Despite the consumer price index increasing by 0.59% month-on-month, the annual inflation rate has decreased to 9.8% (down from 10.2% in February). The Finance Minister
An economist with the Icelandic Confederation of Labour (ASÍ) has expressed worry over the housing market’s “weak support system” and has called on the government
The Monetary Policy Committee of the Central Bank of Iceland has raised interest rates a further 1%. This is the twelfth rate hike in a
According to a real-estate developer in the capital area, the process of selling apartments has lengthened considerably as compared to the autumn. Last fall, every
Iceland’s Central Bank published its semi-annual Financial Stability report today. As noted in the report, the Financial Stability Committee has decided to increase the countercyclical
Iceland’s government will make sweeping changes to its work permit system for foreigners from outside the European Economic Area. The changes are intended to attract
Fréttablaðið reports that Efling chairperson Sólveig Anna Jónsdóttir has accepted the most recent mediation proposal. Voting closed today, March 8, for the latest off in
Elon Musk, the owner of Twitter, entered into a fiery Twitter debate with Icelandic entrepreneur and philanthropist Haraldur Þorleifsson, who was laid off from the
The Icelandic Confederation of Enterprise (SA) had the legal right to call a lockout of Efling Union workers in the ongoing wage negotiations between the
The planned lockout by the Confederation of Icelandic Enterprise (SA) against Efling trade union has been postponed for at least four days. Originally scheduled to
