Tag: economy

Loan demand falls with housing sales

Construction cranes remain a common sight in the Norwegian capital, but homebuilders have seen a dramatic sales decline in recent months and home loan...

Oil Fund caught in a power struggle

The head of Norway's central bank, Øystein Olsen, and the man running the central bank's unit in charge of managing Norway's huge Oil Fund,...

Critics blast lack of Oil Fund ‘buffers’

Norway's huge sovereign wealth fund known as the "Oil Fund" is far too vulnerable to swings in the financial markets, argue critics. They claim...

Triumphant Siv strides ahead

NEWS ANALYSIS: Warnings of an "autumn storm" breaking out in the Norwegian Parliament this week were premature. After a roughly 18-hour workday that began...

Jensen presents a ‘budget for growth’

Transport, defense, health and education emerged as the winners in what commentators described as the government's "neutral" state budget for 2018. Finance Minister Siv...

Minister resists oiling the budget

Finance Minister Siv Jensen has long been a proponent of investing more of Norway's oil wealth at home, and dipping into it in times...

Housing price fall turns into a dive

New figures released by Norway's national real estate brokers' association on Wednesday show prices declining and even diving in some areas. Average prices in...

Norway’s economy pumping up again

Norway was wallowing in good energy-related news on Tuesday that's expected to further fuel its economic recovery. The country stands to gain from a...

Norwegians earning less and spending more

Norwegians haven't saved so little of their household income since 2010, according to new numbers compiled by state statistics bureau SSB (Statistics Norway). The...

Interests rates to remain low

Norway's central bank board agreed once again on Thursday to leave its key policy rate at 0.5 percent. Interest rates haven't been raised or lowered...

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