Tagged: kroner

Withdrawn currency deadline extended

M. Michael Brady Asker, Norway Norges Bank is Norway’s central bank, similar to the Federal Reserve System in the U.S. It determines and advises on monetary, credit, and foreign exchange policy, and it issues...

Norwegian krone increasingly cheap

Visitors to Norway benefit from the decline M. Michael Brady Asker, Norway If you plan travel to Norway, now may be the time; you will cut the cost of your stay there, as the...

Weak kroner means optimism in tourism

Traveling to Norway from the US doesn’t have to cost a fortune if you follow these simple tips Rasmus Falck Oslo, Norway There is a lot of optimism in the tourist industry these days....

What happened to the tax promise?

On the Edge: An opinion column about current events in Norway By Siv Jensen To avoid a tax level debate, the ruling Norwegian Labor Party and their coalition partners promised that they would not...

Norwegian wage settlements in 2011

The Norwegian Technical Calculation Committee for Wage Settlements presents the preliminary report on the basis for wage settlements in 2011. The report outlines recent years’ developments in pay, earnings, prices and competitiveness. The Committee also...

Norway wealth fund falls to $443 billion in October

Norway’s sovereign wealth fell by 1.9 percent to a preliminary NOK 2.497 trillion ($442.6 billion) in October from 2.546 trillion at the end of September, central bank data showed on Friday. The fund’s value...

Norwegian bank DnB NOR makes $2.4 billion cash call

Norway’s largest financial group, DnB NOR ASA, said it would try to raise capital with a NOK 14 billion ($2.4 billion) rights issue to offset losses suffered during the financial crisis. Despite first-quarter gains,...

Norwegian crown strengthens after rates unchanged

The Norwegian crown strengthened against the euro after Norway’s central bank kept its main interest rate unchanged at 1.25 percent on Wednesday, in line with analyst forecasts. Read the whole story at Forbes.

Krone Favorite as Plunge Leaves Norway ‘Undervalued’

July 27 (Bloomberg) — The Norwegian krone, the third-worst performer against the euro since mid-2008, has become currency strategists’ favorite bet. Buying kroner versus euros will return more in the next year than all...