Tourists in Iceland in winter

One Million USD to Market Iceland

The marketing organization Iceland Naturally will receive USD 1 million (ISK 339 million, EUR 735,000) per year until the end of 2016 to promote Iceland and make Icelandic products and services more visible on the North American market.


Glamour to Iceland

The biggest media company in Iceland, 365 miðlar, has signed a contract with Condé Nast to produce an Icelandic version of Glamour magazine.

Icelandair plane

Still No Agreement between Icelandair and Pilots

Negotiations between pilots and Icelandair on a new collective bargaining agreement were broken off at around midday today. A new meeting has not yet been scheduled ahead of a planned strike on Friday from 6 am to 6 pm.


Icelandic Hamburger Restaurant Opens in Berlin

Icelandic hamburger restaurant Hamborgarabúlla Tómasar opened Tommi’s Burger Joint in Berlin on Friday. The restaurant is proving so popular that the hamburgers sold out two hours before closing time on its opening day.

Pilot Strike Could Cost Iceland Billions

Icelandair has announced that the strike by the airline’s pilots could cost the company at least ISK 1.5-1.7 billion (USD 13.3-15 million, EUR 9.6 million-11 million). Other businesses are also reporting losses as a result of the strike.

fishermen at work

Unemployment in Iceland Unchanged

A total of 10,500 people out of 181,900 in the labor force in Iceland were unemployed and in active job search during the first three months of this year.

Icelandair plane

Icelandair Pilots Threaten Walk Out

With the Icelandic airport workers’ dispute still unresolved, there is more potential bad news for air passengers as Icelandair pilots prepare for an overtime ban and possible strike action.

Money - Icelandic Króna

Small Savings Bank Grilled Over Pizza

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.

Credit cards

Creditinfo HQ to Move Abroad

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

Tourists in Iceland in winter

Black Labor on Rise in Tourism Industry

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.

Money - Icelandic Króna

Economist: Icelandic Króna “Only Benefits Politicians”

“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...