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Welcome
to our Hotel Network!
Your non stop hotel reservation guide for Hotels in
Norway. We
searched multiple suppliers for the best Room Rate available. Often
GDS (Global Distribution System) suppliers have different room rates, due
to the fact that they individually buy blocks of rooms from hotel chains.
Check
first our Last Minute &
Hot Deals where we put a Monthly update of all known LAST MINUTES! of
all Hotel Reservation Suppliers. This to get & let you informed about
all known Discounted deals in Europe!
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Despite its neutrality, Norway was not able to avoid occupation by Germany
in World War II. 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. The current focus is on containing
spending on the extensive welfare system and planning for the time when
petroleum reserves are depleted. In referenda held in 1972 and 1994, Norway
rejected joining the EU.
The Norwegian economy is a prosperous bastion of welfare capitalism,
featuring a combination of free market activity and government intervention.
The government controls key areas, such as the vital petroleum sector
(through large-scale state enterprises). The country is richly endowed with
natural resources - petroleum, hydropower, fish, forests, and minerals - and
is highly dependent on its oil production and international oil prices; in
1999, oil and gas accounted for 35% of exports. Only Saudi Arabia and Russia
export more oil than Norway. Oslo opted to stay out of the EU during a
referendum in November 1994. Growth picked up in 2000 to 2.7%, compared with
the meager 0.8% of 1999, but fell back to 1.3% in 2001. The government moved
ahead with privatization in 2000, even proposing the sale of up to one-third
of the 100% state-owned oil company Statoil. With arguably the highest
quality of life worldwide, Norwegians still worry about that time in the
next two decades when the oil and gas begin to run out. Accordingly, Norway
has been saving its oil-boosted budget surpluses in a Government Petroleum
Fund, which is invested abroad and now is valued at more than $43 billion.
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