Norway's sovereign wealth fund, the world's largest, gained some 38 billion euros (380 billion kroner) in the first quarter, boosted by stock market investments, it said Wednesday.
Nav, Norway’s public welfare agency, is preparing to issue holiday pay on unemployment benefits before the summer, even though the scheme is yet to be adopted.
Norway's sovereign wealth fund, which is financed from taxes paid by the nation's oil and gas industry, said Wednesday it had made its first direct investment in renewable energy infrastructure.
Norway on Tuesday lowered its growth forecast for this year to levels that will still see it outpace its European neighbours, but which could weaken the current government ahead of September's election.
Norway's biggest bank DNB said Wednesday it would compensate hundreds or even thousands of savers after the Supreme Court ruled it misinformed its customers about some of its products.
Moody's Investors Service on Thursday downgraded its long-term ratings on two Norwegian banks which it considers to be at risk if the European financial crisis deepens.
Norway's massive state pension fund will significantly reduce its exposure to crisis-hit European economies and will
instead invest more in emerging economies, the Norwegian government said on Friday.
The current debt crisis should in the end be good for Europe since it will force the continent to adopt long-awaited reforms, the head of Norway's state pension fund said on Monday.
Norway’s 3-trillion-kroner ($521 billion) sovereign oil fund — or Government Pension Fund Global — aims to buy bigger than the one-percent of listed stocks worldwide that it already owns.
