Yesterday, the daily market bulletin of Icelandic bank Íslandsbanki included a discussion of the Icelandic Króna, ISK, and the possibility of further heavy-industry projects in Iceland. Íslandsbanki attributes the reversal of the ISK’s recent slide to expectations that some of the projects now being aired will come to fruit.
Meanwhile, the daily market bulletin of Icelandic bank Landsbanki reported yesterday that the level of short term indebtedness of Icelandic households, as evidenced by bank overdrafts, was back to previous high levels after the wave of mortage refinancings that took place over the past year.
In a new economic outlook for Iceland released yesterday, OECD voiced several concerns about the state of economic affairs in Iceland. It claimed that the economy was overheating and warned against inflation and “huge external deficits and debt levels”.
Morgunblaðið reports today that Iceland Express has started flying into Hahn airport in the vicinity of Frankfurt. The company also expects to announce several additional destinations shortly, bringing the total number of flight routes from three (Frankfurt, London and Copenhagen) to four, or even six, according to Birgir Jónsson, the CEO of Iceland Express.
The short film festival Reykjavik Shorts and Docs will open tomorrow at downtown theater Tjarnarbíó, close to the City Hall and on the banks of landmark lake Tjörnin.
