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Norway
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Friday, October 09, 2026
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Norway is grappling with a notable increase in inflation, which rose to 3.4 percent in September. This surge is largely attributed to record-high fuel prices, leading a chief economist to suggest that another interest rate hike could occur before the year's end. In response to economic pressures, the government is proceeding with plans to reduce the VAT exemption limit for electric cars, a decision that is anticipated to drive up prices for many new EVs and may prompt a rush of purchases before the changes take effect.
In other news, Princess Märtha Louise and her partner Durek Verrett face the prospect of losing millions of dollars, according to a lawyer. Meanwhile, a major urban development project in Økern, Oslo, is drawing sharp criticism, with predictions that it will become the country's most traffic-congested and polluted area. The establishment of new drone bases in collaboration with the army across Norway has also been revealed, a project that had largely remained secret until now.
Amidst these developments, a 1000-year-old coin belonging to Olav the Holy, one of only four known globally, has been unearthed in Innlandet, marking a significant archaeological find. On the corporate front, Next Biometrics is reportedly preparing to file for bankruptcy, and there is a possibility of a SAS strike impacting services this weekend.
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Top Stories
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Norway's inflation rate increased to 3.4 percent in September, primarily due to a significant rise in fuel prices, which have reached unprecedented levels. This economic trend has led to warnings from Chief Economist Kjersti Haugland, who believes the current state budget contributes to higher interest rates and suggests a potential rate hike before Christmas.
E24:
Price Growth Increased to 3.4 Percent
Inflation in Norway has risen to 3.4 percent in September.
NRK:
Prices rose 3.4% in September, SSB points to more expensive fuel
Inflation in Norway increased by 3.4% in September, with the Statistics Norway (SSB) attributing the rise primarily to more expensive fuel.
E24:
Interest Rate Risk: Hike Possible Before Christmas
Chief Economist Kjersti Haugland believes the state budget is contributing to higher interest rates and sees a risk of another rate hike before the end of the year.
Dagbladet:
Fuel shock: Never measured higher
Fuel prices have reached record high levels, described as a shock.
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Plans for a new urban development in Økern, Oslo, are facing significant criticism, with predictions that the area will become the most traffic-congested, noisy, and polluted in Norway.
Aftenposten:
Criticism of plans for new urban area in Oslo, expected to be highly polluted.
A new urban development planned for Økern in Oslo faces sharp criticism, with predictions it will be the most traffic-congested, noisy, and polluted area in the country.
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The Norwegian government plans to proceed with lowering the VAT exemption limit for electric cars, a decision that car dealers anticipate will lead to a rush of customers before prices increase for most new electric vehicles.
E24:
Government Stands Firm on Lowering EV Tax Exemption Threshold
The government intends to proceed with reducing the VAT exemption limit for electric cars, leading dealers to anticipate a rush of customers before prices increase for most new EVs.
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A significant project involving the establishment of new drone bases throughout Norway, in collaboration with the army, has been largely secret until now.
Aftenposten:
New drone bases established across Norway in cooperation with the army.
A significant project involving the establishment of new drone bases throughout Norway, in collaboration with the army, has been largely secret until now.
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A rare 1000-year-old coin from Olav the Holy, one of only four existing globally, has been discovered in Innlandet as part of Norway's largest Viking coin treasure.
VG:
Only four in the world
A unique artifact, with only four existing globally, has been discovered.
NRK:
1000-year-old Olav the Holy coin found
A coin dating back 1000 years, belonging to Olav the Holy, has been discovered in Innlandet.
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There is a possibility of a strike affecting SAS services this weekend.
Dagbladet:
SAS strike possible this weekend
There is a possibility of a strike affecting SAS services this weekend.
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A survey reveals that nearly half of Norway's population desires a ban on something, a topic that has sparked strong emotions.
Dagbladet:
Nearly half of Norway wants to ban it
A survey indicates that nearly half of Norway's population desires a ban on something, sparking strong emotions.
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Daily news summaries from Norway
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