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Governor of the Central Bank of Iceland Már Guðmundsson stated on Monday that it is important that salary increases such as the ones included in a recent wage contract with nurses at Landspítali National University Hospital do not spread to other professions.
The Central Bank of Iceland. Photo copyright Icelandic Photo Agency.
Már reasoned that if the move were to cause similar developments on the entire labor market, it would fuel the inflation and the Central Bank’s Monetary Policy Committee would be bound to react by raising interests, ruv.is reports.
“There are of course examples from the past of single group obtaining pay raises above others,” Már stated, stressing the importance of the increase remaining a relative change in salaries for the respective profession, which would coincide with target inflation.
Már and the Central Bank’s chief economist expressed their concerns in a meeting with the Economic Affairs and Trade Committee of Alþingi, the Icelandic parliament, yesterday.
Click here to read more about the pay raises for nurses.
ESA
Iceland’s northernmost island is no longer one island. In a recent surveillance excursion to the Kolbeinsey, the Icelandic Coast Guard discovered that the island is now divided in two.
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Iceland is among the top five OECD-countries where immigrants help to boost the economy and increase nation-wide production by approximately 1 percent, according to a new report from the OECD.
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Neither Prime Minister of Iceland Sigmundur Davíð Gunnlaugsson nor Minister of the Interior Hanna Birna Kristjánsdóttir have responded to Edward Snowden’s request for a political asylum in Iceland, as spokesperson for Wikileaks Kristinn Hrafnsson wrote in a letter published in Fréttablaðið today.
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The first fin whale to be hunted in Iceland this season was killed by the crew of whaling vessel Hvalur 8 yesterday evening. The vessel, which set out yesterday along with Hvalur 9, is expected to unload the catch today.
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The 2013 June-July issue of Iceland Review is out. Themed ‘We Are Young’ the magazine celebrates the arrival of summer by interviewing young energetic Icelanders who excel in art, sports, business and politics—and Sigmundur Davíð Gunnlaugsson, the youngest PM in the republic’s history and the world’s youngest ruling state leader. Click here to take a look at a selection of the current issue and here to subscribe to the magazine.
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amiina
The road to Höfn, a 1,690-person harbor town by the fjord Hornafjörður, is lined with reindeer. Whole herds of the wild horned animals rest peacefully on withered pastures, grace next to sheep and horses and bounce along the road. Soon, Vatnajökull, Europe’s largest glacier and the region’s biggest attraction, comes into view. Looming over Höfn, its outlet glaciers flow down from the mountains on which the bright white icecap rests.
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Sin Fang will celebrate the release of his third album with a release concert in Iðnó on June 12. Flowers was released in February by Morr Music and has been well received by music enthusiasts and critics alike. The concert will be supported by Vök, this year’s winners of the Icelandic Music Experiments.
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