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Norwegian Economy | So write the newspapers on the economy on Monday 9 January

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FRP fears northern oil dream is over: – If nothing completely unexpected happens now, then the train will leave (Today’s business)
Not even the favorable oil tax package was enough to complete some projects in the Barents Sea. FRP is concerned, while Greenpeace rejoices. The seas

Solberg scolds the government’s fiscal policy: – They have failed (NTB)
Conservative leader Erna Solberg believes the government is behaving like a caricature of the left. -Their only response is to raise taxes, she says. The seas

– The smartest and kindest bureaucrats in the world are destroying the real estate market (post by chief economist, Jan Andreassen, Eika Gruppen) (Finansavisen)
Norges Bank and Finanstilsynet focus too much on their mundane goals. We are virtually guaranteed a housing shortage, high inflation, and financial instability for a few years to come. The seas

Asks electricity companies to cut fixed prices: – They should know their visiting hours (E24)
LO leader Peggy Hessen Følsvik calls on electricity and electricity suppliers to sell energy at a lower fixed price than today. The seas

It requires tens of billions of electricity support for the industry (NRK)
Norsk Industri is asking for NOK 30 to 40 billion in electricity support for companies. They fear layoffs and closures due to skyrocketing electricity prices. The seas

– If not, they’re finished (Dagbladet Borsen)
Freddy Syversen, the owner of the Skihytta restaurant in the municipality of Trysil, warned in October of a possible “straight road to the probate court” due to the electricity nightmare. He now he believes that Støre and Vedum are on fire. – Most likely, maybe swear in church, but do as Giske says: go down to Brussels and say that “if you want gas from Norway, you have to accept that we create a separate price market in Norway”. The seas

Worst start to the year for the Norwegian krone (Today’s business)
– It was a bad start to the new year for the Norwegian krone, says currency strategist Magne Østnor, who believes the situation will change. The seas

Power analyst believes in halving electricity prices this year: – We have the worst behind us (Today’s business)
– With the low gas prices we see going forward, there’s nothing to indicate we’ll again have the sky-high electricity prices we had last fall, says head of analytics Tor Reier Lilleholt at Volue Insight. The seas

A week with the new salmon tax: – Unleash a survival instinct (E24)
Chaotic. Everything consumes. Stay split. This is how six people from the salmon industry describe the uncertainty that is spreading in the sector. The seas

Ola Borten Moe against Norwegian hydrogen plans: – Light years away from being prudent or sensible (NTB / Technical Weekly)
As the government cheers on the hydrogen plans, Research Minister Ola Borten Moe writes on Facebook that the plans are “light years away from being justifiable or reasonable”. The seas

This is the advice that the tax advisor gives to tax refugees (Today’s business)
Lawyer Sverre Hveding says some potential tax evaders need a reality check when seeking advice. -Some may get cold feet, he says. The seas

Norwegians think they have used up their savings: – They hid how bad it is (Today’s business)
Big buffer bills from the pandemic have kept consumption high, but data now shows Norwegians’ savings have not been lower over the past 12 years. Frank Jullum believes that many people will need to reduce their consumption. The seas

– The government is creating a “perfect storm” (Finansavisen)
Tor Olav Carlsen, partner at BAHR, believes it could be dramatic when the many changes in the workplace law come at the same time that financial reach for many companies is being reduced. The seas

Card use increased by 4% last year (NTB)
Many Norwegians used the funds they saved to maintain consumption last year, shows an analysis of card use. During the fall, many people slowed down their spending. The seas

“Disability trap”: – Fear for life (Daily newspaper)
Maria feels she is forced to work full time a year after having a heart attack. Otherwise, she will be hit by the ‘disability trap’. The seas

Vestre will amend the second-hand trade law to stimulate a circular economy (countries)
Industry Minister Jan Christian Vestre (AP) is examining the outdated second-hand trade law to make better deals for the trade, repair and lending of second-hand cars. The seas

This is what the electricity price will look like on Monday (Finansavisen)
On Sundays, the highest and lowest prices in the country are NOK 1.26 and 4.57 øre per kilowatt-hour, respectively. By comparison, Monday’s price high is 61 øre lower than it was exactly a year ago. Nord Pool prices are spot prices before any surcharges by electricity companies and taxes. Online rental is also included. The seas

