NEWS

Accounting / Financial

Only 4% of Norway uses cash as country evaluates CBDC, Norges Bank exec says

Business

Category: Accounting / Financial

Cash usage has declined in Norway since COVID-19, but physical currency also carries strengths that CBDCs may lack.

Source: Cointelegraph

Published: June 11, 2020


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Reuters: Norway’s third-quarter GDP rebounds from recession

Business

Category: Accounting / Financial

OSLO, Nov 17 (Reuters) – Norway’s gross domestic product (GDP) grew strongly in the third quarter, rebounding from a deep recession caused by the novel coronavirus pandemic, data from the national statistics office (SSB) showed on Tuesday. The mainland economy, which excludes oil and gas production, expanded by 5.2% in the July-September period from the […]

Source: Reuters

Published: December 4, 2020


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Shifter: Storbanken Citi gjør seg lekker for de norske, små: «Bare et spørsmål om tid før vi investerer»

Business

Category: Accounting / Financial

Verdens største tilbyder av finansielle tjenester, Citigroup, har over tre tiår med erfaring fra Norden og Norge. Hittil har de imidlertid hovedsakelig vært en aktør for de store konsernene. Nå er det i ferd med å endre seg, ifølge Pål Rokke. Han leder stobankens norske avdeling. Selskapet har etablert en egen divisjon for små- og mellomstore bedrifter, […]

Source: Shifter

Published: November 9, 2020


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Markets Insider: Norway Central Bank Keeps Rate Unchanged

Business

Category: Accounting / Financial

(RTTNews) – Norway’s central bank kept its key interest rate unchanged at zero, as widely expected, on Thursday. The Monetary Policy and Financial Stability Committee unanimously decided to retain the policy rate at zero percent, Norges Bank said in a statement. Due to the increased Covid-19 infection rates and more containment measures, Norway will likely […]

Source: Business Insider - Markets Insider

Published: November 5, 2020


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Reuters: Norway wealth fund says it’s hard to find right green energy projects

Business

Category: Accounting / Financial

OSLO (Reuters) – Norway’s $1.1 trillion sovereign wealth fund, the world’s largest, is having trouble finding suitable unlisted renewable- energy projects to invest in due to the paucity of projects and strong competition for stakes in them, its new CEO said. Such investments are new for the fund which, until this year, was only allowed […]

Source: Reuters

Published: October 3, 2020


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