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
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
The main goal of the government’s new five-year budget plan is to stop accumulating debt by the end of 2025. Minister of Finance Bjarni Benediktsson
Icelandair laid of 88 employees yesterday, and the dismissals take effect tomorrow, October 1, RÚV reports. Most of the staff, or 68, are pilots. Over
In an effort to resolve tension on the labour market, the Icelandic government will implement eight measures intended to support businesses and minimise job losses.
The three-year collective agreement signed in April 2019 by Icelandic unions and the Confederation of Enterprise (SA) could become null and void tomorrow, RÚV reports.
Icelandair has cancelled nearly 73% of flights that were scheduled so far this month, RÚV reports. The airline’s CEO says the cancellations are due to
State support of Icelandair should be limited to the operation of scheduled flights to and from the country, according to a statement from the Competition
Iceland’s Gross Domestic Product decreased by 9.3% in the second quarter of 2020 compared to the same period in 2019, according to estimates from Statistics
Movement on Iceland’s real estate market broke records in May and June, increasing by around 50% compared to the same period last year. Banks also
