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Oslo is the capital and most populous city of Norway. It constitutes both a county and a municipality. Founded in the year 1040 as Ánslo, and established as a kaupstad or trading place in 1048 by Harald Hardrada, the city was elevated to a bishopric in 1070 and a capital under Haakon V of Norway around 1300. Personal unions with Denmark from 1397 to 1523 and again from 1536 to 1814 reduced its influence.