News Tagged with “Economy”

Icelandair- Wow merger could open up new market areas

7 Nov Icelandair's acquisition of WOW air could create opportunities for the Icelandic tourist industry.

Icelandair shares surge following WOW acquisition

5 Nov Shares in Icelandair have surged since today's announcement that they are buying WOW air.

Icelanders are amongst those implicated in the Paradise Papers.

Icelandic names in the Paradise Papers

8 Nov 2017 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 2017 Tourists are spending less money in Iceland and the puffin shops are the ones hit the hardest.

Iceland PM speaks at Global Positive Forum

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

Least unemployment in Iceland of all OECD countries

13 Sep 2017 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 2017 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 2017 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 2017 Iceland's new coalition government has put forward an economic plan. Here are the highlights.

Tourists in Iceland blow billions on plastic

20 Dec 2016 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 2016 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 2016 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 2016 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 2016 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 2016 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.