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Øystein Stray Spetalen blames the government for the weak krone: – Those affected are ordinary people (DN)
Øystein Stray Spetalen believes foreign investors are fleeing the country because of the Støre government. He calls the krone a “rotten pill” and believes that today’s inflation is just the beginning. While currency experts have highlighted market unrest, falling oil prices and increased interest rate differentials as reasons, according to the well-known investor there is one reason why the krone is falling: Foreign investors are fleeing the country due to political risk. – The strongly increasing political risk is causing international investors to withdraw from Norway. When the clever and capital-strong Norwegians don’t even want to live in Norway, or own the Norwegian krone, why should foreigners own Norwegian kroner? The seas

Currency expert goes against the flow: Expects continued weakening of the krone (DN)
The Norwegian krone is vulnerable to a sour mood in the market. In recent weeks, however, it has weakened when the stock markets have risen. – The krone has become a low-interest currency, says currency strategist Magne Østnor. The seas

Vestre receives criticism: – Startling (VG)
The Liberal Party’s Alfred Bjørlo comes out strongly against Industry Minister Jan Christian Vestre (Ap). – Vestre admits that he does not have or does not want to have an overview of the development of foreign ownership in Norwegian companies. It’s almost unbelievable, says Bjørlo, who is spokesperson for business policy in the Liberal Party. The reason for the anger is a written response that Vestre has given to the Storting, where Bjørlo asked if they have an overview of how many private Norwegian-owned companies have been sold to foreign owners – and if there are any figures that would be interesting to obtain, if they do not exist. Bjørlo receives professional support: – Unconsciously, says chief economist Elisabeth Holvik. Vestre dismisses the criticism. The seas

Weak krone and Swedish inflation are changing cross-border trade (DN)
The Swedes have experienced significantly greater price growth for food. In addition, the Norwegian krone has also weakened against the Swedish krone. Is cross-border trade turned on its head? The seas

Sweden’s deputy central bank governor: The krone could become a problem (E24)
The weak Swedish krona could become a problem and could influence interest rate decisions in Sweden, says Per Jansson deputy governor of Sweden’s central bank. The seas

Hardly better for the rich (Finansavisen)
With a backdrop consisting of a number of resilient proposals from the Torvik Committee, we expected that there would be some exciting tax proposals in the revised national budget. But nothing came of it, write lawyers Martin Wikborg and Sigbjørn Sørensen in Magnus Legal. If the rich moves to a country that is not a member of the EEA, there is nothing to prevent Norway from making rules that the exit tax must be paid immediately. In that case, the exit tax will resemble an economic Berlin wall, and we hope for a broad debate about the relationship with basic human rights if it is proposed to introduce such a tightening. The seas

Wealth in nods (Torbjørn Røe Isaksen, E24)
The right has two different traditions for assessing wealth. One has become almost invisible. The seas

Billionaire Kim Wahl: – In Norway, we would like to have capitalism, but we do not want the capitalists (DN)
– It would be a shame to be so poor that you move alone because of the tax, says Kim Wahl. The seas

The tax authorities will catch more tax evaders abroad: – Surprisingly large amounts (E24)
Hidden assets abroad are getting bigger and bigger. The seas

Nordic equality before and now (Professor at the Department of Economics, University of Oslo and head of Esop – Center for studies of equality, social organization and economic development) (DN)
What have we learned from the economic research on Nordic equality? Perhaps primarily that we are not like other lottery millionaires. Seen from the outside, we have too high taxes, too little income differences, too extensive welfare schemes, too much security, too strong organizations in the labor market. A typical American economist would insist that we were therefore following a recipe for macroeconomic disaster. The seas

Will move back home if taxes are cut (Finansavisen)
More than half of wealthy Norwegians who have tax evasion abroad are likely to move back to Norway if owner taxation is greatly reduced, a recent master’s thesis shows. The seas

Found a solution to bypass the rental ban (Finansavisen)
The ban on hiring for temporary positions could have dramatic consequences for Dreamwork. But now the company is launching a new staffing solution, and believes in tripling the turnover. The seas

Nav interpreted the law incorrectly since 2009: – Arrogant (E24)
Many may have received too little money from the wage guarantee scheme, according to a new judgment in the Oslo District Court. Nav itself acknowledges the error. The seas

Several green initiatives heavily delayed (E24)
Large climate projects have been stopped or delayed recently. Increased costs are the common denominator. The Zero leader fears a domino effect. The seas

Will make offshore wind cheap — chasing 150 million (Finansavisen)
Floating offshore wind is a money sink like no other. Arne Smedal found a solution at almost half the price. With the Ugland family as sponsor, Ocean Ventus is looking for investors for a new Norwegian adventure. The seas

Hjørnesteinbedrift in Kirkenes has not received a response from the Ministry of Foreign Affairs (NRK)
Kimek in Kirkenes is threatening to fire all employees if the state does not give the shipyard permission to complete two Russian fishing vessels. No response has been received. The seas

Full party in oil, shipyards and battery factories (Finansavisen)
There is high speed in oil and gas, heavy investment in renewables and construction projects in the queue. Chief consultant Petter Aalvik at Omega sees no signs of slowing down. The seas

The housing market keeps cooking. But one segment is slowing down (Finansavisen)
Broker managers are scratching their heads over the momentum in the second-hand housing market. Nordvik CEO Martin Kiligitto believes prices will rise by 2 per cent in May. The seas

Calm before the storm? I think the holiday money will be an acid test (E24)
So far, there are few signs that Norwegians are struggling to repay consumer debt. This could turn around as early as June, bank top officials warn. The seas

