Tag: economy

Rates firm as critics bash oil fund use

The executive board of Norway's central bank has decided, as expected, to keep its key policy rate unchanged at 0.5 percent. Øystein Olsen, governor...

Consumer price index up 3.2 percent

Prices have been rising in Norway, especially for food, just as the state negotiates with farmers demanding even higher prices and state support for...

‘Help wanted’ amidst unemployment ‘crisis’

Norwegian businesses and the public health care sector needs the equivalent of 26,500 people, 5,700 more than last year, according to new labour statistics...

Jensen dips into the oil fund again

Norwegian Finance Minister Siv Jensen announced plans on Wednesday to bolster Norway's surprisingly resilient economy once again, by tapping another NOK 10.4 billion of...

Strong sales stun the doomsayers

Cars sales are up, construction firms are busy, housing prices are higher than ever and unemployment figures are declining, even in some areas of...

Warnings issued over interest rates

High debt levels in Norway combined with a sudden spike in interest rates could quickly hit the country's economy harder than cutbacks in the oil...

Norway copes with a national tragedy

As grim work continued in the aftermath of Friday's helicopter crash near Bergen, Norwegian police could release the identities on Monday of eight of its victims....

Unemployment rate steady at 4.6 percent

Norways's state statistics bureau SSB (Statistics Norway) announced a seasonally adjusted unemployment rate on Thursday of 4.6 percent for February. SSB's numbers showed that...

Soap factory down the drain in Kristiansund

More than 100 years of making soap in Kristiansund were washed down the drain on Tuesday, when the board of the Lilleborg cleaning products unit...

Another job cut alarm sounds in Statoil

Norwegian oil company Statoil may need to cut as many as an additional 500 jobs, reported newspaper Stavanger Aftenblad on Monday. The cuts would...
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