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Wednesday, June 17, 2026

Tag: economy

Unemployed may need to relocate

Norway's state welfare agency NAV is bracing for a rush of applications from laid-off workers filing for unemployment benefits. NAV predicts another 10,000 Norwegians will register...

Foreign aid funds tapped for refugees

Prime Minister Erna Solberg confirmed on Friday that her government wants to use NOK 4.2 billion from its foreign aid budget to help meet the...

Searching for the Oil Fund’s soul

NEWS ANALYSIS: Since its inception around two decades ago, Norwegians have arguably had a love-hate relationship with their huge so-called "Oil Fund" that invests...

Profit dive fuels more Statoil cuts

Statoil boss Eldar Sætre warned on Wednesday that Norway's biggest company would need to keep cutting costs and reduce investment, after reporting third-quarter profits that were half...

Government tackles rising jobless rate

Another 9,000 people were registered as out of work in Norway by the end of September, prompting state statistics bureau SSB (Statistics Norway) to...

Krone weakens as oil price tumbles

UPDATED: Norway's currency, the krone, continued to weaken on Wednesday after the price of a barrel of Norway's North Sea crude oil dipped below USD...

DNB cuts back despite profits

The chief executive of Norway's biggest bank, DNB, claimed that he runs the "strongest bank in the world," after reporting more record-high profits this week....

Oil industry cutbacks also cut the ‘julebord’

After years if not decades of throwing lavish Norwegian Christmas parties for their employees, downsized oil companies are also cutting back on the traditional parties known...

200 lose jobs in shipyard bankruptcy

The bankrupcy filing this week of Noryards Fosen shipyard in Trøndelag will throw another 200 people out of work, the latest casualities of the slowdown in...

Housing prices ‘will keep rising’

Norway's economic downturn may already have bottomed out, except in the Stavanger area, according to fresh prognoses released on Wednesday. Regional differences are expected...
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