Tag: economy

Stock market slide hits the Oil Fund

Norway’s central bank (Norges Bank) once again gathered 300 of the country’s most powerful people Thursday night, to listen to its chief’s annual perspectives...

Kværner lands huge Statoil contract

Western Norway and several other communities around the country were celebrating this week after Norwegian industrial firm Kværner signed contracts on a project expected...

Oil field to be ‘a money machine’

Norway's giant Johan Sverdrup oil field, located just 155 kilometers west of Stavanger, is being called "a money machine" even before production starts up...

Norway is now the richest in the world

A new method of calculating wealth has resulted in the World Bank ranking Norway as the richest country in the world. The World Bank...

Rate firm as krone, housing perk up

Norway's central bank kept its key lending rate unchanged as expected, at its record low level, amidst news that Norway's housing market is stronger...

Battle flares over control of SSB

Finance Minister Siv Jensen and the woman Jensen hired to run state statistics bureau SSB, Christine Meyer, squared off at a parliamentary hearing on...

Seafood sales set another record

Consumers around the world seem to have an insatiable appetite for Norwegian salmon and other seafood. Producers all along the coast exported NOK 94...

Oil and krone fuel thousands of jobs

Norway has suddenly found itself enjoying the economic effects of stronger oil prices and its weaker currency, the krone (crown). Just three years after...

Year ended with upbeat statistics

The Christmas and New Year holidays are supposed to be a time for thoughtful assessments of the year that's passed and the one that's...

Hint of higher rates boosts the ‘krone’

UPDATED: Norway's krone has been through another period of extreme weakness during the past week, but it gained strength on Thursday. The boost came...
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