Iceland’s balance of payments improved substantially in December.
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.
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.
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...
Iceland’s GDP (gross domestic product) for the first two quarters of 2015 increased by 5.2 percent compared with the same period of 2014. Total domestic final expenditure increased by 7.3 percent, as Statistics Iceland reported this morning.
The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to raise the bank’s interest rates by 0.5 percentage points.
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.
Prime Minister of Iceland Sigmundur Davíð Gunnlaugsson is currently on an official visit to Brussels for the first time since Iceland terminated accession talks with the EU in March, where he met with President of the European Council Donald Tusk today and President of the European Commission...
Iceland’s GDP is about 20 percent above the EU average, a new report reveals. GDP is highest of all in Luxembourg and Norway.
Municipalities in Northwest Iceland have signed a declaration of intent and a cooperation agreement with Klappir Development ehf. on the construction and operation of a 120,000 ton aluminum smelter they hope to build at Hafursstaðir in Skagabyggð.