Tag: economy

Lowest unemployment in 10 years

A total of 59,500 people in Norway were registered as being without work and receiving unemployment benefits in October. That's the lowest level recorded...

Oil Fund milestone fuels rare praise

Even critical Norwegian newspapers had praise for Norwegian politicians over the weekend, after the country's enormous Oil Fund broke yet another record. "Congratulations!" editorialized...

No increase in the key interest rate

The executive board of Norway's central bank (Norges Bank) has acted in line with economists' recommendations this time, announcing Thursday that there would be...

Jensen steps on the state budget brakes

Finance Minister Siv Jensen presented the government's proposed state budget for next year on Monday, backed by the strength of a majority in Parliament...

NAV reports conflicting jobless rate

Norway's state welfare agency NAV has reported a slight decline in the numbers of Norwegians registered as out of work and applying for unemployment...

Unemployment rises unexpectedly

Norway' state statistics bureau SSB (Statistics Norway) had some more sobering economic news this week, when it announced that its calculations showed a rise...

Suddenly, a string of business woes

NEWS ANALYSIS: A huge surprise loss at Norway's biggest bank, a bankruptcy that set off massive inconvenience, layoffs at major Norwegian companies, calls to...

Interest rate hike aimed at stability

The executive board of Norway's central bank defied many local economists and other central bankers around the world on Thursday by going ahead with...

Oil prices soar along with oil shares

The price of Norway's crude oil was up 10 percent Monday morning, and even higher than that earlier, as markets opening for the week...

Sverdrup oil field eyes early start-up

Norway's huge Johan Sverdrup oil field isn't due to start producing until November, but the oil may start gushing sooner than that. State oil...
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