Tag: economy

Solberg: Norway ‘can’t be mediocre’

Good education is the key to maintaining Norway's prosperous welfare state, as the country moves towards a less oil-driven economy. To that end, talks...

Construction fall an economic red flag

Economists and industry analysts warned a sharp downturn in the Norwegian construction industry is likely to have a serious affect on the wider economy....

Evictions soar in line with debt levels

Court-ordered evictions in Norway have doubled since the finance crisis hit in 2008, and never before have authorities handled so many forced sales of...

Holiday shopping set new record

A consumer study done shortly before the Christmas holiday shopping season began found that many Norwegians had no specific gift wishes. More than NOK...

Seabed may yield more than oil

A new study has revealed massive gold, silver, copper, zinc, cobalt and lead deposits in the seafloor within Norway's economic zone. Researchers from the...

Norway’s currency may take a dive

A highly respected currency expert at Japanese securities firm Nomura in New York has issued a few warnings about the future value of the...

More pay for household help

The portion of Norwegian households that pay for help to keep the house clean has tripled during the past 13 years, according to a...

Real estate tycoon gives fortune away

Olav Thon, the 90-year-old real estate mogul who also founded the Thon Hotels chain, delivered quite a Christmas present on Tuesday that takes his...

New oil discovery comes amidst cuts

Just as the Norwegian government is being urged to slow down the pace of offshore oil and gas production comes news that state-controlled Statoil...

Bankruptcies rise as home prices fall

Just as real estate brokers are reporting year-on-year declines of as much as 5 percent or more on the prices of homes in Norway,...

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