Icelandic credit information company Creditinfo will move its headquarters abroad. The company employs around 300 people in 17 countries and reported profits of around ISK 500 million last year, according to news website kjarninn.is .
According to head of the Central Bank of Iceland, Már Guðmundsson, it is impossible to loosen the financial restrictions in place in Iceland without jeopardizing its economical and financial stability. The statement was made in the foreword of a recent publication of the Central Bank.
According to a new poll carried out by MMR, 47.3 percent of the Icelandic population is dissatisfied with the government’s draft bill for the reduction of household debt.
Unreported economic activity seems to be on the rise in Iceland’s tourism industry, according to the Confederation of Icelandic Employers (SA). SA found that tax revenue from the tourism industry is not in line with the increase in tourists to Iceland.
“We all know that the Icelandic króna is not to the benefit of the Icelandic population. It actually benefits politicians and public officials. They can maintain central control of the system,” said Heiðar Már Guðjónsson, economist and head of the board of directors of Vodafone, in an interview...
The introduction of the quota system in Icelandic fisheries in the 1980s has resulted in consolidation in the fishing industry. Today the ten largest companies hold over 50 percent of the quota.
Google, the third most valuable company in the U.S., is heading to Iceland. The company’s CEO met with President of Iceland Ólafur Ragnar Grímsson a short time ago to sign an agreement for the relocation of the company’s headquarters to Northeast Iceland.
Russian tourists to Iceland spend more money than tourists from any other country. The average Russian tourist visiting Iceland spends 250 percent more than the second-placed Norwegian tourist, according to a new report from Landsbanki. The report was prepared for the bank’s conference about the...
The government announced that it hopes that it will be able to open a web portal for applications for debt cancellation as of May 15. Finance Minister Bjarni Benediktsson announced the news on RÚV yesterday.