Money and Finance

The Government Pension Fund in buying mood

The Norwegian oil revenues continue to fill up the Government Pension Fund although a fragile world economy and turbulent
stock markets in the last years have resulted in reduced investments by the Fund.

Thursday, 20 October 2011 21:44

Key policy rate unchanged

The Norwegian Central Bank (Norges Bank)’s Executive Board has decided to keep the key policy rate unchanged at 2.25 per cent.

Thursday, 20 October 2011 06:35

Norwegians Third Richest in the World

Norwegians are now the third wealthiest people in the world, according to the Global Wealth Report from Credit Suisse.

Thursday, 20 October 2011 06:21

More Retirees Lead to Higher Pension Plans

The baby boomers are getting ready to retire, which means that the annual expenditures for pensions in the Norwegian state budget are in for a dramatic increase.

Tuesday, 11 October 2011 06:31

National Budget 2012 presented

Finance Minister Sigbjørn Johnsen (photo) on Thursday presented the National Budget for next year. Some highlights: Record budget for development aid, with focus on renewable energy and agriculture. (More updates)

Thursday, 06 October 2011 08:59

Higher sales tax on food

In its proposal for the 2012 National Budget, to be presented next week, the Government will increase the VAT on all foodstuffs from 14 to 15 per cent, according to public broadcaster NRK.

Saturday, 01 October 2011 06:32

Increased tax on diesel powered cars

The Government is announcing increased sales tax on diesel powered cars in the coming years, after it has become clear that there is more pollution from diesel engines than previously estimated.

Monday, 26 September 2011 06:51

Key policy rate unchanged

As many analysts had predicted, the Board of the Norwegian Central Bank (Norges Bank) decided to keep the key policy rate unchanged at 2.25 per cent.

Thursday, 22 September 2011 10:12

Increased trade surplus in August

The export of goods in August amounted to NOK 72.1 billion, while imports reached NOK 40 billion. The surplus on trade in goods was NOK 32 billion; over 50 per cent larger than August last year.

Friday, 16 September 2011 06:53

Cheaper food and air travel

Consumer price index (CPI) fell by 0.6 per cent from July to August 2011, mainly due to price falls in food and airline fares. From August 2010 to August 2011the CPI rose by 1.3 per cent.

Saturday, 10 September 2011 07:21