Tag: economy

Svalbard grapples with great change

It's cold again now, but residents of Norway's Arctic island group of Svalbard were basking in highly unusual temperatures on New Year's Eve that resembled...

Statoil warns of ‘bad’ oil market

Statoil's chief executive Eldar Sætre has issued a new warning that the market for oil can be "really bad for a long time," after the...

New oil price dip hits krone again

As the price for a barrel of Norway's North Sea crude oil sunk once again on Wednesday, so did the value of Norway's currency,...

Airbnb, Uber come in from the cold

Finance Minister Siv Jensen and Norway's biggest employers' organization, NHO, are warming up to innovative new aspects of the "sharing economy" like lodging service Airbnb...

Norwegians brace for a leaner year

For the first time in years, prices may rise more than paychecks in Norway, while unemployment edges up. That means leaner but not necessarily...

Oslo Stock Exchange defies oil price dive

Despite the economic turbulence in Norway that's been fueled by the dive in oil prices, the Oslo Stock Exchange could report an overall increase...

‘Green growth’ predicted for 2016

Researchers think 2016 will be the year that mainland-based businesses and services in Norway will start growing again, with renewable energy ventures finally showing some...

Shopping season showed sobriety

It's been another rollicking pre-Christmas party season in most Norwegian cities, but local residents have been more subdued when it comes to spending money....

Statoil caught in dividend debate

Statoil announced some major new investment in one of its North Sea oil fields on Friday, welcome news for the oil and gas industry...

Krone strengthens on stable rates

Norway's volatile currency, the krone, immediately strengthened against the US dollar and other currencies Thursday morning, after the country's central bank opted against lowering...
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