Iceland ranks 27th on a list of countries in the 2016-2017 Global Competitiveness Report, published by the World Economic Forum.
Moody’s Investor Service raised the credit rating for the Icelandic state treasury by two points, from Baa2 to A3 yesterday, with stable outlook. Iceland’s credit rating has not been higher since in late 2008.
The Icelandic pension funds hold at least 40 percent of shares on the local stock market worth approximately ISK 365 billion (USD 3.1 billion, EUR 2.8 billion). Their combined share has increased by nine percent in three years.
In a new economic forecast presented today, Íslandsbanki bank predicts a GDP growth of 5.4 percent in Iceland this year, the highest one in a decade.
In last night’s closing speeches before summer recess in Alþingi, the Icelandic parliament, MPs discussed the main events of the parliamentary session and stressed their policies.
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.
Stock prices at NASDAQ OMX Iceland, the Iceland stock exchange, went down considerably today, for the second trading day in a row.
Private consumption in Iceland this year is expected to exceed that of 2007, the year before the financial crisis.
There appears to be disagreement within the Icelandic government regarding the support of Western sanctions against Russia.
Norway is the world’s best country to live in, according to the latest Human Development Index figures.
The Monetary Policy Committee of the Central Bank of Iceland announced yesterday it would raise the bank’s interest rates by 0.25 percentage points.
The economic measures introduced by the government Wednesday are the largest ever in Icelandic history, according to Finance Minister Bjarni Benediktsson.
Chairperson of the Left-Green Movement Katrín Jakobsdóttir would like to see a “social bank” established in Iceland.
Benefit payments in Iceland have increased more than salaries over the last year. While salaries have increased by 6.1 percent, social security payments have gone up by 10 percent during the same period, according to Tímund, the newsletter of the Icelandic Directorate of Internal Revenue.
Far too many senior citizens must get by with ISK 1,000 (USD 7.90, EUR 7.02) a day for food and medicine.
At a meeting in Harpa concert hall today, the creditors of Kaupþing Bank agreed to pay ISK 120 billion (USD 937 million, EUR 839 million) in stability contribution in order to be exempt from capital controls.
The 12-month rate of inflation in Iceland now measures 1.9 percent, according to Statistics Iceland.
12 of 15 applicants for vacant radiologist posts at Reykjavík’s Landspítali hospital are from Spain or the UK. The X-ray department chief at the hospital says it is highly likely that at least some of them will start working at the hospital in the coming weeks.
The community of Grímsey, 40 km (25 miles) off the north coast of Iceland, faces a difficult situation.