Tag: economy

New state budget due to be tight

Norwegian Finance Minister Sigbjørn Johnsen oversees one of the strongest national economies in the world right now, but still warns that he intends to...

Immigrants come looking for work

Immigrants from the European Union (EU), the US, Canada, Australia and New Zealand made up fully two-thirds of the roughly 50,000 persons who arrived...

Oil fund expert exports his expertise

Martin Skancke, long known as the brains behind much of the success of Norway's so-called "oil fund," has resigned from his top post in...

Analysts predict new oil ‘bonanza’

News of a major oil discovery and a huge drilling rig deal this week has fueled expectations that Norway's oil and offshore industries are...

Statoil finds more oil in North Sea

Norwegian state-controlled oil company Statoil announced Tuesday that its latest discovery in the North Sea can be even bigger than officials thought when it...

Oil fund continues to suffer

Norway's sovereign wealth fund, known officially as the “Government Pension Fund – Global” and unofficially as the “oil fund,” continues to lose value in...

Bank worker swindled 5.5 million

A former employee of Norwegian bank DnB NOR has confessed to gross embezzlement, fraud and falsification of documents that amounted to NOK 5.5 million...

Key suspects reject Nordea fraud guilt

Several of the five suspects in the Nordea fraud case, one of the biggest such cases in Norwegian history, began answering questions in an...

Interest rates unchanged as stocks fall

The Norwegian central bank, Norges Bank, has decided to hold interest rates at 2.25 percent in light of continuing global economic uncertainty, despite having...

Stock Exchange rallies despite fears

Norwegians have begun predicting the possible consequences of the unfolding drama in international markets for the country, as the Oslo Stock Exchange itself put...
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