The International Monetary Fund (IMF) staff has issued a mostly positive report on the current state of Iceland’s economy, but…
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IMF: Iceland’s Economy Doing Better, But Concerns Remain
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Slowdown In Iceland’s Economic Growth Is Good, Says Central Chief Banker
Thanks to the tourist boom following the 2008 financial crisis, Iceland’s economy has experienced a period of strong growth, despite…
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Low Wages And Digital Death: Icelandic In Crisis
The Icelandic language is vulnerable – and it’s not because of foreign loan words. In any discussion about Icelandic, Icelanders…
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Show Me The Money: The 10 Króna Coin
Until the mid-to-late 19th century, most financial transactions in Iceland were conducted in vaðmál (homespun wool). However, since 1922, Iceland…
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Iceland To Abandon Currency Altogether
Sources close to Grapevine within the Central Bank have confirmed that Iceland is going to abandon its age-old love-hate relationship…
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Show Me The Money: The 5 Króna Coin
Until the mid-to-late 19th century, most financial transactions in Iceland were conducted in vaðmál (homespun wool). However, since 1922, Iceland…
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Show Me The Money: The 1 Króna Coin
Until the mid-to-late 19th century, most financial transactions in Iceland were conducted in vaðmál (homespun wool). However, since 1922, Iceland…
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Tourism Industry Showing Signs Of Waning
Decreasing profits and slowing wages, on top of a recent economic forecast showing the industry will contribute significantly less to…
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Bank Warns Against “Flying Too Close To The Sun”
The Research Division of Arion Bank warns that the Icelandic króna is strengthening faster than the economy can deal with…
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Economic Inequality In Iceland Rising
Iceland’s economic forecast is positive in the short term, but economic inequality is very much a reality, and on the…
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Iceland For Everyone
For the first time in history the wonders of Iceland are on global display. Tourism has taken top spot for…
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Man Fights The Bank And Wins
A man who claims his bank unfairly advised him against selling stock in the bank just before the crash has…
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Imported Ice Cubes Now For Sale In Iceland
Those who find domestic frozen water to be subpar can now breathe a little easier. The above photo, taken in…
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Money Never Trickles Anywhere But Up: Seven Years in Iceland
Iceland has changed a lot since I moved here just over seven years ago. The scary part is what has…
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The ABCs Of The Capital Controls: What’s The Plan?
In November 2008, the government instated capital controls to prevent the country’s currency from tanking after the banking collapse. Seven…
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Fitch Revises Iceland’s Outlook to Positive
Fitch Ratings has revised Iceland’s outlook to Positive from Stable and affirmed the IDRs at ‘BBB’ and ‘BBB+’, respectively, reports…
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Iceland’s Economy Shrinks In Third Quarter
After years of growing at a respectable rate, the Icelandic economy seems to have stalled. According to the most recent…
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At 0.5 Percent, Growth Is Lower Than Expected
Last week, Statistics Iceland (StatIce) reported the annual economic growth, over this year’s first three quarters, at 0.5%. The seasons…
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No, No, No…
On October 9, 2008, The Economist published an article called “Kreppanomics,” detailing Iceland’s then-recent financial meltdown. “One word on every…
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FT: Don’t Be Fooled By Iceland’s Recovery
The Financial Times have published an article detailing the darker side of Iceland’s impressive recovery from the 2008 economic crash….
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Icelanders Return To The Champagne Life
The consumption of champagne is rising to pre-crash levels, a new study from Arion Bank reports. In a study focusing on non-traditional indicators…
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From the Editor’s Chair
A friend suggested that I try and write something a little more optimistic on this page. I’ll try, but these…
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From the Editor’s Chair
We have just survived February, the coldest, darkest month of the year. Every time we escape this gruelling period alive,…
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The Fate Of Small Town Iceland
“You know what I think should be done about Flateyri? Nothing. Nothing at all. Not even a kilo of quota…
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