Economy

Unemployment rise stops

The good news comes following some weeks of cuts and redundancies. Norway’s Labour and Welfare Service (NAV) thinks the crisis is called off. Seasonally-adjusted figures show a national unemployment rise of 200 in March compared to last month. Unemployment now stands at 2.9 per cent. This equates to 76,900 people, a rise of 0.2 per cent on the same ...Full Article

Kongsberg maritime technology chosen for Brazil

Norwegian company Kongsberg Maritime has been chosen to deliver substantial technology packages for ten new pipelaying vessels ordered by Brazilian multinational energy corporation, Petrobras. In contracts valued approx. NOK ...Full Article

A good year for the National Oil Fund

The Government Pension Fund Global, also called the Norwegian National Oil Fund, returned 15.9 percent in 2013, due principally to strong stock markets, the annual report shows. Equity investments returned ...Full Article

Norway to continue cooperation with Russia despite conflict over Crimea

A difficult situation which developed in the Russian-Ukrainian relations will not affect cooperation between Russia and Norway in fisheries, matters of ensuring nuclear security and environmental protection, according to ...Full Article

Oil&Gas: More Statoil success in Brazil

Norwegian energy provider Statoil has received formal approval to enter the São Bernardo discovery in Espírito Santo. The discovery further strengthens Statoil’s belief in the oil potential in the ...Full Article

Professor predicts lower Norwegian wages

  Norwegian employees in several companies must be prepared for lower wages in the years ahead, predicts Lars Sørgard at the Norwegian School of Economics.  The professor of social ...Full Article

The underground economy in Norway is second largest in Western Europe

Norway is the worst country in Western Europe after Belgium when it comes to underground crime. The underground economy in Norway comprises NOK 420 billion, or 14 percent of ...Full Article

Oil&Gas: Statoil enters Myanmar offshore

Norwegian energy provider Statoil, together with partner ConocoPhillips, have been awarded a deep-water exploration block in the Myanmar waters of Bay of Bengal. The award represents a new country entry ...Full Article

– The economic picture for Norway may be changing

  In his annual speech on the economic perspectives for the new year, the Governor of the Norwegian Central Bank (Norges Bank), Øystein Olsen said the economic picture for ...Full Article

Central Bank: Key policy rate unchanged

As expected by most analysts, the Executive Board of Norges Bank (The Central Bank) has again decided to keep the key policy rate unchanged at 1.5 per cent.   ...Full Article
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