Tag: economy

Economic slowdown hits immigrants

Fewer labour migrants from Europe are arriving in Norway, and immigrants already in the country are among the first to be losing their jobs as the country's...

More welfare in revised budget

Finance Minister Siv Jensen was offering more state funding for social welfare programs as she rolled out the government's revised state budget on Tuesday. The extra money was widely...

Central bank defies predictions again

The board of Norway's central bank once again defied the predictions of economists and analysts by refusing on Thursday to further reduce its already record-low key...

Unemployment jumps on oil job losses

Norway's unemployment rate has been low for years, but it's now rising and not least because of the jobs that are disappearing in the...

DNB, Hydro profit amidst concerns

Not all of Norway's companies are reporting dismal profits this week, as a flood of first-quarter results were being announced. Norway's biggest bank, DNB, logged...

Politicians strike back at oil critics

Several state politicians have fired back at 200 artists, researchers, authors and other members of Norway's cultural elite, who have called for a halt to...

Doubts arise over oil job creation

Government claims that the huge new Johan Sverdrup oil field will create as many as 51,000 new jobs in Norway are now being drawn into...

Oil industry hits a mid-life crisis

Norway's oil industry has just passed an important 50th anniversary but there wasn't much mood to celebrate. The industry finds itself grappling with a dive in...

Statoil engineers face new job cuts

More job cuts loom at Norway's biggest company, Statoil, as it tries to slash costs in the face of much lower oil prices. All of its 12,000...

Stock exchange record tied to low interest rates

Tuesday's burst of activity on the Oslo Stock Exchange was being linked on Wednesday to low interest rates and the attractiveness of companies benefiting...
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