Tagged: economy

Nordic currencies stand out

Key Nordic currencies are standing out as some of the top performers in the developed world right now as interest rates in the region begin rising and the euro’s woes continue. To read the...

Education for all becoming harder to achieve

Millions of children could miss the opportunity to go to school as a result of the financial crisis. The United Nations sounds the alarm in a new report on education. Lower economic growth and...

Increasing share for credit lines

Credit lines secured on dwellings accounted for almost a quarter of Norwegian banks’ and mortgage companies’ total loans secured on dwellings to Norwegian households at the end of November 2009. This is the highest...

Decline in enterprise debt growth

The twelve-month growth in the credit indicator C2 was 4.8 percent to end-November, down from 5.1 percent to end-October. The decrease in debt growth came from non-financial enterprises Credit indicator C2. Percentage change Non-financial...

Average monthly earnings up NOK 700

Full-time employees in the wholesale and retail trade had average monthly earnings, excluding overtime pay, of NOK 33 900 as at 1 September 2009. This is a year-on-year growth of NOK 700 or 2.1...

Key policy rate increased to 1.75 percent

Norges Bank’s Executive Board decided today to increase the key policy rate by 0.25 percentage point to 1.75 percent. “Activity in the Norwegian economy has picked up and inflation is close to 2.5 percent....

Improved results for insurance

Both non-life and life insurance companies have achieved better results in the first three quarters of 2009 compared to last year. This is mainly due to the increase in the income from financial assets....

Interest rates on loans near the bottom

The interest rate on loans from financial corporations continued to fall in the third quarter of 2009. The interest rate on loans from mortgage companies, life insurance companies and The Norwegian Public Service Pension...