Iceland sees huge increase in employment for 2023
June 2023 saw the highest amount of employed individuals in Iceland, reaching 225,700, an increase of 3.4% compared to that of 2022. There are around...
Iceland
Topics and News related to Iceland
Titania Trading Limited acquires a majority stake in Vélfag
Titania Trading Limited, a private company based in Hong Kong, has acquired an 81.8% stake in the Icelandic company Vélfag. Vélfag was founded in 1995...
Iceland’s embassy in Moscow suspended due to not meeting foreign policy service
It has been announced by the Icelandic government that the country’s embassy in Moscow has been suspended due to not meeting the priorities of the for...
Iceland’s annual rate hits 7.6%
According to new numbers released by Statistics Iceland, Iceland’s annual inflation rate is now at 7.6%. To fight inflation, the Icelandic government ...
Update: Eruption in Iceland Slowing Down, Volcanic Gas Pollution Decreases
The volcanic eruption near Reykjavik is slowing down, and gas pollution has reduced. Officials advise caution due to hazardous gases and grass fires. ...
Marel has successfully obtained additional financing and entered into a new term loan
Icelandic company Marel has secured an extension to its financing by a staggering EUR 700 million. The company has also successfully inked a new EUR 1...
Litli-Hrútur Eruption on Reykjanes Peninsula Transfixes Iceland
Iceland has been captivated by the volcanic activities at Litli-Hrútur (Little Ram) on the Reykjanes Peninsula for the past week. The eruption, which ...
Public Access to Eruption Site Closed Due to Toxic Gases and grass fires
In a precautionary move to protect public health and safety, the Chief of Police of the Suðurnes region has decided to close the public access to the ...