Politics
Investment, Not Cuts, in 2021 Budget Bill
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
Jelena Ćirić
October 1, 2020
economy
Business
Icelandair Lays Off 88
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
Jelena Ćirić
September 30, 2020
Business
Government Presents Measures to Stabilise Labour Market
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.
Jelena Ćirić
September 29, 2020
Business
Collective Agreement Covering 100,000 Workers Up in the Air
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.
Jelena Ćirić
September 29, 2020
Business
Icelandair Has Cancelled Nearly Three Quarters of Flights This Month
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
Jelena Ćirić
September 8, 2020
Business
State Support to Icelandair Should Be Limited, Says Competition Authority
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
Jelena Ćirić
September 3, 2020
Politics
Historical GDP Drop in Iceland Still Less than Predicted
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
Jelena Ćirić
September 1, 2020
Business
Record Real Estate Movement in May and June
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
Jelena Ćirić
July 9, 2020
Politics
All Icelanders to Receive Gift Certificate for Domestic Tourism
Icelandic residents 18 and older will each receive a voucher worth ISK 5,000 ($36/€33), redeemable at hotels and tourism companies around the country between June
Jelena Ćirić
May 26, 2020
Business
Iceland’s Central Bank Lowers Interest Rates to Record 1%
The Monetary Policy Committee of the Central Bank of Iceland has decided to lower the bank’s interest rates by 0.75%. The bank’s key interest rate
Jelena Ćirić
May 20, 2020
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