Tag: economy

Immigrants’ income varies widely

The median income of British and Danish immigrants in Norway is higher than that for the country as a whole, while immigrants from Somalia rank...

Weaker krone hits holiday makers

July is typically the time when many Norwegians head abroad, seeking sun and relaxation in warmer, cheaper southern European countries. This summer's holiday may be...

‘Paradise’ lost for euro crisis refugees

"In Spain they talk about Norway as a 'paradise,'" 34-year-old Tatiania Espinosa told Norwegian Broadcasting (NRK), but the reality turned out to be much different. Espinosa...

Low interest rates to offset oil losses

NEWS ANALYSIS: The Norwegian central bank's decision this week to keep interest rates low is rooted in a sobering but now widespread prediction for...

Interest rates to ‘remain low longer’

Norway's central bank decided on Thursday, as expected, to keep its key lending rate unchanged at 1.5 percent. The bank's executive board saw no...

More media cuts loom

Norwegian newspapers are losing readers at a more alarming rate, as the media crisis finally seems to be reaching Norway with full force. Several...

Confidence high, but jobs falling

New figures show the number of vacant jobs dropped dramatically in Norway over the past year, making competition more fierce and signalling tougher times....

Champagne consumption bubbles over

Corks were popping during the weekend, and new figures show how Norwegians increasingly turn to champagne, cava and other bubbly beverages to toast good...

Interest rates to stay steady

Norway's central bank (Norges Bank) will leave interest rates unchanged at 1.5 percent, and does not anticipate a rate rise until the summer of...

Retirees face losing their discounts

Thousands of Norwegian seniors are starting to lose their traditional discounts on everything from cinema tickets to public transportation, or at least see them...
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