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Tag Archive | "economics"

Greenland and Faroe Islands agree shared fishing quotas for next year


Greenland and the Faroe Islands have agreed on how much Greenlandic fishermen can catch in Faroese waters in 2012, and how much the Faroese fishing fleet will be able to take from Greenland’s waters. Read the full story

Posted in Business, Denmark, Environment, Faroe Islands, General, Greenland, Iceland, MBL, PoliticsComments (0)

Iceland keeps interest rates unchanged


The Central Bank of Iceland today decided to keep interest rates unchanged at 4.5 percent and the bank’s director said that a lot would have to change for rates to go down again. Read the full story

Posted in Business, General, Iceland, MBLComments (0)

Norwegian ex-CBI chief has advice for Iceland


Norwegian economist and ex-temporary director of the Central Bank of Iceland, Svein Harald Oygard says other European nations could learn from Iceland in their response to economic troubles. Read the full story

Posted in Business, European Union, General, Iceland, International, MBL, NorwayComments (3)

MPs return to Icelandic parliament amid tough debate


Iceland’s parliament, Althingi, has reconvened today after its summer break. Over the next two weeks MPs will try to clear all business left over from the summer. Following that, all unfinished business will be discarded and Althingi will start its autumn term with a clean slate. Read the full story

Posted in General, Iceland, MBL, PoliticsComments (1)

Icelandic private consumption figures on the up


Growth in private consumption in Iceland has not been higher in the second quarter since before the 2008 banking crash, according to analysts and Islandsbanki. Read the full story

Posted in Business, General, Iceland, MBLComments (0)

180 Icelanders stuck on Greek island


Among thousands of stranded tourists across Greece, around 180 customers of the Icelandic travel agency Vita are currently stranded on Corfu, to the south of the Greek mainland, due to the general strike called by Greek unions yesterday. Read the full story

Posted in Business, General, Iceland, International, Leisure, MBL, Politics, TravelComments (2)

Iceland fishing debate continues


The controversial changes to Iceland’s fishing quota system, currently being debated by the country’s parliament (Althingi), continue to cause heated argument. Read the full story

Posted in Business, Environment, General, Iceland, MBL, PoliticsComments (2)

Controversial ‘big’ fishing bill hits Icelandic parliament


Johanna Sigurdardottir, the Prime Minister of Iceland, says that a statement from the finance ministry’s budgetary office criticising the new fishing quota bill does not stand up to scrutiny; adding that it is highly unusual for a division within one ministry to publicly criticise another ministry’s parliamentary bill. Read the full story

Posted in Business, Environment, General, Iceland, MBL, PoliticsComments (8)

OECD revises Iceland economic outlook upward


New figures released by the OECD predict 2.2 percent economic growth for Iceland this year and 2.9 percent next year. Read the full story

Posted in Business, Energy, General, Iceland, International, MBLComments (0)

Iceland sends EU economic forecast document


Iceland’s Ministry of Economic Affairs has sent the European Union a forecast report on the Icelandic economy until the year 2013. Read the full story

Posted in European Union, General, Iceland, MBLComments (7)

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