Tag: economy

Interest rates moving up

Norges Bank raised its key lending rate for the first time in five months on Wednesday, in an effort to keep inflation and economic...

Unemployment rate ‘artificially low’

Norway has been boasting the lowest unemployment rate in Europe for months, but researchers now suggest the real numbers of Norwegians out of work...

Festive May Day despite chilly rain

Thousands of champions of Norway's social welfare state defied cold, wet weather on Saturday to march through the streets and celebrate the working folks....

Consumption declines again

Ola and Kari Nordmann, the Norwegian equivalents of the typical John and Jane Doe, haven't been willing to spend much of their money lately....

Still no hike in interest rates

The board of Norway's central bank, Norges Bank, opted to keep the country's key lending rate at its current level, 1.75 percent, on Wednesday....

Finnmark starts seeing the light

After another long, dark winter, the light seems to be returning to Norway's northernmost county of Finnmark in more ways than one. The vast,...

More bad numbers from Norsk Hydro

Norwegian industrial concern Norsk Hydro, now mostly a metals producer, is finally enjoying a rise in aluminum prices, but they're coming too late to...

GNP drops for first time in 20 years

Norway's state statistics bureau SSB reported Thursday that the country's gross national product (GNP) fell 1.5 percent from 2008 to 2009, when measured in...

What's ahead for Norway in 2010

Higher unemployment, rising interest rates, more criticism of the social welfare system and debate over steadily increasing sick leave: That's what authorities expect in...

Central bank raises interest rates

Norway's central bank announced Wednesday that it was raising interest rates another quarter-point, meaning most commercial lenders will raise their rates as well. Economists...
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