Explore what Norway has to Offer
Norway is renowned for its incredible beauty…this place is a mixture of serene wilderness…breath-taking fjords…quaint, colorful fishing villages…and traditions. Here it’s possible to really appreciate the wonders of nature. Norway is also a wealthy country, with a highly developed economy.
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- Population: 4,722,701
- Capital City: Oslo
- Climate: Temperate along coast; colder interior with increased precipitation and colder summers
- Time Zone: GMT+1
- Language: Norwegian
- Country Code: 47
- Location: Northern Europe, west of Sweden
These days, most developed countries have huge government debts. But there’s one country with massive net assets. It also has substantial natural resources and twin surpluses (budget and current account). Despite this, its stocks are on sale right now. And these stocks could net you a solid return over the coming years—if you act quickly.
Scandinavia is one of the most expensive regions in the world… and Norway is usually the most expensive country within Scandinavia. But thanks to a falling oil price coinciding with a rising U.S. dollar, Norway is on the bargain counter. The Norwegian krone recently touched a 13-year low against the dollar, while the shares of Statoil, Norway’s largest oil company, recently bounced off a six-year low (in dollar terms). These multi-year lows offer enticing buying opportunities for the forward-looking investor.
The gentle waters of Peru’s Madre de Dios river lap the shore just inches away. A welcoming breeze begins to push away the jungle heat. Iguanas scurry about chasing each other in a game of tag. I am totally relaxed as the resort’s masseuse works on my tired muscles in an outdoor cabana. My morning was spent trekking through the jungle in the Peruvian Amazon where I discovered brilliantly colored plants and heard the unfamiliar sounds of nearby wildlife. Now I’m taking a break for a massage inside the thatched-roof cabana by the river.
I pull back the curtains, feel the crisp refreshing air, and look out over the waterfront at the colorful buildings of this Art Nouveau town…excited about the “work” day ahead. I’m in picturesque Ålesund, Norway. This jewel-like coastal town is the gateway to Norway’s spectacular Geiranger Fjord making it the perfect base from which to explore the region—and that’s my job for the day.
Not the safest religious tradition we’ve ever heard of, but the Fire Wheel Festival in Sinca Noua, located near the city of Brasov, Romania, does sound like quite a sight. Celebrating the start of Orthodox Lent on March 3, the village asks its young men to roll hay wheels to the top of a local hill before each wheel is set alight. What follows is a true feast with music, drinking, and dancing.
One advantage of living in Europe is that cheap airfares make the rest of it so accessible. I’ve just got back home to Ireland after an unofficial three-day jaunt to the Grand Duchy of Luxembourg. This tiny country holds the title for the highest per capita consumption of wine in the world, so there was a good reason to go bar-hopping.
We’ve all seen the phrase “new and improved” countless times. It’s on everything from cereal boxes to cosmetics. No doubt someone in a lab somewhere tweaked the latest wrinkle cream and declared it new and improved. I think I should have a “new and improved” tag on my life—it has certainly had some tweaking in the last few years!
This has been quite a year. It started in January with a weekend in West Virginia riding all-terrain vehicles on the Hatfield & McCoy Trails…hand-feeding black bears…and dancing to bluegrass music. In February I drove a reindeer sleigh through a winter wonderland in Roros, Norway. I kept myself warm by sampling aquavit along the newly developed Aquavit Trail around Trondheim.
I’ve always been one of those people who won’t settle for “ordinary.” Sure, I have done my share of everyday things…but if I can find a way to step beyond the run-of-the-mill, you can bet I will! One of the ways I left “ordinary” behind was with my career. I spent many years working as a tax accountant—I knew there had to be a better way to spend my time.
Most folks know Norway for spectacular fjords, Viking history, and midnight summer sun. And any one of those attractions makes a visit worthwhile. But in the central Trondelag region, famous for its moonshine, you’ll find another national treasure…aquavit.
Norway is uniquely placed to protect wealth. It is outside the euro zone, has low public debt, ultra-low unemployment, and a strong and stable currency. It also has the world’s largest sovereign wealth fund…with a staggering $664 billion under management. Think of Norway as the Saudi Arabia of Europe.
Wherever vines grow, life is usually pleasant. So no surprise that France heads IL’s latest Quality of Life Index. A first-class health care system…a culture that isn’t based on inane celebrity worship…food that’s fit to eat.