Tag: economy

Labour defiant as economy recovers

NEWS ANALYSIS: Thursday's decision by Norway's central bank to scrap another interest rate cut illustrates how the country is recovering from the economic shock...

Still no change in key interest rate

Norway's central bank (Norges Bank) seemed to follow the advice of a vast majority of local economists on Thursday in deciding to keep its key...

Home prices go through the roof

Now even real estate agents are sounding the alarms over Norway's rapidly rising prices for single-family homes and apartments. Figures released on Monday show...

Economist quits DNB for NHO

One of Norway's most high-profile economists will be leaving the country's biggest bank, DNB, after 18 years. Øystein Dørum has been wooed over to...

Big ONS oil bash still draws in crowds

Thousands of oil and offshore industry players are converging on Stavanger again this week for the latest Offshore Northern Seas conference (ONS). Predictions that the...

Unemployment rate rises again

Norway's unemployment rate had stopped rising earlier this year and seemed to have stabilized, but new figures from state statistics bureau SSB show that...

Brexit briefing drew a large crowd

Norway's government ministers in charge of business, trade, fisheries and EU issues drew a large crowd on Wednesday when they invited Norwegian companies to...

Pain of job losses acute in Stavanger

Two years after the oil and offshore industry seriously started slashing jobs, the sharp pain of job losses is now really striking many of those out...

Economy ‘bottoms out,’ krone to rise

Norway's biggest bank thinks the Norwegian economy has bottomed out for now, predicting some new growth ahead, less reliance on oil prices and a...

Stronger krone and higher food prices send shoppers fleeing over the border

Norway's currency, the krone, has suddenly regained strength in recent weeks and that, combined with a sharp rise in food prices at Norwegian grocery stores...
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