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Norway holidays

Information about Norway

Two centuries of Viking raids into Europe tapered off following the adoption of Christianity by King Olav TRYGGVASON in 994. Conversion of the Norwegian kingdom occurred over the next several decades. In 1397, Norway was absorbed into a union with Denmark that lasted more than four centuries. In 1814, Norwegians resisted the cession of their country to Sweden and adopted a new constitution. Sweden then invaded Norway but agreed to let Norway keep its constitution in return for accepting the union under a Swedish king. Rising nationalism throughout the 19th century led to a 1905 referendum granting Norway independence. Although Norway remained neutral in World War I, it suffered heavy losses to its shipping. Norway proclaimed its neutrality at the outset of World War II, but was nonetheless occupied for five years by Nazi Germany (1940-45). In 1949, neutrality was abandoned and Norway became a member of NATO. Discovery of oil and gas in adjacent waters in the late 1960s boosted Norway's economic fortunes. In referenda held in 1972 and 1994, Norway rejected joining the EU. Key domestic issues include immigration and integration of ethnic minorities, maintaining the country's extensive social safety net with an aging population, and preserving economic competitiveness.

Norway's economy

The Norwegian economy is a prosperous mixed economy, with a vibrant private sector, a large state sector, and an extensive social safety net. The government controls key areas, such as the vital petroleum sector, through extensive regulation and large-scale state-majority-owned enterprises. The country is richly endowed with natural resources - petroleum, hydropower, fish, forests, and minerals - and is highly dependent on the petroleum sector, which accounts for the largest portion of export revenue and about 30% of government revenue. Norway is the world's third-largest natural gas exporter; and seventh largest oil exporter, making one of its largest offshore oil finds in 2011. Norway opted to stay out of the EU during a referendum in November 1994; nonetheless, as a member of the European Economic Area, it contributes sizably to the EU budget. In anticipation of eventual declines in oil and gas production, Norway saves state revenue from the petroleum sector in the world's largest sovereign wealth fund, valued at over $830 billion in January 2014 and uses the fund's return to help finance public expenses. After solid GDP growth in 2004-07, the economy slowed in 2008, and contracted in 2009, before returning to positive growth in 2010-13. Nevertheless, the government budget remains in surplus.

Issues in Norway

Norway asserts a territorial claim in Antarctica (Queen Maud Land and its continental shelf); Denmark (Greenland) and Norway have made submissions to the Commission on the Limits of the Continental shelf (CLCS) and Russia is collecting additional data to augment its 2001 CLCS submission; Norway and Russia signed a comprehensive maritime boundary agreement in 2010 Refugees and internally displaced persons: refugees (country of origin): 9,275 (Somalia); 9,344 (Eritrea); 5,679 (Iraq); 5,523 (Afghanistan) (2013) stateless persons: 2,313 (2012)

Prices in Norway (1 NOK = 0.12 USD)
Meal in inexpensive restaurant150 NOK
3-course meal in restaurant (for 2)869.18 NOK
McDonalds meal110.7 NOK
Local beer (0.5 draft)81.7 NOK
Foreign beer (0.33 bottle) 67.9 NOK
Cappuccino39.83 NOK
Pepsi/Coke (0.33 bottle)24.31 NOK
Water (0.33 bottle)25.38 NOK
Milk (1l)16.43 NOK
Fresh bread (500g)22.6 NOK
White Rice (1kg)25.08 NOK
Eggs (12) 34.97 NOK
Local Cheese (1kg) 90.97 NOK
Chicken Breast (1kg) 100.91 NOK
Apples (1kg) 25.25 NOK
Oranges (1kg) 20.84 NOK
Tomato (1kg) 27.25 NOK
Potato (1kg) 17.51 NOK
Lettuce (1 head) 19.68 NOK
Water (1.5l)19.43 NOK
Bottle of Wine (Mid-Range) 137.88 NOK
Domestic Beer (0.5 bottle)27.02 NOK
Foreign beer (0.33 bottle) 36.08 NOK
Cigarettes104.69 NOK
One way local bus ticket41 NOK
Monthly pass for bus598 NOK
Taxi start77.28 NOK
Taxi 1km16.55 NOK
Taxi 1hour waiting422.28 NOK
Gasoline (1 liter) 16.59 NOK
Tennis Court Rent (1 Hour on Weekend) 248.59 NOK
Apartment (3 bedrooms) in City Centre 15.3 NOK
Apartment (3 bedrooms) Outside of Centre 12.61 NOK

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