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Tourists Coming To Iceland On Shorter Trips Than Before
Research suggests that tourists are spending less time in Iceland, reports RÚV. According to data from Statistics Iceland, tourists are spending on average 3.8 nights in Iceland, a sharp decrease from the year before; 4.5 nights. Kristján Sigurjónsson, editor of Icelandic travel…
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Wants 150 Million ISK For Tax Dodger Info
The informant looking to sell data proving hundreds of instances of tax evasion at the hands of Icelanders has asked for 150 million ISK or 1.1 million USD, reports RÚV. As reported, since receiving the offer a few months ago, the Directorate…
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Össur Report Sales Of 509 Million USD
Icelandic prosthetics company, Össur, has reported 2014 sales amounting to 509 million USD compared to 436 million USD in 2013, corresponding to 18% growth. Össur’s net profit increase was 45% and amounted to 59 million USD or 12% of sales, compared to…
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No Icelandic Lamp Post Is Safe
In the month of December and January motorists drove into roughly 50 lamp posts causing damages of up to 10 million ISK, reports Vísir. This number of accidents involving lamp posts is considered unusually high for the time period and while the…
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Former Minister Misappropriated Public Funds
Former Minister of Commerce, Björgvin G. Sigurðsson, who served between 2007-2009 has misappropriated hundreds of thousands of ISK while serving as the head of Ásahreppur municipality, reports Vísir. Björgvin resigned before the weekend but the circumstances behind his resignation have only now…
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Ólafur Arnalds: “Customs Essentially Telling Us To Fake A Receipt”
Musician Ólafur Arnalds has been unable to pick up a painting, gifted by a friend and sent to Iceland via mail, from the customs office , because an official receipt for the work does not exist, reports Vísir. As the painting was…
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Women 10% Of Highest-Earning CEO’s In Iceland
According to new figures from Frjáls Verslun women make up only 10% of the highest-earning CEO’s in Iceland. Out of 200 top-earning CEO’s women account for only 20 and out of 19 categories (split by industry) only one woman came in first place. Vísir reports that Unnur…
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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. Unemployment is down as Iceland boasts a growth rate above 3%; tourism, energy and IT businesses picking up pace as the nation’s source of…
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Iceland’s Euro Bonds Yield 2.6%
The six-year euro-denominated bonds Iceland put up for sale in preparation to phase out capital controls have yielded 2.6% and mark a good return to the European market, reports Bloomberg. “We are happy,” Finance Minister Bjarni Benediktsson said. “We are refinancing all…