Stricter control with companies in the Pension Fund
The Norwegian government will introduce new climate criterion for the exclusion of companies from the Government Pension Fund Global (GPFG).
updated 1:57 PM UTC, Jul 18, 2019
Money & Finance
Money and Finance
The IMF satisfied with the Norwegian economy
In its annual asessment, the International Monetary Fund concludes that the Government's economic program is well adapted to the subdued growth in the Norwegian economy. (Photo: Finance Minister Siv Jensen)
Key Policy Rate unchanged
The Executive Board of the Norwegian Central Bank (Norges Bank)has decided to keep the key policy rate unchanged at 1.25 percent.
The revised fiscal budget for 2015
Presenting the revised fiscal budget for 2015, Finance Minister Siv Jensen said that the sharp oil price decline since last year is dampening growth in the Norwegian economy. Growth in the mainland (or non-oil) economy is set to be moderate in 2015, and some competitive businesses must adapt to lower demand from the Norwegian petroleum sector.
Further economic downturn - but no crisis
A fall in oil investment is expected to reduce mainland Norway’s GDP growth to just 1.1 per cent in 2015, compared with 2.3 per cent in both 2013 and 2014, according to Statistics Norway (SSB).
Monthly earnings up 3.2 per cent
Average monthly earnings for all Norwegian employees, excluding overtime pay, were NOK 42 300 per 3rd quarter 2014. This was a year-on-year increase of NOK 1 300 or 3.2 per cent.
