Tag: economy

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...

Statoil may move many jobs abroad

Statoil, still Norway's biggest company, is now seriously evaluating whether to move hundreds of administrative jobs to a lower-cost "business center," probably in an eastern...

Sverdrup fuels oil fortunes again

Norway's huge new Johan Sverdrup oil field has once again revived sagging spirits in the country's oil and offshore industry. Just a day after...

Oil fund tapped, but ‘krone’ was stable

Never before has a Norwegian government tapped so much of its oil revenues for use in a state budget, but the actual amount (NOK 194...

‘Expansive’ budget despite lower taxes

The Norwegian government's new state budget proposal for 2016 was rolled out on Wednesday amidst finance ministry claims it will lower taxes for nine...

State budget aims to ‘meet challenges’

Finance Minister Siv Jensen unveiled the government's enormous proposed state budget for next year, claiming it will "answer the challenges we face today." She...

New light amidst economic gloom

Record-low interest rates, a weaker but far more competitive currency and even prospects for increased defense spending are shedding some new light on Norway's sudden economic gloom....
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