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Economy

Star Wars: A Rogue One scene filmed in Iceland

In Focus: Iceland Is Too Expensive For Hollywood

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...

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.

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