Tag: economy

Central banker draws the elite

Øystein Olsen, governor of Norway's central bank, was once again drawing the country's financial and politial elite to the headquarters of Norges Bank Thursday...

Hydro stock flies as pilot rolls out

Norway's large industrial company Hydro, now mostly an aluminum and metals producer, won kudos from both investors and the prime minister on Wednesday when...

Layoffs and paycuts hit more companies

Norwegian workers in the oil and offshore industry are facing more trauma, while the country's economic growth is slowing to a crawl. Several companies are now...

Commission warns of 65% tax rates

Norway's economic party of the past decade is over, declares a government-appointed commission charged with finding ways to boost productivity. Without a more efficient...

Norway risks a fall into recession

Analysts and top politicians remain optimistic about Norway's economic prospects, but a leading US investment bank now warns there's an 88 percent chance that...

DNB blasted for closing branches

DNB's announcement on Wednesday that it plans to close more than half its branch offices, and lay off 600 employees, has set off protests from...

Aker Solutions snares big new contract

The crisis-hit modifications and maintenance division of Oslo-based oil service firm Aker Solutions got some welcome news on Monday. It won a major contract...

Norway waits for Putin’s next move

Russian President Vladimir Putin was being widely credited or blamed for the sudden rise in oil prices towards the end of this week. With prices...

BP latest to slash oil jobs in Norway

British oil company BP has become the latest oil industry player to relieve itself of costly staff in Norway, to help offset the impact...

Emigration also hits a new record

Record numbers of asylum seekers and other immigrants arrived in Norway last year, but tens of thousands left the country as well. Never before have so many...
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