Tag: economy

Krone sinks to new low against the dollar

Norway's currency, the krone, sunk to a new low against the US dollar on Wednesday afternoon. At around 4:30pm, it was costing NOK 8.60...

Still ‘no crisis’ as more jobs vanish

A new analysis of Norway's job market warns that as many as 200,000 full-time jobs may disappear over the next five years because of the...

More than 100 supply ships laid up

Another six offshore supply ships have been tied up by their Norwegian companies for the foreseeable future, bringing the total number of vessels laid...

Tougher welfare rules put youth to work

Norway's state welfare agency NAV is seeing some positive results from its current process of toughening rules for obtaining benefits. Demands that young welfare recipients...

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...
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