Tag: economy

More billions roll into crisis funding

NEWS ANALYSIS: It took years of debate before Norwegian politicians agreed to spend a few billion kroner on projects like a new gateway airport...

‘Historic’ collapse in North Sea oil price

A barrel of Norway's North Sea crude oil was selling for USD 22.85 Monday morning, the lowest price since the spring of 2003. Nearly...

Oslo stocks and oil price dive again

The Oslo Stock Exchange (OSE) ended a rollercoaster week back down in the dumps on Friday, with its main index down 3.64 percent and...

Equinor cuts costs as oil price dives

Norway's state oil company Equinor announced NOK 33 billion worth of budget cuts on Wednesday, just before oil prices fell again. CEO Eldar Sætre...

Unemployment hits new post-war high

Norway's state welfare agency NAV was clobbered again on Monday with 20,400 more applications for unemployment benefits. They've now soared to a stunning 243,000...

Markets sag once again

The Oslo Stock Exchange started the week with another sharp decline for the third week in a row. Its main index was down 4.9...

Norway equipped to tackle Corona crisis

The Oslo Stock Exchange (OSE) suffered through another terrible day on Monday, as the price of Norway's biggest export product, oil, also sank to...

State rides to the Corona rescue

The usually quarreling parties in Parliament set aside political differences on Monday and got the government to further sweeten its economic crisis package for...

Solberg launches huge crisis fund

Prime Minister Erna Solberg is now offering a Corona crisis fund worth at least NOK 100 billion (USD 10 billion), with half of it...

Interest rates cut, shares rebounded

After another terrible day for the Oslo Stock Exchange on Thursday, its main index bounced back Friday morning, up more than 2 percent as...
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