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Norway oil industry expects to make record high investments in 2025
Norway oil industry expects to make record high investments in 2025

Reuters

time27-05-2025

  • Business
  • Reuters

Norway oil industry expects to make record high investments in 2025

COPENHAGEN, May 27 (Reuters) - Norwegian oil and gas investments are expected to hit a new record this year, a statistics office survey of industry players showed on Tuesday. The country's biggest business sector now expects to invest 269.1 billion Norwegian crowns ($26.62 billion) in 2025, up from a 253.8 billion crowns estimate in February and compared to 251.2 billion last year. Preliminary estimates for oil and gas investments in 2026 stood at 206.6 billion crowns, compared to a previous estimate of 197.1 billion crowns in February. Forecasts will normally rise as companies firm up spending plans in the months leading up to a new year. ($1 = 10.1049 Norwegian crowns)

German economy in Q1 grew twice as fast as initially expected
German economy in Q1 grew twice as fast as initially expected

Reuters

time23-05-2025

  • Business
  • Reuters

German economy in Q1 grew twice as fast as initially expected

BERLIN, May 23 (Reuters) - The German economy grew significantly more in the first quarter than previously estimated due to good economic developments in March, according to a second estimate published on Friday. The economy grew by 0.4% in the first quarter of 2025 compared with the previous quarter, the statistics office said, revising a preliminary reading of 0.2%. Manufacturing output and exports registered stronger growth than initially assumed in March, said Ruth Brand, president of the statistics office.

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