Tag: economy

Solberg wraps up her ‘toughest’ time

Norway's premier Erna Solberg is clearly hoping to finally have some time off over the upcoming Christmas holidays. She admitted on Thursday, at an annual...

Statoil keen to slash more jobs

Statoil, Norway's biggest company, launched another effort to reduce staffing on Tuesday when it offered severance packages to everyone in the company. Statoil aims to cut its...

Swedes start to head for home

The major influx of young Swedes who've moved to Norway to find higher-paying jobs seems to be ebbing out. After 10 years with strong...

‘Krone’ dives after oil prices sink again

Norway's already weakened currency, the krone, took a new dive on Tuesday, falling to its lowest level against neighbouring Sweden's kronor in 20 years....

Storm hit region already suffering

The storm and flooding that severely damaged wide areas of southwestern Norway over the weekend hit a region already swamped by job losses and financial...

Unions warn of new labour ‘underclass’

As Norway's unemployment rate rises, labour union leaders are warning that the arrival of thousands of refugees who also need jobs can create a new...

Expats hit again as jobless rate rises

The numbers of people without jobs in Norway continue to rise, with state welfare agency NAV reporting another increase in those registering themselves as...

Mining company declares bankruptcy

As many as 400 people lost their jobs in Norway's northernmost county of Finnmark on Wednesday, after Sydvaranger Gruve AS announced that it was filing...

Budget battle turns tougher than ever

It's been called the most "explosive political drama" to play out in Prime Minister Erna Solberg's government yet. A series of unsuccessful meetings this...

Norges Bank: ‘No interest rate cut’

The executive board of Norway's central bank, Norges Bank, has decided against another cut in its key lending rate, at least for now. Despite...
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