Tag: economy

Euro sinks to new low against krone

More bad economic news from Spain sent the value of the Euro to its lowest levels against the Norwegian krone for nearly 10 years...

Trade surplus hits new high

Norway's trade surplus was higher than ever before during the first half of this year, even though the price of oil and the amount...

Another boat builder bails out

Norwegian boat builder Windy Boats has become the latest Scandinavian manufacturer of pleasure craft to move production abroad, to combat high costs. Around 50...

Norwegian workers work a lot

Most Norwegians enjoy relatively short workdays, at least five paid weeks of holiday a year and generous provisions for paid leave because of illness,...

Calls rise for less oil sector activity

Unhappy oil rig workers aren't the only ones calling for a reduction in the tempo of oil exploration and production on Norway's continental shelf....

Government keeps oil and gas flowing

Labour Minister Hanne Bjurstrøm claims she had little choice but to step in during the night and head off an oil industry lock-out that...

Lock-out loomed at Norwegian rigs

Norway's oil and gas production faced shutdown this week, if oil industry officials went through with their threat to lock out all workers from...

Rig workers slam threatened lock-out

Leaders for oil rig workers who are striking over lost pension benefits were furious on Thursday after their employers threatened to shut down all...

Airlines face off with new routes

Scandinavian Airlines (SAS) and its arch rival in Norway, Norwegian Air, are both planning new routes when intercontinental competition heats up next year. The...

Mediation failed to settle oil strike

A strike by oil service workers in the North Sea entered its 12th day on Thursday, after attempts at mediation failed Wednesday evening. The...
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