Tag: economy

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...

Prices up 6.3 percent and rising

Norway's state statistics bureau SSB (Statistics Norway) has released figures showing that prices rose 6.3 percent in May and even more in June. Big...

Norway downplays its oil and gas wealth as ‘war profits’ roll in

NEWS ANALYSIS: Lots of economic warnings were being issued in Norway this week, both before and after the country's central bank announced a half-point...

Central bank tries to rein in Norway’s still-booming economy

NEWS ANALYSIS: Norway's new central bank chief could finally end weeks of rampant speculation, not over whether interest rates would rise, but by how much....

Norway’s krone weakens again

A strong economy and low unemployment didn't stop currency traders this week from letting the Norwegian currency, the krone, fall to its weakest level...
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