Tag: economy

No rise in interest rates, for now

Norwegians with big mortgages could breathe another sigh of relief on Thursday, after the country's central bank board refrained once again from raising interest...

Tax revenue boom ‘signals optimism’

Finance Minister Siv Jensen has reason to smile after a long and difficult winter: New figures show a boom in unexpected tax revenue rolling...

Oil industry drama debuts in Cannes

A new dramatic version of how Norway's oil industry began was making its debut on Tuesday at the first Cannes International Series Festival. The new...

Giant Statoil deals help secure jobs

Norway's three largest offshore companies won contracts worth nearly NOK 12 billion from state oil company Statoil on Thursday that can create as many...

Parliament scolds finance minister

Norway's deposed justice minister wasn't the only top politician in trouble this week. Her Progress Party boss, Finance Minister Siv Jensen, also faced official...

Interest rates set to rise ‘cautiously’

Norway's central bank announced Thursday morning that its executive board is poised to raise interest rates at the end of this summer. The bank's...

Budget talks off to a ‘tough’ start

Prime Minister Erna Solberg knew this year's state budget conference would be "tough" even without all the political conflict swirling around her. Her government...

Half losing faith in the welfare state

A new survey of Norwegians indicates that just over half think their country's welfare system will worsen in the years ahead. Only 10 percent...

Conflict swirls at Innovation Norway

The board leader of Norway's publicly funded business development organization Innovasjon Norge (Innovation Norway) has abruptly resigned in protest. Per Otto Dyb quit last...

Oil Fund gushes with new record results

Norway's huge sovereign wealth and pension fund that's fueled by the country's oil revenues reported record results for last year. Commentators quickly reported that...
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