Category: norway
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Stable Growth in Monetary Aggregates Reflects Norway’s Economic Stability
The latest data on monetary aggregates in Norway reveals a steady growth rate in total money supply M3, indicating a stable economic environment. The figures, updated as of April 2023, demonstrate the country’s robust monetary system. According to the report released by the Norwegian Central Bank, the twelve-month growth in total money supply M3 stood…
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Norway’s Labour Market Shows Stable Unemployment Rate of 3.5% in April 2023
The latest Labour Force Survey data from Norway indicates a steady employment situation with an unemployment rate of 3.5% in April 2023. The figures, released by the Norwegian Labour and Welfare Administration, highlight the current state of the country’s labor market. According to the survey, the number of unemployed persons remained unchanged at 103,000 in…
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Norway’s Labour Market Shows Stable Unemployment Rate of 3.5% in April 2023
The latest Labour Force Survey data from Norway indicates a steady employment situation with an unemployment rate of 3.5% in April 2023. The figures, released by the Norwegian Labour and Welfare Administration, highlight the current state of the country’s labor market. According to the survey, the number of unemployed persons remained unchanged at 103,000 in…
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Norway’s Travel Industry Sees a 23% Surge in Trips in the 1st Quarter of 2023
The latest travel survey data from Norway reveals a significant increase in travel activities during the first quarter of 2023. According to the survey, there was a remarkable 23% surge in the number of trips compared to the same period in the previous year. These findings were released by the Norwegian Tourism Board. The travel…
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Norway’s Wholesale and Retail Sales Experience a 1.2% Decrease in April 2023
The latest data on Norway’s wholesale and retail sales reveal a slight decline in April 2023 compared to the previous month. According to the seasonally-adjusted volume index, retail sales experienced a decrease of 1.2%. This information is based on the official report released by the Norwegian Statistical Office. The three-month change, covering the period from…
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Trade Union Members Reach Record High as Work Stoppages Decline in Norway
Norway witnessed a significant surge in the number of trade union members, reaching a record high, while work stoppages experienced a notable decline in the past year. According to the latest data released, the year 2022 saw a notable increase in trade union membership, reflecting the growing influence and solidarity among workers. The report indicates…
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Stable Interest Rates in Norwegian Banks and Mortgage Companies Maintain Borrowing Costs
Interest rates in Norwegian banks and mortgage companies have shown minimal changes in April 2023, according to the latest data released by financial authorities. The interest rates on new loans secured on dwellings to households have remained relatively stable. The average interest rate on new repayment loans secured on dwellings to households stood at 4.38%…
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Contingency Arrangements in Payment System Need Strengthening, Says Norges Bank Report
In a recent publication of the Financial Infrastructure Report 2023 and Norges Bank Papers 1/2023 titled “Retail Payment Services 2022,” Norges Bank has highlighted the need to reinforce contingency arrangements and enhance the payment system in Norway. While the financial infrastructure remains secure and efficient, proactive measures are necessary to ensure secure and efficient payment…
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Strong Investment Growth Expected in Norway’s Oil and Gas Sector for 2023 and 2024
Oslo, Norway – Companies in Norway’s oil and gas, manufacturing, mining, quarrying, and electricity supply sectors have projected robust investment growth for 2023 and 2024, with oil and gas activities driving the upward trend. According to the latest estimates, the growth is set to continue in both years, indicating positive prospects for the country’s energy…
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Oil Investment Estimate for 2023 Upward Adjusted, Reflecting Growth in Norway’s Oil and Gas Sector
Total investments in oil and gas activities in Norway for the year 2023, including pipeline transportation, are now estimated at NOK 197.8 billion, marking a 5.3 percent increase compared to the previous quarter’s estimates. This adjustment reflects higher projections within the categories of fields on stream and field development, driven in part by increased prices…
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Arctic Challenge Exercise 2023 Takes Flight: Europe’s Largest Military Exercise Showcases Nordic Collaboration
In a display of military prowess and cooperation, the Arctic Challenge Exercise (ACE) is set to soar across the Nordic region later this month. With an anticipated participation of approximately 150 aircraft, ACE is hailed as Europe’s biggest exercise of the year, attracting attention from military forces and aviation enthusiasts worldwide. ACE, which occurs every…
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Norway Witnesses Increase in Deaths, but Life Expectancy Remains Stable
In a recent update on May 16, 2023, Norway has witnessed a concerning trend with a notable increase in the number of deaths and a slight decline in life expectancy for men. The data, gathered from 2012 to 2022, reveals a significant rise in the total number of deaths, with the latest figures reaching 45,774…
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Norway Witnesses Impressive Surge in Public Transport Passengers, Reinforcing Sustainable Mobility
A recent report on public transportation usage reveals a notable surge in the number of passengers in 2022, showcasing a positive trend for sustainable and efficient urban mobility. The data indicates a 32.8% increase in public transport passengers compared to the previous year, highlighting the growing popularity and reliance on public transportation systems. The report,…
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Norwegian Horticultural Production Faces Challenges as Fruit Production Declines
In the latest update on horticultural production in Norway, the sector is grappling with a decline in fruit production. The data, updated on May 16, 2023, sheds light on the changes in production across different categories within horticulture, including fruit, garden berries, and vegetables. Fruit production in Norway experienced a significant setback, with a decrease…
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Norwegian Manufacturing Sector Sees Slight Decline in Energy Consumption
According to the latest update on energy use in the manufacturing sector, Norway’s total energy consumption in manufacturing and mining reached 79,305 gigawatt-hours (GWh) in 2022. The data, released on May 16, 2023, provides insights into the energy consumption and costs across various industries within the sector. The statistics reveal that the total energy consumption…
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Norway’s Population Sees Modest Growth in the 1st Quarter of 2023
As of the first quarter of 2023, Norway’s population has reached 5,504,329 individuals, according to the latest update from official sources. The data, released on May 16, 2023, reveals that the country experienced a population growth of 15,345 during this period. While the increase is comparatively lower than the previous year, it signifies a steady…
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10 Lives Lost in Road Traffic Accidents in Norway During April 2023
Norway witnessed a tragic month on its roads as 10 individuals lost their lives in road traffic accidents in April 2023, according to the latest update from authorities. The report also reveals that a total of 569 people suffered serious injuries as a result of these incidents. While there has been a decline in the…
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Norwegian Air Transport Shows Signs of Recovery in April 2023
Oslo, Norway – The air transport industry in Norway has displayed positive signs of recovery in April 2023, with the number of passengers on board at departure and arrival at Norwegian airports reaching 4.1 million. This data, released by the authorities, indicates a 1.1% increase compared to the same period in 2022. However, when compared…
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Norges Bank’s April Balance Sheet Reveals Strong Financial Position
Oslo, Norway – Norges Bank, the central bank of Norway, released its balance sheet for April, offering insights into its financial performance and stability. As of April 30, 2023, the bank showcased a robust position with a total asset value of 15,786,713 NOK million. The bank’s financial assets demonstrated resilience and diversification, totaling 940,312 NOK…
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Norway’s Electricity Generation: Hydro Power Dominates with 88.7% Share in April 2023
The latest data from the Norwegian Energy Directorate highlights the continued dominance of hydro power in the country’s electricity production, accounting for 88.7% of total generation in April 2023. The figures reflect Norway’s commitment to renewable energy sources and its reliance on its abundant hydroelectric resources. According to the report, the total production of power…