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Sunday, June 7, 2026

Tag: economy

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....

Layoff notices to NAV have tripled

NAV, Norway's state welfare agency that processes everything from pensions to unemployment benefits, has reported that local employers have warned them of upcoming layoffs...

Jotun thrives with weaker krone

Low oil prices and a strong dollar against Norway's weak krone have been setting off turbulence in the Norwegian economy, but at least one company...

Krone falls on interest rate cut

The value of Norway's currency, the krone, took another dive on Thursday after the country's central bank cut its key lending rate again by a...

Aker firm may cut another 800 jobs

Between 500 and 800 employees of the oil service company MHWirth in Kristiansand may lose their jobs, the head of the company's owner said...
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