Norway's Conservatives clinch coalition deal


Chairman of the Norwegian Conservative Party Erna Solberg (R) and Chairman of the Progress Party Siv Jensen make an announcement at Sundvolden Hotel, some 40 km (25 miles) from Oslo, October 7, 2013. REUTERS/Vegard Grott/NTB Scanpix

SUNDVOLLEN, Norway (Reuters) - Norway's centre-right parties agreed on the terms of their coalition government on Monday, promising to lower taxes, reduce the economy's reliance on the vast oil sector, invest heavily in infrastructure and curtail immigration.

The Conservatives, led by prime minister-designate Erna Solberg, and their smaller ally, the populist Progress party, cleared one of the last major hurdles with the deal, paving the way for the two to take power on October 18 after winning elections last month.

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