News Tagged with “Economy”

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 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.

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.