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Preparing to Tighten, Olsen Says It’s Back to ‘Normal’ on Norway’s Krone

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Category: Accounting / Financial

Norway’s central bank is revealing how it tried to support its economy at the height of the oil crisis that hit the nation in 2014. It reached for the most powerful tool it had: the nation’s floating currency. In an interview in Oslo on Wednesday, Governor Oystein Olsen said that back then it was clear […]

Source: Bloomberg

Published: June 24, 2018


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Norway Eases Off Dipping Into World’s Biggest Piggy Bank

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Category: Accounting / Financial

Norway expects to withdraw less from its giant sovereign wealth fund this year as a recovery in oil prices is boosting the country’s coffers. Western Europe’s biggest oil and gas producer is turning the page on the oil industry’s deepest downturn in at least a generation after output cuts from OPEC and others, coupled with […]

Source: Bloomberg

Published: June 24, 2018


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Avgiftssjokk fører til røde tall og nedbemanninger

Business

Category: Financial / Investment

Bedriftene som er berørt av avgiftssjokket på alkoholfrie drikkevarer og sjokolade- og sukkervarer, sliter nå i motbakke. I tillegg går den stadig økende grensehandelen direkte utover bedriftenes konkurranseevne. Det viser en fersk medlemsundersøkelse gjennomført av NHO Mat og Drikke. Stortingsflertallets vedtak om avgiftsøkning gir en direkte effekt på lønnsomhet, omsetning og bemanning i 1 av […]

Source: NHO

Published: June 24, 2018


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Norway Sticks to Tightening Plan as Rate Held at Record Low

Business

Category: Accounting / Financial

Norway’s central bank kept its signal intact to start raising interest rates in the second half of this year, undeterred by a cooling economic recovery in western Europe’s biggest oil producer. In an interim decision on Thursday, Norges Bank, as anticipated, held its key rate at 0.5 percent. The bank reiterated its message from March that […]

Source: Bloomberg

Published: June 24, 2018


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Norway set to create zero emissions zones in fjords

Business

Category: Airline / Travel

For years, Norway has been actively working through the International Maritime Organization (IMO) to limit greenhouse gas (GHG) emissions from international shipping and, at home, has pursued a similar policy. Norway has been and continues to be a leader in the promotion of battery-electric car ferries through public procurement as a climate measure. Development of […]

Source: Marine Log

Published: June 24, 2018


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