Money and FinanceBusiness - Money and Finance  The Ministry of Finance has excluded the Chinese company Dongfeng Motor Group Co. Ltd from the Government Pension Fund - Global. The company sells military trucks to Burma.(Photo: Minister of Finance Kristin Halvorsen)
Monday, 16 March 2009 09:02
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The latest figures from Statistics Norway (SSB) show that the price growth in Norway is higher than expected. This may make it more difficult for the Central Bank to make further cuts in interest rates, experts say. 
The Norwegian Government on Sunday presented its latest financial aid package aimed at stabilising the Norwegian economy, the so-called "Bank-Package", which calls for establishing two new funds with a total capital of NOK 100 billion.(Photo: Minister of Finance Kristin Halvorsen) 
As expected, the Executive Board of the Norwegian Central Bank (Norges Bank) on Wednesday decided to reduce its key policy rate by 0.50 percentage points to 2.50 per cent. (Photo: Norges Bank Governor Svein Gjedrem) 
Based on a recommendation from the Council on Ethics for the Government Pension Fund – Global, the Ministry of Finance has excluded the American company Textron Inc. Corporation and the Canadian mining company Barrick Gold Corporation from the Fund.(Photo: Finance Minister Kristin Halvorsen) 
Top chiefs of several of Norway's largest banks have announced a freeze on their own salaries for this year. Among them are Rune Bjerke(photo) of DnB NOR og Terje Vareberg of Sparebank 1 SR- Bank, NRK reports. 
The Govenment on Monday presented an aid package worth NOK 20 billion to support the Norwegian economy. - It's the strongest measures to assist the Norwegian economy in 30 years, and we will present further measures if neededsays Prime Minister Jens Stoltenberg.(With new material) 
