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Preparing to Tighten, Olsen Says It’s Back to ‘Normal’ on Norway’s Krone
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
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Norway Proposes Curbs on Airbnb to Ease Stress for Neighbors
Category: Entertainment & Lifestyle
Norway wants to limit owners to renting out their apartments through services like Airbnb Inc. for just 90 days to ease the stress on other residents. The government also wants to “prevent professional actors from operating ‘apartment hotels’ in residential areas,” Monica Maeland, Minister for municipal affairs, said in a statement published Saturday. The proposal, which is […]
Source: Bloomberg
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Norway to provide an extra NOK 130 million for the fight against marine litter
Category: Government
‘Norway is playing a leading role in the global effort to eliminate marine litter. The Government is proposing to increase funding for Norway’s development programme to combat marine litter by NOK 130 million in 2018. This programme is a key element of the Government’s general focus on the oceans, and an important contribution to the […]
Source: Regjeringen
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WSF’s hybrid electric ferry conversion draws international attention
Category: Automobile / Transport
As one of the largest ferry operators in the world, Washington State Ferries (WSF) has a high profile with the public and in the marine industry. So when WSF does something, people stand up and take notice. As we reported last month, Washington Governor Jay Inslee signed a transportation measure that contained funding of $600,000 to develop […]
Source: Marine Log
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Norway Eases Off Dipping Into World’s Biggest Piggy Bank
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
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