Tagged: central bank

Norway wealth fund grew 3.8 percent in November

Norway’s sovereign wealth rose by 3.8 percent to a preliminary 2.591 trillion Norwegian crowns ($448.6 billion) in November from 2.497 trillion at the end of October, central bank data showed on Dec. 14 The...

Norwegians looking to invest in Iceland

A group of Norwegian investors, led by Endre Røsjø, want to put ISK 20 billion in long-term investments into the Icelandic economy. According to MBL.is, Røsjø has already met with representatives of Icelandic pension...

Nordea: Brighter outlook for Nordic exports

An improved outlook for the global economy will brighten the outlook for Nordic exports in the coming months. Still, a turn for the better in unemployment in the Nordic countries is not to be...

Norwegian domestic pension fund loses value

The value of the Norwegian government’s domestic pension fund declined 25 percent in 2008 to $12.3 billion due to collapsing stock prices during global financial turmoil, the national welfare administration Folketrygdfondet announced Feb 4,...

Norwegian Central Banker is going to save Iceland

Svein Harald Øygard, a Norwegian economist, has been hired as interim governor of the Central Bank of Iceland. The Althingi parliament passed a bill on changes to the bank’s senior management yesterday, making its...