Tag: economy

Government acts to curb consumer debt

Norway's conservative government coalition, alarmed by the growth of consumer debt in the country, followed through this week on plans to curb it. Three ministries...

Shell cuts another 231 jobs

The oil industry crisis isn't over for the Norwegian subsidiary of Dutch oil company Shell. Its Shell Norge unit plans to lay off 75 full-time employees...

Property tax bills spark more outcry

Several cultural institutions and humanitarian organizations are the latest to be hit by new property tax bills from the City of Oslo that they...

Conservatives gain on Labour’s loss

NEWS ANALYSIS: Prime Minister Erna Solberg's Conservative Party has scored a major gain in the latest public opinon poll, which also logged the worst showing...

Interest rates stay low

The board of Norway's central bank, Norges Bank, opted once again to keep its key lending rate low and unchanged at 0.5 percent on Thursday....

‘Norway Creates Jobs in the US’

Norwegian Foreign Minister Børge Brende flew to Washington DC this past week with a bold and unusual message for the new US Trump Administration and...

Norway’s Oil Fund just keeps growing

Analysts and politicians weren't expecting much, but Norway's huge sovereign wealth fund known as the Oil Fund logged a good year last year. It...

Overall pay growth lowest since the war

Higher prices in Norway cut into the modest pay raises received by Norwegian workers last year. That led to a large decline in purchasing...

Bank boss had to alter annual address

Norway's central bank boss Øystein Olsen had to make some last-minute changes in his important annual address on the economy Thursday evening. Just hours...

Government reins in Oil Fund use

Prime Minister Erna Solberg and Finance Minister Siv Jensen, who have transferred more money from Norway's Oil Fund to the state budget than any...
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