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Saturday, June 6, 2026

Tag: economy

Krone took a dive as rates dropped

It cost more than nine Norwegian kroner to buy a euro on Thursday, after Norway's central bank cut its key interest rate. Norway's currency fell in...

Interest rates cut to offset decline

Norway's central bank board answered recent calls to lower interest rates on Thursday, in the face of what one economist called a "considerably weaker outlook for...

Oil shares and krone plummet in value

UPDATED: The value of the Norwegian krone, the Norwegian state oil company Statoil  and many other oil-related firms all took a dive on Friday after...

Big shipbroker merger looms

One of Norway's major ship brokerage firms, RS Platou, looks set to be taken over by Clarkson of London, in a deal that could...

Job losses loom at Egersund yard

UPDATED: Norwegian industrial firm Aker Solutions may need to let around 1,500 contract workers go at its offshore yard in Egersund on Norway's southwest coast...

Weaker currency hits importers

For years, Norwegian exporters complained that Norway's currency, the krone, was much too strong. The value of the krone has since weakened considerably, falling in...

Oslo Exchange logs busiest month ever

Never has there been so much share trading in Norway as there was last month. The Oslo Stock Exchange (Oslo Børs, OSE) sent out...

Falling oil prices keep interest rates low

Norway's central bank decided once again on Thursday to keep its key lending rate at its low level of 1.5 percent, with many analysts...

Statoil plans to slash more jobs

Norway's state oil company Statoil, faced with falling oil prices and rising costs, reportedly plans to cut another 500 jobs on its offshore platforms....

Cuts hit economy, boost environment

The major cost- and job-cutting now going on within Norway's oil and offshore industry "will be felt throughout the entire national economy," claims one...
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