Demands a social policy boost against Facebook loans: – We are concerned (VG)
Jussbuss fears that people who take out loans with sky-high interest rates via Facebook may have already been rejected by NAV. The seas

There may be a construction stoppage for Freyr’s battery factory in the autumn (Finansavisen)
The government has provided 4 billion to Freyr, which now needs more to continue the construction of the battery factory in Mo i Rana. Industry Minister Jan Christian Vestre (Ap) tells the broadcaster that he understands that the company is now orienting itself to what is happening in the USA and in Europe. – The government is working on how to upgrade our instruments, and I hope that we will have further clarifications towards the summer. Vestre says he hopes Freyr does not stop the project in Nordland, which is planned to create export income and a lot of jobs. The seas

SV wanted 70 percent tax (Trygve Hegnar’s manager, Finansavisen)
The fact is that SV demonstrated its hostility to business by demanding a basic interest tax of 48 percent! Together with corporation tax, SV would therefore have a tax of 70 per cent. It couldn’t have been worse. The positive and interesting thing is that SV, which is actually the government’s support party, has now sat outside and on the sidelines. It will have consequences for other matters as well. Trygve Slagsvold Vedum is grinning widely now. He was the man who directed the government negotiations so that SV did not join the government. The seas

Heimstaden will raise the rent for the second time in five months (Finansavisen)
Ivar Tollefsen’s Heimstaden wants the tenants to share in the rising costs of their enormous debt, writes Bloomberg. Now the company is increasing the rent in Malmö – just five months after the previous increase. The seas

The weak krone contributed to Jotun’s strongest result ever (E24)
The paint company increased its operating profit by 86 per cent. The seas

Surfing the AI ​​wave in the media industry (Finansavisen)
When OpenAI made its AI solution available to the general public, Labrador CMS was quick to jump on board. – We have a queue of people who are interested, says managing director Jan Thoresen. The seas

– Use AI or be left behind (Finansavisen)
The boss and founder of the world’s most valuable microchip manufacturer, Jen-Hsun Huang, encourages all students and companies to become familiar with the use of AI, otherwise one risks being forgotten. The seas

Nvidia founder warns companies: Leverage artificial intelligence or perish (DN)
As Nvidia enters the exclusive 1,000-billion-dollar club, the founder is crystal clear: – Companies that utilize artificial intelligence will strengthen their positions, while the others will perish, says Jensen Huang. The seas

Low interest rates have kept the dead alive (Finansavisen)
The entire decade from 2010 to 2020, plus the time through the pandemic, was about ensuring that interest rates were as low as possible so that growth could pick up. It has created an uncertainty and fragility that will harm us in the years to come, Chancellor believes. The low interest rates have – quite contrary to the intentions – contributed to weak economic growth, increasing inequalities, high debt levels and a crisis for the pension administrators. The seas

The world’s largest real estate investors: The interest rate doesn’t bite (Finansavisen)
Higher interest rates, cost explosion and risk of recession. The world’s richest real estate investors do not let themselves be swayed, and stand on concrete. This year, they have only gotten richer. The seas

Administrator warns of dollar shock: – I fear what will happen (DN)
Commodity trader Tor Svelland sees a new world order, and believes the dollar’s position is seriously threatened: – Ten years ago I didn’t think it was possible, but now it is happening. The seas

The US debt ceiling is the biggest risk now (Knut Anton Mork, professor emeritus at NTNU and BI School of Business, and macroeconomic advisor, Garantum Norge AS) (DN)
Possible effects on the global financial markets are far more frightening than a temporary shutdown of the US government. The seas

Biden says he is confident of the agreement on the debt ceiling (NTB)
President Joe Biden believes Congress will accept the agreement to raise the debt ceiling. The seas

The economy is all damaged by the debt dispute (Sindre Heyerdahl; E24)
The US economy is already suffering from the dispute over the debt ceiling. Downgrades of the US may come even if the debt ceiling is raised. The seas

Compromise on the debt ceiling in the US: Called a “gift package” for the richest tax cheats (NRK)
Last night, agreement was finally reached on the debt ceiling in the United States. The seas

Shipping heir in court: Demands access to billions in assets (Finansavisen)
With the Constitution in hand, Hannah E. Wilhelmsen (28) demands access to the billion inheritance from her father. Cousin Thomas Wilhelmsen strikes back against what he believes to be unnecessary noise and chicanery outcomes. The seas

Began as a bottle helper – sells with a huge profit (DN)
Store founders Robert Burud and Jan Lyder Isaksen sold their 23 Kiwi stores and were left with a total profit of NOK 235 million. The seas

Got a certificate for NOK 200,000 and a permanent job via Nav (NRK)
Six months ago, Mads Arild (33) had never driven heavy transport. Now he has got a permanent job as a professional driver. – It’s good to get started. The seas

Paralyzed by tax dispute: – Russian conditions (DN)
The state seized both the account and other assets, demanded nearly a million in VAT and reported the entrepreneur Odd Magne Reme to the police. Then he was cleansed. But the Norwegian Tax Agency rejects any responsibility for Reme’s loss of millions. The seas

The oil fund supports climate claims against Exxon and Chevron (E24)
Climate activist believes the Oil Fund should do the same with European oil giants. The seas

ConocoPhilips is looking at the possibility of offshore wind for Ekofisk (The class struggle)
ConocoPhilips has chosen not to develop wind power for the Ekofisk field in the North Sea itself, but can express its interest in electricity from an offshore wind farm in the area. The seas

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Also read: This is what the newspapers write about politics on Friday 26 May

Also read: This is what the newspapers write about the stock exchange on Friday 26 May

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