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Saturday, 14 August 2010 07:39
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The Government Pension Fund Global - also known as the National Oil Fund - reports a 5.4 per cent (NOK 155 billion) negative return in the second quarter, caused by a decline in global equity markets.
As expected, the Executive Board of the Norwegian Central Bank (Norges Bank) on Wednesday decided to keep the key policy rate unchanged at 2 per cent.
After a delay of more than a year, Norway and the EU have reached agreement on a financial contribution of close to NOK 15 billion for the period 2009–2014, for the Union's newest member states. (Photo: Foreign Minister Jonas Gahr Støre)
Norwegian Finance Minister Sigbjørn Johnsen warns that there will be an increase in wealth tax for those with much capital and assets, while those with less wealth will pay less.
Three out of four customers never or very seldom visit their bank. Even the senior customers now do their banking via the Internet, according to a new survey made by TNS Gallup.
