The first televised debate for Iceland’s upcoming election on September 25 was held last night by national broadcaster RÚV. Party leaders of all ten parties
The Icelandic króna has risen in value against the Euro this summer and in fact has been strengthening against the Euro since the beginning of
Unemployment in Iceland dropped from 10.4% to 9.1% between April and May of this year, the largest month-to-month decrease in the country since 1994. The
Several measures to combat the economic effect of the COVID-19 pandemic will be instituted or prolonged in the coming days, the government announced today. The measures include
In 2020, 2,320 Icelandic horses were exported from Iceland, an increase of 53% from the previous year. The biggest export markets are Germany, Sweden, and
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 […]
The Central Bank of Iceland’s new macroeconomic forecast, published in the February Monetary Bulletin anticipates a growth of 2.5 GDP in 2021, and that the
This year’s business and economy news undoubtedly centred on the COVID-19 pandemic and its impact. Here are Iceland’s biggest business and economy stories of 2020.
The Icelandic government will raise unemployment benefits, raise child benefits, and pay job seekers a December bonus. These are some of the measures presented by
The Monetary Policy Committee of the Central Bank of Iceland (CBI) has decided to lower the Bank’s interest rates by 0.25 percentage points. The Bank’s
