Money & Finance

Money and Finance

Increasing trade surplus for Norway

Norway's trade surplus for June reached NOK 18.9 billion, 4.8 billion higher than in June last year. The high price for oil and increased fish exports are the main reasons.

Norway leads in tax reductions

Norway is the country which last year carried out the greatest tax reductions, according to the financial magazine Forbes. The figures are based on the gross national product.

IMF commends Norwegian economic policy

The International Monetary Fund (IMF) has commended Norway for its economic policy. Norway has avoided the problems often encountered by countries with a large fortune from oil, the IMF says in a report.(Photo: Norwegian Finance Minister Per Kristian Foss)

Strong increase in Norwegian exports

There is a strong increase in the export of goods from Norway. In May the export was 22.5 per cent higher than in the same month last year. The trade balance showed a surplus of NOK 23 billion..

Central Bank: Interest rates up 0.25 points

The Norwegian Central Bank has raised the interest rate by 0.25 percentage points, from 1.75 to 2.00 per cent. This was announced following the bank's board meeting on Thursday. This is the first rate hike in three years.

Fewer have payment problems

Only four per cent of Norwegian households have had problems paying their bills over the past year. This is a reduction by nearly 50 per cent since the beginning of 2003..



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