Tag: economy

Extra billions flowed into state treasury

Finance Minister Sigbjørn Johnsen suddenly found himself with tens of billions of extra kroner as the New Year began, that he hadn't expected. He...

Firms brace for tough year ahead

Norway's economy has weathered the storms of the past three years but most Norwegian companies are preparing for what some fear may be crisis...

Labour rejects trade pact threat

Foreign Minister Jonas Gahr Støre of the Labour Party has firmly rejected a move by one of his own government partners to trash Norway's...

Stores notice fall in holiday sales

Norwegian consumers seem to be more careful with their holiday shopping this year, and sales have slipped in comparison to last year. Economists, though,...

‘We’re crying with our clients’

Several top maritime lawyers who serve Norway's shipping industry are working even longer days than usual, as miserable shipping markets wreak havoc with the...

Central bank cuts interest rates

UPDATED: The executive board of Norway's central bank (Norges Bank) cut its key lending rate by a full half-point on Wednesday, because of concerns...

Aker chose ‘The Tromsø Solution’

The northern city of Tromsø was celebrating after industrial firm Aker Solutions chose what it called "The Tromsø Solution" for its Arctic base of...

Shopping season clicks into gear

Parking lots were full at many shopping centers in Norway through the weekend, with retailers legally allowed to stay open on Sunday during the...

Banks reluctant to cut dividends

Norway's central banker and its finance minister have called on the country's commercial banks to boost their own capital, to better meet financial turmoil....

Norwegians lining up for food

Lines at soup kitchens aren't just occurring in crisis-struck countries in southern Europe. Some people are waiting more than four hours for food handouts...
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