Business
Biggest Drop in Unemployment in Two Decades
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
Jelena Ćirić
June 10, 2021
economy
Business
Government Introduces “Hopefully the Last” Economic Measures
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
Gréta Sigríður Einarsdóttir
April 30, 2021
Business
Icelandic Horse Export Increased By 53% Last Year
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
Gréta Sigríður Einarsdóttir
February 23, 2021
In Focus
In Focus: Iceland’s Housing Market
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 […]
Jelena Ćirić
February 18, 2021
Business
Central Bank of Iceland’s Interest Rates to Remain Unchanged
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
Gréta Sigríður Einarsdóttir
February 3, 2021
Business
Year in Review 2020: Business & Economy
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.
Jelena Ćirić
December 30, 2020
Politics
COVID-19 in Iceland: Government Unveils Further Economic Measures
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
Jelena Ćirić
November 23, 2020
Iceland’s Central Bank Lowers Interest Rates Once More
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
Jelena Ćirić
November 19, 2020
Business
Iceland’s Central Bank Lowers Interest Rates Once More
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
Jelena Ćirić
November 19, 2020
Business
Icelandic Companies Increasingly Optimistic About Coming Months
Financial managers of Icelandic companies are more optimistic about their company’s future than they were last spring, according to a survey conducted by Deloitte and
Jelena Ćirić
November 5, 2020
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