Closed fire damper again – saved employer £35,000 a year (NRK)
High electricity prices have hit municipalities hard in the last year. – It costs not to be in control, says energy consultant Ole Arne Torsvik. Since he started the job, he has saved 7 million to his employer. The seas

Documents Tell of Chaos After Billionaire System Introduced: ‘Threatens Patient Safety’ (Subsequently)
Four weeks after the introduction of the new registration system, the hospital should have been operational again. It didn’t work that way. The seas

The apartment has shrunk 10 percent since purchase (Finansavisen)
A home buyer sensed peace and no danger when he bought an apartment he thought was 85 square feet a year and a half ago. When he was about to sell the house, suddenly the main area was significantly smaller. The seas

The battle for alarmed customers: – I feel cheated (Dagens Naergasliv)
Home Alarm customer Vibeke Dalseg was suddenly offered a free one-year subscription from Sector Alarm if she didn’t switch to competitor Homely. The alarm challenger will ban the tricks of the contestants. The seas

Will. Wilhelmsen’s feud in court: gigantic lawsuit for the shipping family’s private money bin (Today’s business)
Seven heirs of the wealthy Wilhelmsen family have sued to dissolve the family’s private money pile of NOK six billion. The seas

Appealing a tax lawsuit against the tax attorney in BAHR (Finansavisen)
Tax authorities demanded a fine from BAHR partner Jan B. Jansen, but the Oslo District Court acquitted him. Now the government lawyer wants a rematch in the Court of Appeal. The seas

The government’s new equality proposal: must include a man on the board (Today’s business)
Massive quotas are needed to achieve the goal of gender-balanced governance on Norwegian corporate boards. Some companies have to list men on the board of directors. The seas

Shell pays taxes for the first time in five years (Finansavisen)
The oil company had such large deductions that it was a zero taxpayer for several years. But now money is flowing into the business, and the intriguer is knocking on the door. The seas

Russian aluminum is flowing into Norway (Finansavisen)
Before Christmas, a ship delivered about 4,000 tons of Russian aluminum to the port of Oslo. This is the second time this has happened since the Russian invasion of Ukraine. The seas

Will Chinese coal save Europe again next winter? (post by analyst Petter Haugen on ABG Sundal Collier) (Finansavisen)
My answer to the titled question is more no than yes. After a year of soaring coal prices, production is set to increase in Indonesia and other major coal exporters. The seas

Industry summit visits Norway: – Challenge for Europe to keep up (Finansavisen)
Ilham Kadri, CEO of the Belgian chemical giant Solva, talks about how the energy crisis is affecting Europe’s competitiveness, how his company is stepping up its investments in electric car batteries with a new plant in the United States and we ask her if she believes into a recession in 2023. The seas

Yara quintuples in Germany: rebuilds terminals for green investments (Finansavisen)
– It’s not about huge investments, it’s more about facilitating business opportunities, says Yara CEO Svein Tore Holsether of the investment in rebuilding terminals in Germany to be able to import green ammonia and hydrogen from Norway. Holsether, who is also president of the NHO, says large-scale industrial development is underway in the United States and Europe needs to keep up. The seas

– 2023 will be a good year (Finansavisen)
– While we expect loan losses to rise from low levels in 2022, we think this will be very manageable for banks, says top Norwegian financial analyst Håkon Astrup. The seas

Risk of new interest rate shocks (Finansavisen)
From March onwards, the ECB will start reducing its balance sheet by nearly 8 trillion euros. This can have knock-on effects on the level of interest rates in the eurozone, and in particular on government bonds in the fragile economies of southern Europe. The seas

The robots are coming! (Finansavisen)
There isn’t much evidence of intelligence behind today’s chatbots. ChatGPT seems to change that, writes Thale Cecilia Gautier Gjerdsbakk of Bull Advokatfirma. The seas

Coming soon: Artificial intelligence that helps lawyers and NAVs write clearly (Finansavisen)
There is a tool that ensures efficient and clear language for all those who write texts, whether it be e-mails or long reports. The seas

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Read also: This is what the newspapers wrote about politics on Wednesday 4 January

Read also: So write the newspapers on the Stock Exchange on Wednesday 4 January

You can find previous editions his (policy), his (economics) e his (stock market)

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