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Norway Sticks to Tightening Plan as Rate Held at Record Low
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
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50th anniversary of Norwegian satcom
Category: Culture / Lifestyle
Norway’s era of satellite communications began on May 17, 1968, with a ping from ESRO. A maxim in economic history holds that “Never in history has man successfully invented a device, an instrument, a machine, or a structure without creating a demand for performance far beyond the capacity of the original design.” This is particularly […]
Source: Norwegian American
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US, Norway officially enter arrangement to share supplies for national security
Category: Defense / Security
The United States and Norway entered into an official arrangement to mutually supply defense goods and services needed for national security in an April 12 signing ceremony at the Norwegian-American Defense Conference (NADIC). The Norwegian Ministry of Defense’ national armaments director Morten Tiller and Eric Chewning, the U.S. Defense Department’s deputy assistant undersecretary of defense for Manufacturing […]
Source: Defense News
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Norway plans to buy electric planes, mimicking green car success
Category: Airline / Travel
Norway said on Thursday it wants to buy electric passenger planes in the coming years to help slow climate change, building on its success with big tax breaks that have made it the world leader in electric car sales. State firm Avinor, which runs 45 airports in Norway, said the commitment to battery-powered aircraft could […]
Source: Reuters
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Peterson Institute: Report on the Norwegian Economy
Category: Accounting / Financial
Can a country save too much money? Many countries have squandered their natural resource endowments. The International Monetary Fund and the World Bank routinely hector developing economies to save and invest more of their revenues from resources such as oil and gold for the benefit of future generations after the resources run out. But, can […]
Source: Peterson Institute
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