May 20, 2020 - Iceland Review Skip to content

Day: May 20, 2020

Politics

One Third of Parliamentarians Report Being Victims of Bullying

Over one third of MPs who responded to a recent survey said they had been subject to bullying during their time in parliament. The survey on bullying and sexual and gender-based harassment of MPs and parliamentary staff was conducted last January and February by the University of Iceland’s Social Science Research Institute. Speaker of Alþingi […]

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Central Bank Ásgeir Jónsson seðlabankastjóri
Economy

Iceland’s Central Bank Lowers Interest Rates to Record 1%

The Monetary Policy Committee of the Central Bank of Iceland has decided to lower the bank’s interest rates by 0.75%. The bank’s key interest rate will now be 1%, representing a historic low. The Central Bank’s new macroeconomic forecast projects an 8% contraction in GDP in 2020 followed by GDP growth of nearly 5% in […]

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Icelandair cabin crew
Economy

Tensions Rise in Icelandair and Cabin Crew Negotiations

As negotiations with the Icelandic Cabin Crew Association (FFÍ) drag on without resolution, Icelandair has considering hiring cabin crew from outside the union, according to Fréttablaðið’s sources. The airline is aiming to reduce its salary expenses by 20% before a shareholders’ meeting on Friday where parties will vote on an ISK 29 billion ($200 million/€1.82 […]

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