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Tuesday, 28 May 2013

Money and Finance

Johnsen is too optimistic

Business - Money and Finance

The finance minster is too optimistic on behalf of the Norwegian economy, says chief economist with Terra-gruppen, Jan Andreassen.

Wednesday, 12 May 2010 08:12

Norway owns rotten Greek debt

Business - Money and Finance

Greek state bonds have been degraded to junk status. The Norwegian Petroleum Fund has NOK 10 billion invested in these bonds.

Thursday, 06 May 2010 07:26

Better than expected from DnB Nor

Business - Money and Finance

Norway's largest bank DnB Nor has cut losses and has reported a result after taxes for the first quarter 2010 of NOK 2.9 billion, well above the NOK 2.25 billion expected by most analysts.(Photo: CEO Rune Bjerke)

Friday, 30 April 2010 07:11

Nordic loans to Iceland

Business - Money and Finance

The Nordic countries – Finland, Norway, Sweden and Denmark – support Iceland’s efforts for economic recovery by providing bilateral loans totalling 1.775 billion Euro (NOK 14 million).

Wednesday, 21 April 2010 06:53

New wage agreement - strike averted

Business - Money and Finance

After 10 hours of extended mediation, a new wage agreement was reached on Sunday between the trade union Felleforbundet and Norsk Industri, thus avoiding a major nationwide strike.

Monday, 12 April 2010 06:52

Record growth for Norwegian economy

Business - Money and Finance

The Norwegian mainland economy has grown by more than four per cent over the last 15 years. This is twice as high as in the EU member nations, according to figures from the Department of Finance.

Tuesday, 06 April 2010 07:17

Key policy rate remains unchanged

Business - Money and Finance

The Norwegian Central Bank (Norges Bank’s) Executive Board on Wednesday decided to keep the key policy rate unchanged at 1.75 per cent, the level decided at the Board's December meeting.

Thursday, 25 March 2010 09:29

OECD economic survey of Norway

Business - Money and Finance

The Organisation for Economic Co-operation and Development (OECD) has presented its economic survey of Norway for 2010, in which a further tightening of the Norwegian economy is recommended. (Photo: Finance Minister Sigbjørn Johnsen)

Tuesday, 09 March 2010 09:34

Pension Fund recaps losses

Business - Money and Finance

The Norwegian Central Bank reports a record annual return for the Government Pension Fund Global in 2009. The fund returned 25.6 percent, equivalent to 613 billion kroner. This was 4.1 percentage points higher than the return on the benchmark portfolio.

Friday, 05 March 2010 13:04

Increasing Norwegian trade with Asia

Business - Money and Finance

While Norwegian exports to the US and Europe were reduced by 23 per cent last year, due to the global financial crisis, the sales of goods to South Korea and China increased by more than 40 per cent, Aftenposten reports.

Wednesday, 17 February 2010 10:38