Tag: economy

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...

More Norwegians can’t pay their bills

Growing numbers of retired Norwegians, along with many in high income brackets, now represent the fastest-growing segments of the population that have gotten into trouble for failing...

Law firm addresses rights of foreign workers

After years of economic growth, downsizing has become alarmingly common among Norwegian businesses reeling from the sharp decline in oil prices. A law firm in...

Tourism booms as economy weakens

Amidst all the recent concern over falling oil prices and rising unemployment, Norway's important tourism industry is reporting a banner year. Hotels and, not least,...

Oil price dive hits SAS in Norway

Scandinavian Airlines (SAS) reported major improvements in its third-quarter results but admits it's struggling with the economic downturn in Norway caused by the dive in...

Housing prices hit highest level ever

Even though unemployment is rising and Norway's economic boom is fizzling, housing prices hit their highest level ever in August. They rose another 2.5...

Laid-off expats get some legal advice

STAVANGER: At least two members of the sombre seminar audience were holding hands, while others sought comfort in some gallows humour. All of them,...
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