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Economy

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.

Flateyri, West Fjords

Strong Króna Tough for Fish Processing

Representatives of fish processing companies in the northern part of the West Fjords are worried about the strong value of the Icelandic króna, which has caused them a considerable loss of income.

Construction.

Bank Boss Hails Low-Debt Growth

There is high demand for credit in the banking system in Iceland and levels of investment have increased, according to director of Íslandsbanki, Birna Einarsdóttir. She says that society finds itself in a very different place today than in 2007, before the banking crash.

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