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- The 1995 enlargement of the European Union saw Austria, Finland and Sweden accede to the European Union (EU). This was the EU's fourth enlargement and came into effect on the 1 January of that year.

On 30 March 1994, accession negotiations concluded with Austria, Sweden, Finland and Norway. Their accession treaties were signed on 25 June of that year. Each country held referendums on entry resulting on entry for all except Norway (its second failed referendum).

- Norway decided that he doesn’t want to join - Norway had negotiated to join alongside the other three but following the signing of the treaty, membership was turned down by the Norwegian electorate in the 1994 national referendum. Switzerland also applied for membership on 26 May 1992, but withdrew it after a negative referendum result on 6 December 1992.

Thanks to a prosperous oil industry and shrewd investment of the returns, Norway has accumulated one of the largest pension funds in the world, second only to Japan’s, and its per capital GDP is the fourth highest in the world.