First Summer Ferry Arrives in Seyðisfjörður

Seyðisfjörður Norræna ferry

The first summer ferry docked in the East Fjords town of Seyðisfjörður yesterday, RÚV reports. During its first visit of the summer, the ferry was carrying 750 passengers, 120 crew members, and 400 vehicles. This was the first of 11 planned journeys that the Norröna, operated by Faroese company Smyril Line, will make from Denmark to Seyðisfjörður this summer.

The Norröna, which departs from Hirtshals, Denmark and on certain journeys stops over in the Faroe Islands en route to Iceland, can accommodate up to 1,000 passengers. (It’s worth noting that the population of Seyðisfjörður is, by contrast, 673.) Based on previous years’ bookings, Germans make up the ferry’s largest group of passengers, followed by Danes, Faroese, Dutch, and French travellers.

The customs office in Seyðisfjörður said that nothing unusual occurred during yesterday’s inspection, although increased attention is being paid this year to whether a vehicle on the ferry is being brought into Iceland for personal use or business. If there is a business reason for the vehicle to be coming ashore, an additional fee must be paid.

Six Hundred Jobs Could Be Lost in Next Six Months

As many as 600 jobs may be lost within the next six months, Kjarninn reports. This per a recent survey of managers at the 400 largest companies in Iceland, which was conducted by Gallup on behalf of SA, the Confederation of Icelandic Enterprise, and the Central Bank of Iceland.

The surveyed managers’ assessments of the current economic climate are somewhat at odds, as just as many managers reported thinking that the economy is currently in a good position as in a bad one. However, far more of the respondents think that the economy will get worse, rather than better, in the near future.

Respondents expect inflation to reach 3% over the coming year; inflation is currently at 3.6%, as compared to an average of 2.5%.

Both Statistics Iceland and the Central Bank of Iceland are predicting an economic decline in the coming year. The Central Bank predicts a decline of 0.4%, while Statistics Iceland predicts a decline of 0.2%.

The potential loss of jobs in the coming months is in significant contrast to the economic growth experienced last year. Statistics Iceland reports a 4.6% increase in GDP last year, with 6,500 new jobs created between January and December 2018.