Wreckingball: I briefly mention the oil in the begining of my post. The oil and thanks to the foregin investments and "protection" of own business and industry the country is well off. The americans found oil here in 1969 (at that time Norway had high unemployment and poverty), the government at that time made sure that all oil found on norwegian soil would stay on norwegian hands. (not be given to foregin companies).
The Oil fund is our "security"; and money are invested in mostly foreign countries, business and industry. (It would take something like a world war to create a economic crisis here - to put it on the edge).
It is stated that 4% of generated profit from the fund should be invested in building Norway and suport the welfare system.
That's why people are always complaining about bad roads, schools, hospitals etc. - there isnt enough money set aside.
The fund has passed 400 billion NOK; these are distributed ; 58,7% invested in shares, 41% in bonds og 0,3 % in property (abroad). Imagne the earnings.
Btw Statoil and Aker Solutions are in a demand for competent labour. Now is a good time to apply!
rudeboy: well actually now it is more like 700U$D a month. And this is my own apartment.
The last years salaries on average have increased more than consumer prices, as a result people naturally spend more money on food, goods, and shit they dont really need.
It is expensive to live here, and some things are ridiculious expensive. But salaries are high, so people can afford.
Most people manage good and live good. compared, it is good.
But having a meal at a restaurant, go skiing, cinema/nights out, partying , regular visits to cafes, club memebership at fitness club, staying healthy, transportation (bus/taxi/flights/train), vacationing here ( I have never once done travelling vacation style in my own country---to f*ing expensive); these are the things that are way too expensive.
Clothes and electronic can be reasonable and cheap.
Supermarket/grocery selection are shit compared with other nordic and european countries.
i.ex. Charging 50U$D for a small pizza, without a glass of Pepsi; what the fuck is that about??!!
freshcream: from where?
-rdp
The Oil fund is our "security"; and money are invested in mostly foreign countries, business and industry. (It would take something like a world war to create a economic crisis here - to put it on the edge).
It is stated that 4% of generated profit from the fund should be invested in building Norway and suport the welfare system.
That's why people are always complaining about bad roads, schools, hospitals etc. - there isnt enough money set aside.
The fund has passed 400 billion NOK; these are distributed ; 58,7% invested in shares, 41% in bonds og 0,3 % in property (abroad). Imagne the earnings.
Btw Statoil and Aker Solutions are in a demand for competent labour. Now is a good time to apply!
rudeboy: well actually now it is more like 700U$D a month. And this is my own apartment.
The last years salaries on average have increased more than consumer prices, as a result people naturally spend more money on food, goods, and shit they dont really need.
It is expensive to live here, and some things are ridiculious expensive. But salaries are high, so people can afford.
Most people manage good and live good. compared, it is good.
But having a meal at a restaurant, go skiing, cinema/nights out, partying , regular visits to cafes, club memebership at fitness club, staying healthy, transportation (bus/taxi/flights/train), vacationing here ( I have never once done travelling vacation style in my own country---to f*ing expensive); these are the things that are way too expensive.
Clothes and electronic can be reasonable and cheap.
Supermarket/grocery selection are shit compared with other nordic and european countries.
i.ex. Charging 50U$D for a small pizza, without a glass of Pepsi; what the fuck is that about??!!
freshcream: from where?
-rdp