The Iceland Chamber of Commerce has published the 16th edition of its annual Icelandic Economic Situation report, outlining how the economy has recovered from the financial crisis that appeared in 2008.
A group of up to 400 tax experts from around the Nordic region are being assembled via a Nordic Council-led project to target individuals and companies that continue to use jurisdictions such as Hong Kong to avoid paying tax.
The European Free Trade Association (EFTA) Court's decision to dismiss claims that Iceland's government failed to comply with obligations to depositors in the failed Icesave bank is positive news for the country's credit profile says Fitch Ratings.
Historically low interest rates and more costly loans from banks are set to fuel a diversification of issuance of, and more demand for, corporate bonds in the Nordic region, research by Standard & Poor's suggests.
Iceland's recovery continues with GDP growth of 3.1% in 2011, according to the 15th Status Report published by the Iceland Chamber of Commerce.
Iceland's former prime minister Geir Haarde could be sent to jail for two years for his role in his country's spectacular economic collapse in 2008.
Fitch has issued a raft of upgrades on Iceland's sovereign short and long term debt, but stressed that the country's impressive economic recovery remains under threat from the cost of bailing out IceSave depositors and the challenge of managing a lifting...
Iceland has definitely turned a financial corner as its ‘real’ economy improves. But policies put in place to solve its financial crisis are now hampering allocation to and within the country.
Results from the Incisive Strategy Research & Consulting survey of Nordic fund and asset selectors suggests that outright performance still beats objectives such as ESG, and that they are looking for that performance from specialists rather than more...
Internal Market and Services commissioner Michel Barnier has lent his support to the decision by the EFTA Surveillance Authority to refer Iceland to the EFTA Court over its position on British and Dutch depositors in bankrupt bank Icesave.
Ingimar Bjarnason, managing director of Applicon, a software and servcies suppiler to the financial sector, talks about the trend towards more financial IT infrastructure spend as local banks prepare for continued improvement in their fortunes.
Finnur Oddsson, managing director of the Iceland Chamber of Commerce, explains the potential seen by Icelanders themselves, and the remaining challenge associated with capital controls.
Iceland has been in the doldrums following its spectacular financial collapse in 2008, but there are signs the local market is coming back stronger.
Iceland is in the grip of capital controls stemming from its disastrous foray into leveraged banking in the past decade, but asset management services providers such as Advent Software are beating a path to this northern outpost because those controls...