Tag: economy

No sweet Valentine from bank boss

Norway's strong economy and disciplined approach to the management of its oil wealth didn't stop the boss of the country's central bank from sending...

Høyre backs big fortune tax cuts

With the campaign well underway towards national elections later this year, Norway's leading opposition party Høyre (The  Conservatives Party) has proposed making large cuts...

Household debt hits record levels

Norwegian homeowners’ debt levels have skyrocketed over the last eight years, with some now paying down mortgages that are three times larger than average...

Norwegians boost their savings

Norwegians have become better at saving more of their paychecks since the finance crisis hit in 2008. Household debt levels remain high, but Norwegians...

Economy keeps humming along

The Oslo Stock Exchange is off to a good start this year, Norway's currency remains super-strong, unemployment and interest rates are low and now...

Diaper smugglers raid local stores

Norwegian babies may have been born under a lucky – and rich - star, but as supermarket rivalry drives nappy prices down, shops are...

‘EEA agreement remains firm’

Norwegian Prime Minister Jens Stoltenberg has confirmed that the country's main pact for doing business with the European Union (the EEA-agreement, or EØS-avtalen) remains firm...

Multinational firms avoid paying tax

Many multinational corporations operating in Norway have been avoiding paying taxes by using creative accounting and loopholes in the tax system. Norwegian politicians are...

Oil fund may triple 2013 bonus payments

Bonus payments made this year to external managers of Norway's huge so-called "oil fund" may be triple the amount initially estimated in 2012. The...

Banks face potential rate scandal

Norwegian banks are facing claims by several international financial institutions that they've been manipulating their interbank lending rates. Norway's central bank, Norges Bank, is...
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