News Tagged with “Economy”

Positive Economic Growth Predicted

6 Dec According to a new Arion Bank economic forecast, the Icelandic economy will grow by 0.3 percent this year.

Blue Economy Report Predicts Major Change

3 Dec A new future report is out on the blue economy in Iceland, that is, the exploitation and preservation of the marine environment.

Iceland Loses Large Amounts to Tax Havens

25 Nov A recent report, published on the website missingprofits.world, shows that Iceland loses 15 percent of its corporate tax revenue to tax havens.

US President Donald Trump and Chinese President Xi Jinping in Japan in June.

Iceland’s Choice: the US or China

16 Oct In the coming years, Icelanders must decide whether to follow China or the US, in terms of trade and international affairs.

Tourists by Goðafoss waterfall, North Iceland.

Nearly 2.2 Million Tourists Expected 2021

26 Sep After experiencing a roughly 13 percent decline in the number of tourist this year, the Icelandic tourism industry is expected to grow again next year.

The monetary policy committee of the Central Bank of Iceland. Seated are Central Bank Governor Ásgeir Jónsson and Rannveig Sigurðardóttir. Standing behind them, from left, are Þórarinn G. Pétursson, Katrín Ólafsdóttir and Gylfi Zoëga.

Central Bank Lowers Interest Rates

28 Aug The monetary policy committee of the Central Bank of Iceland announced its decision today to lower the bank’s interest rates by 0.25 percentage points.

Ásgeir Jónsson Appointed Governor of Central Bank

25 Jul Ásgeir Jónsson, PhD, has been appointed governor of the Central Bank of Iceland.

Tourists Spend More than Before

19 Jul In June, card expenditure of tourists in Iceland exceeded that of June, last year.

Hafnartorg offers the most expensive apartments in Reykjavík.

Hundreds of Downtown Apartments for Sale

27 Jun The majority, or 64 percent, of new apartments in downtown Reykjavík have not yet sold.

Iceland Is Europe's Most Expensive Country

26 Jun Yes, we knew it … Iceland is expensive.

Tourists are generally very pleased with their stay in Iceland, according to a travel industry expert.

Price and Quality Must Go Together

29 Apr Tourists who visit Iceland are generally very pleased with their stay, a travel industry expert reports, even though Iceland is among the world’s most expensive destinations.

Container Port Creates Controversy

23 Apr Icelandic Minister for the Environment Guðmundur Ingi Guðbrandsson, who in 2012 opposed the building of a container port in Finnafjörður fjord, Northeast Iceland, now declines to comment on the matter.

Sólveig Anna Jónsdóttir, leader of Efling union and Prime Minister Katrín Jakobsdóttir.

Wage Contracts and Quality of Life Deal Signed

4 Apr Last night, representatives of close to 30 Icelandic unions with more than 100,000 members signed a wage agreement with SA Confederation of Icelandic Enterprise.

Bjarni Benediktsson wants to begin the sale process of Íslandsbanki and Landsbanki this year.

Minister of Finance wants state to sell Íslandsbanki

14 Jan 2019 Bjarni Benediktsson, Ministser of Finance and Economy says that the state needs to pull out of its extensive ownerships of Icelandic banks, sell Íslandsbanki and keep a 35- 45 % share of Landsbankinn.