OSLO: Several Norwegian companies are celebrating higher export revenues as a result of a weaker Krone. Merchandise from the Norwegian producer Aabakke AS is now 25 percent cheaper abroad. “To us, the fall of the Norwegian Krone is positive because we do not buy so much foreign currency,” says director Inge Brigt Aarbakke in the oil production company Aarbakke AS.
The Norwegian Krone has lost its value against the American dollar. Back in July a dollar cost NOK 5,99, whereas its value now is NOK 7,60. We had problems selling our products in dollar. We were not competitive. However, our merchandise is now 25 percent cheaper in comparison to Houston. That is incredibly positive,” Aarbakke explains.
