Articles

  • 1 week ago | thelocal.no | Robin-Ivan Capar

    Norwegian krone drops following first interest rate cut in five years Norges Bank, the country's central bank, cut its key interest rate on Thursday for the first time in five years, triggering an immediate decline in the value of the Norwegian krone. READ MORE: How will Norway's shock interest rate cut affect your finances? Shortly after the announcement, the krone weakened against both the euro and the US dollar.

  • 1 week ago | thelocal.no | Robin-Ivan Capar

    Technical glitch at DNB leads to excessive payments from NAV Numerous pensioners and disability benefit recipients in Norway have reported receiving excessive payments from NAV, the Norwegian Labour and Welfare Administration, due to a technical error at DNB, the country’s largest bank. The NAV said they are aware of the issue and are currently working to understand the full scope of the situation.

  • 1 week ago | thelocal.no | Robin-Ivan Capar

    Former Norwegian education minister attacks proposal to lower tuition fees for international students Former Minister of Education Ola Borten Moe has sharply criticised the Norwegian government's new proposal to lower tuition fees for international students from outside the European Economic Area (EEA) and Switzerland.

  • 1 week ago | thelocal.no | Robin-Ivan Capar

    Surge in first-time homebuyers in Norway Norway is witnessing its highest number of first-time homebuyers in 17 years, marking a significant shift in the housing market. For five consecutive quarters, the number of Norwegians purchasing their first home has continued to rise. Carl O. Geving, head of the Norwegian Association of Real Estate Agents (NEF), commented on the current trend with cautious optimism.

  • 1 week ago | thelocal.no | Robin-Ivan Capar

    Norway to ban secret bids in housing market bidding rounds Starting July 1st, secret bids in Norway's home bidding system will be banned, following recent amendments to the Real Estate Act adopted by the Norwegian parliament (Storting). The new legislation, highlighted by the newspaper Nettavisen, aims to bring greater transparency and fairness to bidding rounds - especially in competitive markets like Oslo, where the use of undisclosed offers has been widespread.

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