20 Dec 2016Tourists 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.
19 Dec 2016Iceland 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.
9 Dec 2016Iceland could be heading for another economic crash if the Central Bank fails to take action to stop the strengthening króna affecting tourism.
7 Dec 2016Wage rises and an ever more expensive króna will put prices up for tourists from Iceland’s main markets and could harm the tourist industry, an industry leader warns.
5 Dec 2016A 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.
2 Nov 2016“I expect the Iceland parliament to reverse this decision,” he told reporters, indicating that his pay rise would not be going into his pocket, but “elsewhere”.
26 Oct 2016International credit rating agency S&P Global Ratings has in the past few days raised the credit rating of all three of Iceland’s major banks.
24 Oct 2016The richest 10% of people in Iceland had almost 32% of all disposable income in 2015 – up from 27% back in 1977, according to a new report from the Icelandic Confederation of Labour (ASÍ).
14 Oct 2016From 1 January next year, the general public in Iceland will no longer be required to produce proof of foreign travel abroad in order to withdraw foreign currency at banks.
11 Oct 2016One pound sterling buys just ISK 140 today – a full ISK 50 less than one year ago – making Iceland a significantly more expensive place for British tourists.
11 Oct 2016Over the first eight months of 2016, Icelanders departed on 351,000 trips abroad – up 20% on the same period in 2015 and the highest number ever.
10 Oct 2016A prominent Icelandic economist has predicted tough economic times ahead for Iceland, with the current tourism boom only going some way towards mitigating the effects.
