The Local (Norway)

1 week ago | thelocal.no | Robin-Ivan Capar

Norway to ban secret bids in housing market bidding rounds Starting July 1st, secret bids in Norway's home bidding system will be banned, following recent amendments to the Real Estate Act adopted by the Norwegian parliament (Storting). The new legislation, highlighted by the newspaper Nettavisen, aims to bring greater transparency and fairness to bidding rounds - especially in competitive markets like Oslo, where the use of undisclosed offers has been widespread.

2 weeks ago | thelocal.no | Daniela De Lorenzo

When are Norway's summer holidays?  Employees in Norway are entitled to three consecutive weeks of holiday during the period from June 1st to September 30th. It is most common to take off the last three weeks of July, which are known as the fellesferie, or "collective holiday". If you have not yet booked your holidays, be warned that ticket prices for flights during this specific period have already reached exorbitant levels.

2 weeks ago | thelocal.no | Daniela De Lorenzo

The term hytte comes from the German word hütte, meaning "a simple wooden house",  making it a fitting description for the tiny cabins Norwegians have traditionally built near the sea or in the mountain areas. The first hytter began appearing in the early 20th century. They offered only basic amenities: a fireplace, but no electricity or running water, and were intended as simple starting points for outdoor adventures like skiing and hiking.

2 weeks ago | thelocal.no | Robin-Ivan Capar

US dollar falls below 10 kroner for first time since 2023 The US dollar dipped below 10 Norwegian kroner on Thursday, marking the krone's strongest position against the dollar since July 2023. According to data from Infront, the exchange rate first dropped below the threshold at 11.24 am and remained there into the afternoon. The dollar's decline comes amid broader weakness against several global currencies this year.

2 weeks ago | thelocal.no | Robin-Ivan Capar

Norway investing 1 billion kroner in six new AI research centres The Norwegian government has announced a major investment in artificial intelligence (AI), allocating one billion kroner over five years to establish six new national research centres dedicated to the field. "These centres will help us better understand AI, guide its development and harness its potential to enhance the welfare and drive value creation in Norway," Prime Minister Jonas Gahr Støre said.