Tag Archives: economy

The great economic divide

Photo: Øyvind Hagen / Statoil Photo: Øyvind Hagen / Statoil Photo: Photo: Øyvind Hagen / Statoil

Norway’s oil and gas sector brings growth to some businesses, while others struggle with high costs On Feb. 9, Norsk Industri presented its annual assessment of current condition and outlook for the year. “We see the [oil and gas] industry as Norway's golden egg,” says Communications Director Finn Langeland of Norsk Industri (Federation of Norwegian Industries), holding ...

Near the bottom of the cycle?

The Norwegian economy remains clearly in recession after four quarters of moderate growth in GDP for Mainland Norway. Increased domestic demand is expected to stimulate growth. But there will not be an appreciable upswing for another two years. The latest GDP figures from the Quarterly National Accounts (QNA) showed slightly lower growth ...

Still slow growth in the mainland economy

MoneyKroner

Gross domestic product (GDP) for mainland Norway increased by 0.1 per cent in the 1st quarter of 2010. Growth in both household and general government final consumption expenditure made a positive contribution, while gross fixed capital formation in mainland Norway fell. The slow growth in the mainland economy came as a result of a drop in ...

Revised National Budget 2010

Sigbjørn Johnsen, Minister of Finance. Photo: Regjeringen.no

The Norwegian economy has performed better than most other industrial countries during the financial crisis and global recession. Expansionary monetary and fiscal policies, along with extensive credit and liquidity measures, have helped to mitigate the effects of the crisis on the Norwegian economy. In the revision of the Fiscal ...

Joint press release on the second review of Iceland’s IMF program and the Nordic loans to Iceland

The Nordic countries – Finland, Norway, Sweden and Denmark – support Iceland’s efforts for economic recovery by providing bilateral loans totalling 1.775 billion euro for disbursement in four equal tranches in the context of Iceland’s economic programme with the International Monetary Fund (IMF) and under the condition that Iceland will ...

Improved results in 2009

Preliminary figures for 2009 show a strengthening of the municipalities’ finances compared to 2008. Net operating surplus for the municipalities is estimated at 2.8 percent in 2009 compared to 0 percent in 2008. Preliminary figures for 2009 estimate that gross operating surplus was about NOK 3.4 billion for all the municipalities combined. The estimations show that ...