Tag: economy

Interest rate ‘policy path’ now more uncertain

The Norwegian central bank's decision this week to keep its policy rate unchanged reflects Norway's still-high economic activity and tight labour market with low...

Furniture maker cuts hundreds of jobs

Ekornes, Norway's largest furniture producer, announced it would be slashing its payroll by the equivalent of as many as 190 full-time jobs in Norway...

Norway’s ‘Word of the Year’ reflects hidden inflation

The Norwegians have come up with a word that describes how food producers disguise more inflation by putting less bacon or lefse rolls, for...

Interest rates keep rising

Norway's central bank (Norges Bank) went ahead and raised its key policy rate by another quarter-point on Thursday, and warned it may go up...

Household income under pressure

Most Norwegians now have less disposable income. State statistics bureau SSB (Statistics Norway) reports that it fell 4.3 percent from the second- to third...

Equinor employees earning well

Never before has Norway's state-controlled oil and energy company Equinor logged more profits, and it's passing a sizeable chunk of them on to employees....

DNB now has unhappy customers and employees

Customers of Norway's largest and highly profitable bank, DNB, have long complained about branch closings, poor service and high fees. Now those fees are...

Inflation rate hits 7.5 percent

Prices are rising even faster than Norwegians thought: The latest numbers released Thursday show prices rose an average 7.5 percent in October, compared to...

Cash poised for a comeback

After years of being dismissed as old-fashioned and a security risk, cash may soon re-emerge as a state-mandated means of payment in highly digitalized...

Housing prices fall as rates rise

Norway's central bank raised its key policy rate again on Thursday, amidst news that housing prices keep falling. The market for holiday homes, meanwhile,...
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