Tag: economy

Norway can win on its weaker krone

Norway's oil sector may be slumping along with oil prices, but lots of other Norwegian companies are benefiting from the recent plunge in the...

‘Still no crisis’ as krone falls again

Norway's krone plunged on Tuesday, a day that currency brokers were referring to as "historic" for Norwegian exchange rates. The dive was blamed on another fall in oil...

Oil sector cutbacks hit hotels

Hotel room revenues fell by 22.4 percent in Stavanger last month. Norway's oil capital has been experiencing an increase in hotel capacity just as...

Jensen ready to readjust economy

Finance Minister Siv Jensen, reacting to Thursday's surprise cut in interest rates, claimed Friday that no one should be surprised that the Norwegian 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...
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