The international index company FTSE Russell has decided to place Iceland in the category of secondary emerging markets and the decision will take effect when the markets open on 19 September. “This is a huge turning point for the Icelandic stock market and very good news for the economy,” said Magnus Hardarson, CEO of Nasdaq …
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Magnus por Asmundsson, CEO of Faxafloi Harbors, has been appointed CEO of RARIK and he will take up the post from 1 May next. The announcement states that Magnus graduated in electrical engineering from the University of Iceland in 1987 and a master’s degree from the Technical University of Denmark in 1990. “Magnus has extensive …
“This is very positive news and a gratifying step that is being taken,” says Bogi Nils Bogason, CEO of Icelandair, about the planned removal of all restrictions due to the coronary virus within the country and at the border. Bogi says he expects the news to further increase the demand for flights to and from …
Islandsstofa has delayed a foreign marketing campaign that was to be launched today due to the war on the Ukrainian-Russian border. Media reports on this and quotes Sigridur Dogg Gudmundsdottir, director of tourism at Islandsstofa, in light of the uncertainty that the state has deemed necessary to delay the start of the campaign indefinitely. The …
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World stock markets have been affected by Russia’s invasion of eastern Ukraine. At the same time, oil prices have risen. The Icelandic market is not excluded. Thus, initial trading on the Iceland Stock Exchange indicates that investors believe that the outlook for the economy has worsened or become more uncertain with Russia’s actions. The declines …
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Most recently, the UK supermarket Selfridges began selling the products in a small, specially designed 40 square meters “pop-up” store inside the supermarket. Arnar Mar says that the result is the result of a lot of work in recent years. He says that the company is now at the point where it is necessary to …
Play has secured the use of six new aircraft, two of which will arrive in Iceland next spring and four in the spring of 2023. In addition, it is hoped that one machine will be added to those expected next spring, so the company’s machines will hopefully be six in total in just a few …
Play goes from three machines to six next spring Read More »
Bergpora Baldursdottir, an economist at Islandsbanki Research, says that the housing component weighs the most in the latest inflation survey. The consumer price index has risen by 4.3% recently. twelve months and the consumer price index excluding housing by 3.3%. August is therefore the eighth month in a row where inflation measures over 4% and …
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This is what Sigmundur David Gunnlaugsson, chairman of the Center Party, says about the election issues that the party presented earlier today. For example, the party wants funds from the Treasury, whether due to a surplus from the Treasury, a resource fee, or share capital from Íslandsbanki, to flow directly into the pockets of Icelanders. …
Hotels in Reykjavik are starting to raise their prices again and the increase was considerably greater in May than in the capitals of the other Nordic countries. Despite the fact that prices are beginning to rise in Iceland, they are still low in historical terms. This is stated in Hagsja, Landsbankinn’s economics department. “The price …