Financial

Financial

50 øre coin soon to retire

The Norwegian Central Bank has announced that it is contemplating to retire the 50 øre (cent) coin ("femtiøringen"). This move would be the fifth time the bank retires small tender.


Norwegian economy still in recession

According to the latest prognosis from Statistics Norway (SSB), the Norwegian economy remains clearly in recession after four quarters of moderate growth in GDP for Mainland Norway.


Three companies excluded from Government Pension Fund

The Norwegian Ministry of Finance has excluded two Israeli companies and one Malaysian company from the portfolio of the Government Pension Fund Global (GPFG), also known as the National Oil Fund.


Increased trade surplus in July

In July, Norwegian exports came to NOK 61.7 billion, while imports reached NOK 33.3 billion. This gave a trade surplus of NOK 28.4 billion, NOK 2.9 bill higher than in June, but NOK 1.6 bill lower than July last year.


Negative return for Pension Fund

The Government Pension Fund Global - also known as the National Oil Fund - reports a 5.4 per cent (NOK 155 billion) negative return in the second quarter, caused by a decline in global equity markets.


Oslo Børs Benchmark Index_GI (OSEBX)

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