Tag: economy

Norway plots its path out of crisis

Finance Minister Jan Tore Sanner admits to a lot of uncertainty regarding prospects for renewed economic growth in Norway. The revised state budget he...

2.7% pay raises helped avert strike

Marathon mediation through the weekend finally warded off a major strike in Norway that would have pulled more than 30,000 workers off the job...

Central bank confirms rising rates

Norway's central bank left the country's key policy rate unchanged on Thursday at 0.0 percent, despite higher underlying inflation than expected and much higher...

Solberg budgets for better times ahead

Prime Minister Erna Solberg found a way around her own government's rules against meetings this week, to start hashing out a state budget proposal...

Interest rate hikes expected soon

UPDATED: Soaring residential real estate prices have sparked expectations that Norway's record-low interest rates will rise at least once if not twice later this...

Norway’s glory days may be numbered

The Corona crisis of the past year may at the very least serve as somewhat of an equalizing factor worldwide. For Norway, it's meant...

‘Uncertainty’ keeps key rate at zero

The Norwegian central bank's key policy rate, kept at 0.0 percent this week, isn't likely to rise any time soon. The Corona crisis continues...

Housing sales and prices set records

Even in the midst of the Corona crisis, or perhaps because of it, Norwegians bought and sold homes at levels that set new records...

Interest rates remain at 0%

Norway's central bank decided on Thursday to keep its key policy rate at its record low of 0.0 percent, but noted that interest rates...

Long-term jobless ‘alarmingly high’

Closed restaurants and empty streets have added to the November gloom, and sent Norway's numbers of "long-term unemployed" up nearly 72 percent so far...
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