Breaking News:

2:45:32 am CDT AM

Tuesday, 28 May 2013

Business

New major contracts for Aker Yards

Business - Oil & Gas/Shipping

Wednesday, 29 May 2013 02:45

Aker Yards has acquired a contract for the building of five container vessels for a German company. The contract is worth a total of NOK 1.5 billion. In additon the concern will be building a supply vessel for an Italian company.

The export of seafood on the increase

Business - Fisheries and Fish farming

Wednesday, 29 May 2013 02:45

The export of fish and other seafood from Norway shows a strong increase. In April the value of exported seafood reached NOK 2.5 billion, a new record for the month. Russia has become the most important single market.

Norwegian pensioners live well and happily

Business - Money and Finance

Wednesday, 29 May 2013 02:45

Nearly all Norwegian pensioners are well off. This is shown by fresh figures from Norway Statistics, quoted by Dagsavisen. The real income for the average pensioner remains between 90 and 100 per cent of end salary..

Norwegian interest rates to remain unchanged

Business - Money and Finance

Wednesday, 29 May 2013 02:45

The Norwegian Central Bank has decided to keep the key deposit rate unchanged, at the present record low of 1.75 per cent.

However, in his announcement on Wednesday the bank director Svei Gjedrem indicated that a rice would come soon.

Lowest wage growth in ten years

Business - Money and Finance

Wednesday, 29 May 2013 02:45

The average overall growth of wages and salaries from 2003 to 2004 was 3.6 per cent, compared with 4.5 per cent the previous year. This is the lowest wage growth since 1995....

Norwegian interest rates remain unchanged

Business - Money and Finance

Wednesday, 29 May 2013 02:45

The Norwegian Central Bank has decided to keep the key deposit rate unchanged, at the present record low of 1.75 per cent. However, it indicated that a rice would come later this year, and gradually be brought in line with a more normal level..

Statoil reports solid production growth

Business - Shipping, Oil and Gas

Wednesday, 29 May 2013 02:45

The Statoil group has reported a net income of 8.7 billion in the third quarter of 2005, compared to NOK 5.8 billion in the third quarter of 2004. - We can once again present record results from our operations, says Statoil chief executive Helge Lund.

Continued improvement for Aker Yards

Business - General Business

Wednesday, 29 May 2013 02:45

Aker Yards ASA reported an EBITDA of NOK 282 million for the third quarter of 2005, which corresponds to an EBITDA margin of 6.7 percent. The margin year to date is 5.8 percent.

Building of gas-fired power plant shelved

Business - General Business

Wednesday, 29 May 2013 02:45

The building of a planned gas-fired power plant in Nord-Troendelag county has been postponed indefinitely. This has been decided by the Industrikraft board..

Liquor monopoly chairman steps down

Business - General Business

Wednesday, 29 May 2013 02:45

Harald Arnkvaern, the chairman of the board of the State Liquor and Wine Monopoly (Vinmonopolet) has stepped down with immediate effect, stating he did so because he no longer enjoyed the confidence of the employees.