Tag: economy

Rental rates jump with home prices

Not only are the prices for residential real estate hitting record levels in Norway, so are rental rates. After a quiet spring, rental rates...

Warnings issued over consumer loans

Collection agencies in Norway have been busy this year, with the numbers of Norwegians defaulting on high-interest consumer loans rising dramatically. Young borrowers figure...

Unemployment declined in July

Norwegian state welfare agency NAV has registered another slight deline in unemployment during the past month. The number of residents registered as wholly without...

Hurtigruten owners poised to profit

The British investment fund that bought up 90 percent of the shares in Norway's famed coastal shipping line Hurtigruten may see the value of...

Statoil eyes new cuts in North Sea

Norwegian oil company Statoil will have slashed its costs by around NOK 2.5 billion a year when it wraps up its so-called STEP efficiency program at the...

Statoil’s loss sends its shares tumbling

Norway's largest company, state-controlled oil firm Statoil, released results Wednesday morning that were "much, much worse than expected," sending chills throughout the market and the country's...

Prices rise more than expected

Norway's consumer price index (CPI) rose 3.7 percent in June, compared to the same month last year, and that surprised economists and analysts at...

DNB loan losses ‘shocked’ market

Norway's biggest bank, DNB, has been logging huge profits for years but is now feeling the effects of the dive in oil prices. The pain...

Real estate prices soar to ‘sick’ levels

Housing prices in Norway have never been higher, and now they're so high that the International Monetary Fund (IMF) is repeating warnings that debt...

Brexit prompts more warnings

Prime Minister Erna Solberg and Foreign Minister Børge Brende aren't the only ones warning against any changes in Norway's own agreement with the EU...
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