Tag: economy

Competitiveness improves

Norway ranks 11th in the world in terms of competitiveness, according to a new survey from the World Economic Forum. That's up from 15th...

Oil prices soar over Syrian crisis

Norwegians woke up to a sharp rise in oil prices on Wednesday, after traders reacted to the potential for a western military strike on...

Housing starts dive, prices ‘top’

Costs and prices for new housing units have risen so high in Oslo that sales of new units on the drawing board have plummeted...

Many support cuts in state welfare

A majority of Norwegians say they're willing to accept reductions in the country's state welfare programs, from less sick leave pay to cuts in...

Tough times in the timber industry

One of Norwegian forest owners' most important local customers will be going out of business this weekend, when the Södra Cell Tofte cellulose firm...

Oil fund boss lands on powerful list

Yngve Slyngstad, who heads Norway's huge sovereign wealth fund fueled by the country's oil revenues, has been ranked as the world's third most-powerful investor...

New government may split oil fund

Norway's enormous sovereign wealth fund, known as the "oil fund," looks set to be split up into several different funds if a new, non-socialist...

Arctic community looks to the light

VARDØ: While Norwegians make the most of their short summer, hardy citizens of this small island city up in Norway's far northeast can't claim...

Forest products firm to shut down

Efforts to save what once was a major pulp mill on the Hurum peninsula southwest of Oslo have failed. The Swedish owner of the...

Tax refunds used to reduce debt

Nearly half the Norwegian population received tax refunds averaging NOK 10,000 (USD 1,600) last week, but there aren't many signs they went on shopping...
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