Icelanders will head to the voting booths on September 25, where individuals from the country’s various parties will vie for 63 seats from the country’s six constituencies: the Northwest (8), Northeast (10), South (10), Southwest (13), Reykjavík South (11), and Reykjavík North (11). The elections could mark the first time that women gain a majority […]
“By and large controlled by special interest.” In a recent interview with Stundin, Ásgeir Jónsson, Governor of Iceland’s Central Bank, stated that Iceland was “by and large, controlled by special interest” and that “quarrelling with them was no laughing matter.” Ásgeir’s comments were in part inspired by an ongoing dispute between the Central Bank and […]
If you’re anywhere near Reykjavík, you’ve most definitely felt an earthquake or two in the past weeks. Since Wednesday, February 24, an earthquake swarm has been rocking the southwest corner of Iceland with thousands of small to mid-sized earthquakes, the largest one measuring M5.7. At the time of writing, geology experts are certain that there’s […]
For many years, Iceland’s housing market has been characterised by sharply rising prices. Many may have expected the COVID-19 pandemic and associated recession to change that trend, but throughout 2020, real estate prices continued to rise. Perhaps even more unexpected, considering those rising prices and a worse economic outlook, a record number of sales took […]
Iceland is currently governed by Katrín Jakobsdóttir’s cabinet, made up of six men and five women from three different parties – the Left-Green Movement, the Independence Party, and the Progressive Party. All of the cabinet members also serve as members of parliament except Minister for the Environment and Natural Resources Guðmundur Ingi Guðbrandsson.
Fishing has always been a pillar of Iceland’s economy. In recent decades, consolidation and tech improvements have transformed the industry so that today most commercial
Between 2010 and 2012, Iceland “crowdsourced” a new constitution which was handed over to Parliament. A national referendum followed, where a majority voted for the document to be used as a foundation for constitutional reform. Yet it was never adopted. Fast forward nearly a decade: a group of activists is fighting for the “new constitution” […]
Iceland’s first case of COVID-19 was confirmed on February 28 in an Icelandic man in his 40s returning from Italy. The number of cases rose steadily until April 5, after which it started dropping as rapidly as it had shot up. In a matter of weeks, the country had managed to contain the SARS-CoV-2 virus, […]
For years, Iceland’s government considered selling 25-50% of Íslandsbanki bank, currently fully owned by the State Treasury. Reducing state ownership of financial institutions was a turnaround in Iceland’s financial policy that had been in development for years. With memories of the banking collapse still strong in the minds of the public, many were opposed to […]
On January 14, 2020, three large avalanches fell in quick succession in the Westfjords of Iceland. One avalanche fell in Súgandafjörður, directly across from Suðureyri, causing a tidal wave to strike the town that, ultimately, did little damage. The other two fell in Flateyri, causing more significant destruction. The timing of the avalanches was noteworthy. […]
