Mistakes at the Icelandic tax office could be costing millions of krónur.
A continuing dispute between the Icelandic state and staff of Isavia, the country’s airports and air navigation service, means more strike action and flight delays this morning.
As the fall-out from Iceland’s banking crisis continues to make headlines half a decade on, a small savings bank’s dabbling in pizza is the latest embarrassing revelation.
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.