History of Norway company by 1985, just to go bankrupt by 1993. Unemployment reached record-high levels in the early 1990s. By 1990 Norway was Europe's largest oil producer and by 1995 it was the world's second-largest oil exporter. Membership in the European Union was rejected in a 1994 referendum, with Norway instead joining the European Economic Area and later also the Schengen Area. Large public investments in the 1990s were a new National Hospital and Oslo Airport, Gardermoen—connected to the capital with Norway's first high-speed railway, the Gardermoen Line. A number of large government companies, such as Statoil, Telenor and Kongsberg were privatized.
Mongolia–Norway relations Mongolia–Norway relations Mongolia–Norway relations refers to the bilateral relationship of Mongolia and Norway. Diplomatic relations were established on 11 January 1968. Neither country has a resident embassy. Mongolia is represented to Norway via its embassy in Brussels, while Norway is represented in Mongolia by its embassy in Beijing. There is also a Norwegian honorary consulate general in the Mongolian capital Ulaanbaatar. Mongolia plans to establish an embassy in Stockholm and move the representative in Brussels. The move is to facilitate the development of bilateral contacts and have stronger relations between Norway and Mongolia. There are currently about 20 Norwegians in