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Economy

Icelandic money

Is Icelandic Króna Too Strong?

The strong value of the Icelandic króna has begun to threaten Icelandic companies, and as a result, jobs, Iceland’s Minister of Finance Benedikt Jóhannesson told RÚV earlier this week.

Snow in Reykjavík.

Fear Drives Housing Prices Up

The price of real estate in Iceland is no longer driven by increased purchasing power, but rather by a lack of housing and the fear that the housing supply will continue to diminish.

Icelandic money

Iceland Lifts Capital Controls

At a press conference yesterday, Icelandic Prime Minister Bjarni Benediktsson and Minister of Finance Benedikt Jóhannesson announced that all capital controls for individuals, companies and pension funds will be lifted tomorrow.

Icelandic money

Budget Bill in Nutshell

The Icelandic government’s budget bill was presented in Alþingi, the Icelandic parliament, yesterday when Alþingi reconvened.

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