Tag: economy
Food tax unlikely to be lowered
Norwegians have long had to pay tax on food purchases as well as on all other goods and services. They'll likely need to keep...
Finance minister behind budget blunder
Norwegian Finance Minister Trygve Slagsvold Vedum and his ministry colleagues need to rewrite much of their state budget for 2023, because they underestimated inflation...
Norwegians face even higher prices
NEWS ANALYSIS: Norway's notoriously high prices at the grocery store rose yet again from February 1, and state officials have been busy scolding the country's...
Economic chill may be melting already
NEWS ANALYSIS: There's been no end to the scare-stories in Norwegian media about what a cold and tough year lies ahead for the economy....
Interest rate ‘policy path’ now more uncertain
The Norwegian central bank's decision this week to keep its policy rate unchanged reflects Norway's still-high economic activity and tight labour market with low...
Furniture maker cuts hundreds of jobs
Ekornes, Norway's largest furniture producer, announced it would be slashing its payroll by the equivalent of as many as 190 full-time jobs in Norway...
Norway’s ‘Word of the Year’ reflects hidden inflation
The Norwegians have come up with a word that describes how food producers disguise more inflation by putting less bacon or lefse rolls, for...
Interest rates keep rising
Norway's central bank (Norges Bank) went ahead and raised its key policy rate by another quarter-point on Thursday, and warned it may go up...
Household income under pressure
Most Norwegians now have less disposable income. State statistics bureau SSB (Statistics Norway) reports that it fell 4.3 percent from the second- to third...
Equinor employees earning well
Never before has Norway's state-controlled oil and energy company Equinor logged more profits, and it's passing a sizeable chunk of them on to employees....
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