Tagged: finance

Oil-rich Norway to tighten spending

Norway on Tuesday unveiled next year’s budget plans aimed at curbing expenditure after the oil-rich country recovers from an economic downturn with a slightly upturned outlook for 2011. The Finance Ministry proposed to cut...

Good start to the year

Norwegian banks’ profits in the first quarter of 2010 amounted to NOK 6.2 billion. This is NOK 2.3 billion better than last quarter and NOK 1.5 billion higher than the first quarter of last...

DNV maintained its strong position in 2009

Oslo: With growth in both its total revenue and number of employees, DNV held a strong position in all its main areas of activity in 2009. Despite the difficulties in the global economy, DNV...

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...

DnB NOR insider case closed

DnB NOR accepts the fine imposed by Økokrim (the Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime) following claims of a breach of insider rules. DnB NOR maintains that no...

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....