel support for Havila, but not for Hurtigruten (Finansavisen)
The state grants support to Havila Kystruten for rising fuel costs, but rejects a similar application from Hurtigruten. – Incomprehensible, says Hedda Felin from Hurtigruten. The seas
The EU provides funding to become independent from Russian energy (NTB)
The deal facilitates a “radical overhaul” of the EU energy sector, according to Czech Finance Minister Zbyněk Stanjura. The countries agree to add 20 billion euros, about 208 billion Norwegian kroner, in grants on top of the money left in the EU’s common crown fund. The seas
IEA: Russian oil exports at highest since April (Today’s business)
Russian oil exports rose in November to the highest level in several months. India, a major buyer, has never imported more oil from Russia. The seas
The economic disaster of Russia on gray paper (Finansavisen)
The Russian economy has not collapsed despite the sanctions. With the help of old Soviet tricks, the eastern giant limps. The seas
Which economist gets this year’s crystal ball? (commentary by Bård Bjerkholt, Dagens Næringsliv)
Sometimes they are right and sometimes they are wrong, but they are always one hundred percent sure of their cause. The seas
Norway is both at the top and bottom of the indebted World Cup (commentary by Terje Erikstad, Dagens Næringsliv)
The sum of the high debt of both households and businesses means that total private sector debt here at home is the fifth highest out of 173 countries. When we also know that nearly all debt in Norway has a variable interest rate, it’s probably not too hard to say that Norwegians are the most interest-sensitive population in the world. The seas
The EU summit will form a US cartel to drain China (NTB)
The European Commission is tired of China’s monopoly on critical raw materials. Now President Ursula von der Leyen is proposing to form a club with the United States to outwit the competitor. The seas
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Read also: So wrote the political papers on Monday 12 December
Read also: This is what the newspapers write about the Stock Exchange on Monday 12 December
You can find previous editions his (politics), his (economics) e his (Stock Exchange)
