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Saturday, June 25, 2022

Tag: economy

Public sector employment soars

Norway's public sector just keeps getting bigger. The number of employees on the state payroll has jumped by 12,000 since Labour Party leader Jens...

Krone stronger as budget takes hold

Even though it settled down a bit on Friday, Norway's currency ended the week even stronger than it began, not least because of the...

Police, elderly, roads and trains are biggest budget winners

Norway's re-elected left-center government put forth a surprisingly expansive budget proposal on Tuesday that earmarks billions more in funding for the police, nursing homes,...

More signs of business upturn

The Norwegian government believes the global financial crisis is not over, and intends to spend its way out of it. Norway's business community, however,...

Consumer prices take a dive

Prices may seem higher at the grocery store, and high in Norway in general, but Norway's state statistics bureau SSB reports that the country's...

Welfare system under pressure

New statistics show that half of Norway's population now receives some form of welfare payments, from disability or unemployment benefits to child-care assistance. Only...

Norway varies from the norm, again

Companies are calling employees back to work, consumer spending is up, housing prices and the stock market are rising, and fears of widespread unemployment...

Central bank cuts interest rates to their lowest level ever

The Bank of Norway (Norges Bank) surprised the markets on Wednesday when it announced it would cut interest rates yet again, to their lowest...

State spending soars, along with unemployment

Norway's left-center government coalition unveiled a revised state budget on Friday that calls for spending more of the country's oil income than ever before....

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