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Economy

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.

Bjarni Benediktsson and Sigmundur Davíð Gunnlaugsson

Will Capital Controls be Lifted?

The economic measures introduced by the government Wednesday are the largest ever in Icelandic history, according to Finance Minister Bjarni Benediktsson.

Money - Icelandic Króna

Benefits Increase More than Salaries

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.

Money - Icelandic Króna

Creditors Will Pay ISK 120 Billion

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.

Money - Icelandic Króna

Inflation Goes Down

The 12-month rate of inflation in Iceland now measures 1.9 percent, according to Statistics Iceland.

Landspítali National University Hospital

Iceland Hospital Jobs Popular in Britain and Spain

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.

Money - Icelandic Króna

Optimism and Upswing in All Sectors

Business directors’ assessment of the current employment situation is similar to what it was at the beginning of the financial boom in 2004, and their forecast for the next six months is better than what it was during the boom, between 2004 and 2007.

Icelandic Bank Welcomes Refugees

The analysis department at Arion Bank has released a report saying that welcoming a large number of refugees to Iceland would be a very extensive and expensive project, but that the long-term economic effect would be a positive one—adding that there is little to suggest that the move would cause...

Computer

Iceland Most Expensive in Five out of Twelve Categories

Iceland ranked as most expensive in five of the 12 goods and services categories studied in 37 European countries, according to new figures from Eurostat. Clothes, shoes, household appliances, electronics and transportation services were all more expensive than elsewhere.

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