Oslo- Norway's central bank kept its key lending rate unchanged at 5.75 per cent Wednesday, citing the "unusually high degree of uncertainty" in wake of the recent global financial turbulence.
Norges Bank deputy governor Jan F Qvigstad noted that "there are wide daily swings in money market rates, equity prices, the krone exchange rate and oil and commodity prices."
"It is difficult to determine how long this pressure will last and the effects on inflation and activity in the Norwegian economy. It is therefore appropriate to keep the interest rate unchanged now," he added in a statement.
Oslo - Norwegian parliament speaker Thorbjorn Jagland said Tuesday he was to leave Norwegian politics, opting to stand as a candidate for secretary general of the Council of Europe.
The veteran Social Democrat, who has also held the posts of prime minister and foreign minister, hoped to succeed Terry Davis of Britain who was slated to step down next year.
Jagland, 58, said the Council of Europe was a key part of the European political and security system along with the European Union, NATO and the Organization of Cooperation and Security (OSCE).
Oslo - Norway on Friday approved emergency funds to Zimbabwe totalling 40 million kroner (6.8 million dollars), Foreign Minister Jonas Gahr Store said.
"While we are monitoring the political events in Zimbabwe, we should not forget the acute needs of the hard suffering people," Store said in a statement.
The Norwegian funds were to be channelled via the United Nations and humanitarian agencies, the foreign minister said.
Oslo - Petrol stations operated by Norwegian energy group Statoil Hydro were to keep their original name Statoil, the group's chairman said Thursday, indicating it meant massive savings.
Statoil operates some 2,000 petrol stations in eight countries.
Retaining the Statoil name for the petrol stations was believed to save huge sums. Oslo-based consulting firm Det Norske Veritas (DNV) had estimated that rebranding the stations and creating a new logo would cost 1.9 billion kroner (325 million dollars).
Oslo - The Norwegian tax authority was red-faced Wednesday amid reports it had sent sensitive information about millions of Norwegian taxpayers to several news media outlets.
The tax authority mistakenly included personal identity numbers - which are confidential - on lists of taxpayers it distributed to the media, public broadcaster NRK reported.
Almost 4 million taxpayers were included on the lists, NRK reported and the tax authority has since Tuesday tried to contain the damage.
The error was disclosed by NRK's current affairs programme Brennpunkt.