increase font size
The capital controls that are in place in Iceland are standing in the way of a better credit rating for the country at three large credit rating agencies. Moody's revised the credit rating for Iceland to a stable outlook last week. They say that the credit rating will not improve while the capital controls are in place.
Moody's would consider to downgrade Iceland if the capital controls would be removed too quickly leading to mass money outflows out of the country. That would depreciate the Icelandic currency which would be very damaging to the economy.
But Moody's would consider to improve the credit rating for Iceland if the capital controls are successfully removed without large depreciation of the króna and if public debt would go down. These are the same factors that Fitch Ratings and S&P have emphasized.
It was not only our Eurovision singer Eythor Ingi that did well this weekend (read more HERE). On the same night, Sat...
In 2008, Iceland embarked on a nature conservation project on a hitherto unparalleled scale with the establishment of...
You could win the trip of a lifetime to visit Northern Iceland and see the amazing locations used in Game of Thrones ...
"The Saga of Carl" is the 21th episode of season 24. It originally aired on May 19, 2013 alongside "Dangers on a Trai...
Rio Tinto Alcan in Iceland has informed Landsvirkjun of a change to the scope of the ISAL Production Upgrade project ...
Mosfellsbær municipality and Landsbankinn have concluded an agreement on continued development of the Helgafell plot....
Housing prices in the greater Reykjavik area rose by 0.7% in April. This is the highest monthly rise in the index sin...
CrossFit Regionals Europe took place this weekend. Many Icelanders did a great job, but CrossFit champion, fittest wo...
News of Iceland has begun to publish travel videos from people who have traveled to Iceland. If you have a video, a t...
Newborn Icelandic lambs - All less than 45 minutes old, the youngest just 10 minutes old
Extreme Iceland travel agency can help you with anything related to your stay in Iceland
| Wed Jun 05, 2013 Keflavik Music Festival |
| Fri Jun 28, 2013 All Tomorrow's Parties music festival |
| Wed Oct 30, 2013 @12:00 - Iceland Airwaves 2013 - Music festival |
Do you have travel stories or pictures from your travels in Iceland?
You can share them with us, send an email to travel@newsoficeland.com
Book exciting caving tours in Iceland
All around car rental in Iceland
