Tag Archive | "economy"

More even distribution of wealth following Icelandic crash

Icelanders’ earnings were spread more evenly in 2011 than any year since 2004 – when Statistics Iceland began its standard-of-living research.

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A thousand kilometre round trip to visit neighbours in Westfjords winter

The chairman of the Ísafjarðarbær town council has joined calls for the Icelandic government to improve the Westfjords region’s “terrible” transport infrastructure as a matter of urgency.

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Iceland property prices increased fastest in Europe last year

Property prices in Iceland increased faster last year than in any other European country surveyed. The increase in par value of houses was higher even than in Norway, where a property boom is in progress.

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Posted in Business, Featured, Iceland, International, MBL, Norway, SocietyComments (0)

Thorning-Schmidt and Obama talk debt and daughters

In arguably her biggest moment on the international stage to date, Danish Prime Minister Helle Thorning-Schmidt enjoyed a 40-minute meeting with US President Barack Obama, with the pair swapping tips on everything from the economy to parenting.

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Posted in Denmark, Featured, MBL, Politics, United StatesComments (0)

Long-term unemployment up while overall figure drops

Long-term unemployment grew in Iceland between 2010 and 2011, according to figures from Statistics Iceland.

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Fitch raises Iceland credit rating out of junk

The international financial ratings agency, Fitch yesterday increased its long-term foreign currency debt rating for Iceland by one notch from BB+ to BBB-. The country’s short-term debt rating was also put up from B to F3.

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Posted in Featured, General, Iceland, International, MBLComments (3)

Iceland central bank for auctions to repatriate offshore currency

The Central Bank of Iceland is preparing to repatriate offshore krónur in a step towards relieving ongoing capital controls following the banking crisis.

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Iceland central bank holds rates, predicts ongoing economic growth

The Central Bank of Iceland has today decided to keep its benchmark interest unchanged this month and has predicted ongoing economic growth, despite international economic turmoil.

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