Tag: economy
Interest rates start moving up
Norway's central bank raised interest rates for the first time in more than a year on Wednesday, citing a slight rise in consumer prices...
Thousands more are now millionaires
Norway has 28,000 new millionaires, measured in terms of the Norwegian krone and according to tax lists released by the state. It's more proof that...
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...
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