NEWS

Norway to Tamp Down on Oil Spending After Wealth Fund Deposits

Category: Financial / Investment

Norwegian Prime Minister Erna Solberg is ready to start reining in oil spending after the government began putting money back into the sovereign wealth fund again. The Norwegian government in June made its first deposit into its wealth fund since the end of 2015. Now that the economy is in full recovery and the labor […]

Source: Bloomberg

Published: April 19, 2024

Swedish Economy Set to Slow in 2019 as Norway Takes Lead

Category: Financial / Investment

Sweden’s economic prospects have dimmed in recent months and the country will likely be surpassed by Norway as the fastest-growing Scandinavian economy in 2019, a Reuters poll found on Tuesday. It would be the first time in more than half a decade Sweden failed to top the region’s growth league, although it was still set […]

Source: Reuters

Published: April 19, 2024

Norway Keeps Rates Unchanged on Path to Tightening Next Month

Category: Financial / Investment

Norway’s central bank kept its key interest rates unchanged, setting policy makers up for the first tightening in seven years next month. The bank on Thursday held its benchmark at a record low of 0.5 percent, as anticipated by all analysts surveyed by Bloomberg. “The outlook and the balance of risks do not appear to […]

Source: Bloomberg

Published: April 19, 2024

Increased Allied Training and Exercises

Category: Defense / Security

“I am pleased to announce that U.S. and Norwegian authorities recently agreed to extend and increase the rotational training and exercises in Norway for units from the USMC. As a result, the arrangement will continue beyond 2018 and may include up to 700 U.S. marines. In addition to today’s activity at Vaernes, a second location […]

Source: Norwegian Ministry of Defence

Published: April 19, 2024

Event Summary: Ambassador’s Reception

Category: AmCham News

“AmCham is doing a remarkable job for our Embassy here in Norway and for trade between our two countries,” US Ambassador Kenneth J. Braithwaite said as he hosted our annual, fully-subscribed Members’ Reception at his home, Villa Otium. “We had a very successful event together at ONS, discussing advanced US energy technologies, we have initiated […]

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