Clear growth in total investments
However, the growth is expected to be less strong in 2012. Total investments in 2011 covering manufacturing, mining and quarrying and electricity supply are expected to amount to NOK 37.4 billion measured in current value. The estimate is 9 per cent higher than the corresponding result for 2010. Strong figures for investments in electricity supply are the main reason for this development. However, investments in manufacturing also seem to be growing. Estimates for 2012 show weaker growth in total investments. (Press release)
Sunday, 04 December 2011 09:05
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Total investments in Norwegian manufacturing, mining and quarrying and electricity supply will be higher in 2011 than in 2010, Statistics Norway (SSB) reports.
As expected by most analysts, the Executive Board of the Norwegian Central Bank (Norges Bank) has decided to keep the key policy rate unchanged at 1.5 percent.
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The Governor of the Norwegian Central Ban, Øystein Olsen, surprised most experts when he announced that the Bank's Executive Board had decided to reduce the key policy rate by 0.25 percentage point to 1.50 per cent.
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Militant Islamists are still Norway’s biggest threat, but computer hacking can soon be compared to traditional warfare, says the Norwegian Intelligence Service.
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At the ASEM (Asia-Europe Meeting) Senior Officials' Meeting in Copenhagen this week it was decided that Norway would be admitted to the forum.
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Norway has transferred NOK 240 million in budget support to the Palestinian Authority (PA). Norway is one of the first donor countries to transfer its contribution for 2012.
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Minister of the Environment and International Development Erik Solheim has announced that the Government has decided to cancel around NOK 20 million of Côte d’Ivoire’s debt to Norway.
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In his annual address to Norges Bank's Supervisory Council, the Governor of Norway's Central Bank, Øystein Olsen advised the Government to reduce the spending of Norway's annual revenue from the National Oil Fund from 4 per cent to 3 per cent.
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71,500 were out of work in Norway at trhe end of January. This is a drop by 12 per cent since January last year. The unemployment rate in Norway is now at 2.8 per cent, the lowest in Europe.
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Norway has offered to lend more money to the IMF, in addition to the earlier offer of up to NOK 55 billion (equivalent to 7 billion Euros), as a bilateral loan, Dagens Næringsliv reports.
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The value of Norwegian exports of military equipment was almost identical for the years 2010 and 2011, coming to a total of NOK 2.6 billion per year.
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Erna Solberg, leader of the Conservative Party (Høyre), (photo) criticizes Labour Party Prime Minister Jens Stoltenberg’s use of the Norwegian Sovereign Wealth Fund.
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Salary moderation is a critical contributor in order to avoid an economical crisis like the one in the Euro zone, according to Erna Solberg, leader of the Conservative Party (Høyre).
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Nearly fifty per cent of Norwegian industrial firms believe they will have higher income in 2012 than last year, despite uncertainty and unrest in the international economy, according to TNS Gallup.
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Norway has offered up to NOK 55 billion (equivalent to 7 billion euros) to the International Monetary Fund, as a bilateral loan to contribute to stabilising the European and international economy. (Photo: Prime Minister Jens Stoltenberg)
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