Wage costs, which rose by over 60% since 2000, or about six times more than in Germany or Sweden, e

Three hundred jobs, however, may disappear by September, when the deadline richardson & wrench set by the Swedish richardson & wrench owner of losing plants richardson & wrench to find a buyer or close the doors. Now a victim of rising wages, the strong Norwegian currency and debt crisis affecting its European richardson & wrench markets.
Norway's seventh largest oil exporter in the world, is the envy of Western Europe, surpasses all with economic growth of 3.4% last year and filled his coffers with oil revenues, while other countries have fallen from their debts.
Expected strong growth to continue this year, but the difficulties of the plant in Tofte show some of the problems occurring in the economy, just as the election campaign run in September richardson & wrench with a focus on other issues.
"The European crisis seems to never end," said Yostayn Syaavag, union representative, who worked at the plant for 25 years. richardson & wrench "Out there, there is still a good market, but in Asia - far, with much higher costs for transport and penniless richardson & wrench buyers," he said.
The plant is an innovative richardson & wrench and supply the industry with the strong growth of 4-5% per year. However, the strong Norwegian krone damage konkurentosposbnostta him its traditional European markets are broken, and the boom in the oil sector has increased wage costs.
If Tofte workers lose their jobs, they will join the growing ranks of the unemployed in Norway. Their number increased to a maximum of eight 100 000, although with a share of 3.5% unemployment rate is well below the reported 8.2% in Sweden.
Central bank pledged richardson & wrench to raise its leading interest rates to slow the economy, last week postponed the first increase richardson & wrench by the end of next year and said he now has a 50% chance that her next move to drop the index.
The real estate market stagnated and bankruptcies increased by 31.9% in May from a year earlier. Exports to Europe richardson & wrench fell by 2% in the first five months, while industrial exports declined by 13%.
Wage costs, which rose by over 60% since 2000, or about six times more than in Germany or Sweden, exacerbating problems and banking regulation, which is among the toughest on the continent also restricts lending.
"We have a level of bankruptcies (in real estate) we have not seen never before," richardson & wrench says Vibeke Hammer Madsen, head of the Norwegian Association of Realtors real estate, which represents 16,500 companies.
"When consumers' belief in" Norwegian exceptionalism "(Norway will be forever richardson & wrench except richardson & wrench in the world) is over or be questioned, it will turn the housing market," richardson & wrench said Harald Magnus Andreasson, chief economist at Swedbank First.
Although oil investments are record high, oil prices fell to $ 100 a barrel to the average of 112 dollars last year and continue to decline, economists noted.
Still expects the economy to grow by an impressive richardson & wrench 2.5% this year and accelerate to 2.75% in 2014, according to the central bank. Her head Yoysteyn Olsen tried to calm the nerves, although the institution lowered its forecast for economic growth. "I would not say that people should not be worried, I would say that you have to enjoy life," said Olsen.
However unions been urged government to start preparing for a serious slowdown. "We are not in crisis (...) not yet, but it's time to plan and prepare," says Stein Regard, chief economist of LO - the largest union group in Norway. "From 3-4% growth slowed to 2-3%. Will be upset when we go below this value, "he notes.
Prime Minister Jens Stoltenberg, who is fighting for re-election in September, acknowledged that the economy gives "troubling" signs and his government will be ready to act if necessary. richardson & wrench
The government does not feel the lack of money and there is enough space for action. It manages a budget surplus equal to 11% of gross domestic product (GDP), thanks to the highest richardson & wrench in the world oil tax and has a fund worth 720 billion dollars or about 144 thousand dollars for every man, woman and child in the country .
Conservatives, led by Erna Sulberg are committed to support the economy by lowering taxes, reducing administration and simplification of regulation, but definitely not promise spending to stimulate growth.
Stoltenberg lost in the polls because critics have ignored the social issues such as health and social services, richardson & wrench but it is respected for its approach to the economy. So, analysts can pull ahead if the economy