NEWS

Economic Perspectives: Address by Governor Øystein Olsen to the Supervisory Council of Norges Bank and invited guests, 13 February 2020

Category: Accounting / Financial

“We are now moving into the final phase of a period where domestic raw materials and energy sources have provided an essential basis for economic expansion. Hereafter, growth must increasingly rely on the production of finished goods in areas where we do not have a natural advantage.”[1] The same could be said about the challenges […]

Source: Norges Bank

Reuters: Electric cars grab 44% market share in Norway in January

Category: Accounting / Financial

OSLO (Reuters) – Electric cars accounted for a 44.3% share of Norway’s new car sales in January, rising year on year but falling short of the 50-60% range the industry forecast for 2020, data from the Norwegian Road Federation showed on Monday. In January 2019 electric cars made up 37.8% of sales in the Nordic […]

Source: Reuters

Published: February 3, 2020

Bloomberg TV: Norway’s Olsen Says Central Bank Is Not Hawkish

Category: Accounting / Financial

Norges Bank Governor Øystein Olsen discusses interest rates, the krone and global economic risks after the central bank kept its deposit rate at 1.50% on Thursday, as expected, and stuck to its main message that a tightening cycle started over a year ago has now been shelved. Olsen speaks with Bloomberg’s Jonas Cho Walsgard in […]

Source: Bloomberg

Bloomberg: Norway’s $1.1 Trillion Wealth Fund to Deepen Climate Risk Work

Category: Accounting / Financial

Norway’s $1.1 trillion sovereign wealth fund plans to expand its work on assessing climate risk, from pushing for better company reporting to expanding flood analysis for its real estate assets. The Norwegian fund, the biggest of its kind, already has a variety of instruments to measure how climate change may affect demand, spur regulation or […]

Source: Bloomberg

Bloomberg: Norway’s Krone Hits Record Low Against Euro

Category: Accounting / Financial

Norway’s krone hit the weakest on record against the euro, surpassing the previous record set during the 2008 financial crisis. The krone touched 10.1641 per euro at 2:45 p.m. in Oslo, according to Bloomberg data, amid pressure from global tensions and weakening oil prices. Read entire article HERE.

Source: Bloomberg