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Thursday, December 1, 2022

Tag: economy

DNB now has unhappy customers and employees

Customers of Norway's largest and highly profitable bank, DNB, have long complained about branch closings, poor service and high fees. Now those fees are...

Inflation rate hits 7.5 percent

Prices are rising even faster than Norwegians thought: The latest numbers released Thursday show prices rose an average 7.5 percent in October, compared to...

Cash poised for a comeback

After years of being dismissed as old-fashioned and a security risk, cash may soon re-emerge as a state-mandated means of payment in highly digitalized...

Housing prices fall as rates rise

Norway's central bank raised its key policy rate again on Thursday, amidst news that housing prices keep falling. The market for holiday homes, meanwhile,...

Economic uncertainty rises, even as ‘war profits’ do too

NEWS ANALYSIS: Never before have some of Norway's largest companies and banks generated more profits, often tied to Russia's war on Ukraine. Hundreds of...

New state budget proposal aims to redistribute income

Norway's left-center minority government unveiled a proposed and "tight" state budget for next year that marks a major move towards redistribution of income. It's...

Warnings fly around the government

Prime Minister Jonas Gahr Støre and his finance minister, Trygve Slagsvold Vedum, have been warning about tough times ahead for months. Now the public...

Still lots of jobs as interest rates rise

Norway's central bank raised its policy rate once again on Thursday, in its latest attempt to control inflation. That's sparked some criticism that rising...

Interest rates rising to keep economy from overheating

A decision by Norway's central bank to opt for a second "double dose" interest rate hike on Thursday is aimed at cooling the country's...

DNB’s profits jump again

The value of the Norwegian currency tumbled again this week and inflation is rising, but Norway's biggest bank keeps delivering strong pre-tax profits, this...

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