Money & Finance

Money and Finance

The rich ones are growing richer

According to the magazine Kapital , Norway's 400 richest have assets amounting to more than 1000 billion NOK. 251 persons on the list have an estimated wealth of more than 1 billion NOK in the country, according to Kapital in their annual analysis of the richest persons in the Nation.

Fiscal budget for 2016 presented

Finance Minister Siv Jensen on Wednesday presented the proposal for the 2016 Fiscal Budget. A budget which she said promotes employment, growth and structural adjustment in the Norwegian economy.

Lowest key policy rate ever

As expected, the Executive Board of the Norwegian Central Bank (Norges Bank) decided to lower the key policy rate by 0.25 percentage point to 1.00 percent, a historic low.

Norway to enter into partnership with ASEAN

Norway has been invited to enter into formal partnership with the Association of Southeast Asian Nations. - I welcome this partnership, says Minister of Foreign Affairs Børge Brende.

Decline in exports from Norway

In May, exports of goods from Norway came to NOK 67.3 billion; a decline of 5.5 per cent compared to May 2014. This was due to lower oil prices and a drop in exports of petroleum products.

Slight increase in unemployment

There was a 0.2 per cent increase in uneployment in Norway from January to April, and the unemployment rate rose to 4.2 per cent in the period, Statistics Norway (SSB) reports.

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