The Norwegian parliament; Stortinget.
From Wikipedia, the free encyclopedia
Norway is a country in Northern Europe occupying the western portion of the Scandinavian Peninsula, as well as Jan Mayen and the Arctic archipelago of Svalbard under the Spitsbergen Treaty. The majority of the country shares a border to the east with Sweden; its northernmost region is bordered by Finland to the south and Russia to the east. The United Kingdom and Faroe Islands lie to its west across the North Sea, Iceland and Greenland lie to its west across the Norwegian Sea, and Denmark lies south of its southern tip across the Skagerrak Strait. Bouvet Island and Peter I Island are dependent territories (Norwegian: biland) of Norway, but not considered part of the Kingdom. Norway also lays claim to a section of Antarctica known as Queen Maud Land, a claim that has been recognised by Australia, France, New Zealand and the United Kingdom. Norway's extensive coastline, facing the North Atlantic Ocean and the Barents Sea, is home to its famous fjords.
After the Second World War, the country experienced rapid economic growth, particularly as a result of large oil deposits discovered in the early 1970s. Today it ranks amongst the wealthiest countries in the world, with the largest capital reserve per capita of any nation. In August 2009 the nation's sovereign wealth fund announced that it owned approximately 1% of all the stocks in the world, presumably referring to publicly traded stocks. Norway is the world’s seventh largest oil exporter and the petroleum industry accounts for around a quarter of its GDP. Following the ongoing financial crisis of 2007-2009, bankers have deemed the Norwegian krone to be one of the most solid currencies in the world.
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