Many variables could affect the tourism industry in Iceland over the coming years.
A bill proposing the establishment of a national reserve fund will be put before the Icelandic parliament in the fall.
Iceland has risen four spots in the World Economic Forum's Global Competitiveness Index since last year.
The Icelandic Treasury’s debt has fallen by over ISK 88 billion ($809m/€710m) over the past 12 months.
The time of sharp real estate market growth in Reykjavík is over, according to a report released yesterday by Landsbankinn bank.
Preliminary figures for 2016 indicate Iceland’s GDP per capita was 28 percent above the EU28 average.
Use of foreign payment cards in Iceland amounted to ISK 188 billion (USD 1.8 billion/EUR 1.5 billion) in the first eight months of 2017, or ISK 23.5 billion per month.
Höskuldur H. Ólafsson, CEO of Arionbanki bank, stated it is not out of the question for United Silicon to declare bankruptcy at the beginning of next month.
Statistics Iceland has published its latest issue of Statistical Series, which presents the economic forecast for 2017-2023.
Icelandic landscape has become prominent in a lot of film blockbusters and television series. A key part of the nation’s recovery from the 2008 financial crisis was an influx of foreign investment, driven by a weaker currency. This made it possible for a lot of high profile Hollywood projects to...
A new report estimates that ISK 372 billion (USD 3.5 billion/EUR 3 billion) is needed to repair infrastructure in Iceland.
Those with the highest wages in Iceland between 2014 and 2016 also experienced the highest wage increase.
Over 24,000 foreigners were in the Icelandic labour market in June and their numbers have increased by 17 percent over the last 12 months.
Icelandic companies will not be able to compete with those in neighboring countries if wages continue to increase.
American newspaper The Wall Street Journal published an article on Iceland’s tourism industry yesterday.
This June, the nominal wage index rose 1 percent from the previous month and 7.3 percent compared with the same time the previous year.