News Tagged with “Economy”

Icelanders are amongst those implicated in the Paradise Papers.

Icelandic names in the Paradise Papers

8 Nov Amongst the individuals found in the Paradise Papers are the names of Icelandic investors Björgólfur Thor Björgólfsson, Gísli Hjálmtýsson and Róbert Guðfinnsson, as well as a few employess of the National Power Company of Iceland.

Tourists aren't shopping for puffin toys so much anymore.

Downturn in Puffin shops in Iceland

16 Sep Tourists are spending less money in Iceland and the puffin shops are the ones hit the hardest.

Prime Minister Bjarni Benediktsson.

Iceland PM speaks at Global Positive Forum

14 Sep Icelandic Prime Minister Bjarni Benediktsson spoke at the Global Positivity Forum on Iceland championning the 2017 Positivity Index of Nations.

Unemployment in Iceland is 2%.

Least unemployment in Iceland of all OECD countries

13 Sep According to new figures, unemployment in Iceland is 2%, which is the lowest figure for unemployment of all the OECD counries. Two countries have under 3% unemployment, the Czech Republic (2.9%) and Japan (2.8%).

Benediktsson is surprised that Britain hadn't been tougher on their bankers.

Icelandic Prime Minister predicts another banking crisis

12 Sep In an interview with Sky News, Iceland PM Bjarni Benediktsson speaks of the last financial crisis in Iceland and predicts a new one, although he can't say when it will happen.

The Central bank of Iceland in Reykjavik.

Statement of the Monetary Policy Committee

15 Feb The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to keep the Bank’s interest rates unchanged. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore remain 5%.

Iceland's new government aims to reduce national debt.

Iceland’s new government’s economic policy

12 Jan Iceland's new coalition government has put forward an economic plan. Here are the highlights.

Tourists in Iceland blow billions on plastic

20 Dec Tourists have spent ISK 217 billion (approx. €1.8 billion) on their credit cards so far in 2016, with the month of November standing out as a period of strong growth for the Icelandic tourist industry.

Billions lost in Reykjavik accommodation black market

19 Dec Iceland is losing out on an estimated ISK 21.5 billion (€180 million) a year because of undeclared black-market accommodation rentals in Reykjavik, it has been claimed.

Tourists to thank for Iceland’s economic growth

14 Dec Tourists are to thank for the very strong growth currently enjoyed by the Icelandic economy, with tourist numbers expected to almost double over the next three years.

Black clouds on the horizon for Icelandic tourism?

“Iceland could be heading for another economic crash”

9 Dec Iceland could be heading for another economic crash if the Central Bank fails to take action to stop the strengthening króna affecting tourism.

Is Iceland now the most expensive country in the world?

5 Dec A strengthening national currency and rising prices mean that Iceland has by now probably toppled Switzerland from the top spot of richest countries in the world, figures suggest.

Budget talks loom as Iceland remains without a government

30 Nov Icelandic MPs are expected to be convened next week to debate the draft State budget for 2017 – despite the country still being run by a caretaker government.

Record year for Icelanders jetting abroad

29 Nov By the end of this year, Icelanders are expected to have taken 524,000 international flight departures from Iceland since 1 January – a 16.4% increase on last year.

Pétur Einarsson, director of Ransacked.

A film on the rise and fall of the Icelandic banks wins award

23 Nov "It was unexpected and nice to receive these news from Northern Ireland," says director Pétur Einarsson whose documentary, Ransacked, received an award for best documentary at the Foyle film festival.

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