Tag: economy

Norway welcomes Iran nuclear pact

Norwegian Foreign Minister Børge Brende was praising a landmark agreement reached on Thursday between Iran and a group of the world's most powerful nations that...

Oil companies slash expenses, travel

Cutbacks in the oil and gas industries are seeping into other areas of the Norwegian economy, as companies slash costs for travel, representation and...

Oil workers seek more secure jobs

Norway's oil industry is no longer pumped up by profits or the confidence that comes with job security. The good times abruptly stopped rolling...

Unions agree to forego wage hikes

This year's first phase of annual wage negotiations between Norwegian trade union federations and employer organizations ended with an historically low settlement for key...

No cut in rates, krone rebounds

UPDATED: Norway's central bank defied the expectations of analysts and economists on Thursday, with its board opting against another cut in its key lending...

Strict new lending rules unwelcome

Real estate brokers, bankers and borrowers alike are not laying out the welcome mat for strict new residential lending rules proposed by Norwegian finance regulators. The new...

Oil fund kept rising as oil prices fell

Oil prices are down, but the value of Norway's huge sovereign wealth fund known as the oil fund keeps growing. Experts weren't as pleased...

Debt levels worry finance minister

Norway's economy doesn't face any crisis, Finance Minister Siv Jensen has said, but she's growing increasingly worried about household debt levels in the country. Ever-rising...

Work rules eased, no one pleased

UPDATED: Neither the labour movement nor employer representatives were happy after Norway's conservative two-party government struck a deal Thursday with its support parties in...

Dollar hits new high against the krone

For the first time in 13 years, the US dollar was trading at just over NOK 8 on Tuesday. The move reflects an ongoing...
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