Strong Growth in the Housing Market
The growth is most noticeable in orders for new private houses, which grew by 59 percent from the second to third quarter in 2010. However, also orders for commercial structures grew by 32 percent in the same period. Renovation of private housing grew by around 28 percent, but for commercial buildings this rate remained stable in the last year. The demand for new industrial complexes fell by 10 percent since the same period last year, remaining stable in the second quarter. (NRK/SSB/TV2 Nyhetene) Contributed by Thor Steinhovden
Tuesday, 07 September 2010 07:30
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Fresh numbers from Statistics Norway (SSB) show that the housing market is rebounding. In fact, house building has grown by 30 percent in the last year.
The former official residence for the prime minster in Oslo, Villa Stenersen, is known for its unique functionalist design. Now it may become an honorary residence for Norwegian architects.
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The Executive Board of Norway's Central Bank (Norges Bank) has decided to reduce the key policy rate by 0.50 percentage point to 1.75 per cent, the lowest since May 2010.
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As the chase for oil and gas moves further north, the oil services industry follows. Aker Solutions has announced plans to establish a large engineering office in Tromsø as part of the company's Northern Norway strategy.
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The Financial Supervisory Authority (FSA) orders Norwegian banks to quickly start implementing new guidelines and terms for mortgages.
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The fire onboard the cuastal cruise line "Nordlys" was most probably caused by fuel leakking onto a burning hot engine housing, according to the Naval Accident Investigation Board.
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Finance Minister Sigbjørn Johnsen (photo) on Thursday presented the National Budget for next year. Some highlights: Record budget for development aid, with focus on renewable energy and agriculture. (More updates)
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The construction of new residential properties increased by almost 37 percent during the first eight months of 2011, compared to the same time period last year.
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Consumer price index (CPI) fell by 0.6 per cent from July to August 2011, mainly due to price falls in food and airline fares. From August 2010 to August 2011the CPI rose by 1.3 per cent.
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Norway`s only restaurant and conference room in a modern "Gapahuk"? - Sollia Gjestegård is since 1999 run by the Nordhus family. We offer accomodation in cabins and annex with self household, half or full pension. The resort has 2 restaurants, relaxation area with massagebath/Jacuzzi and sauna, and a modern husky farm housing about 40 Alaskan husky sled-dogs. We have daily safaris from the resort during winter season.
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The Norwegian Directorate of Immigration (UDI) is now considering internment in isolation for asylum-seekers who have had their application for asylum to Norway turned down.
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In the early hours of Tuesday morning there were serious disturbances at the two state reseption centres in Eastern Norway, where refugees who have been denied asylum are held.
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Norway has strongly criticised Israeli plans to build 1600 new housing units in East Jerusalem. - Norway deeply deplores Israel’s expansion of its settlement in East Jerusalem, says Foreign Minister Jonas Gahr Støre. ..
Israeli authorities have presented plans to build nearly 700 housing units in East Jerusalem. Plans by Israel for increased building activity there are deplored by Norway, says Foreign Minister Jonas Gahr Støre. ..
