June 2022

Icelandic banks affected by the financial crisis

Glitnir Bank, Landsbanki, Kaupthing Bank In the wake of the global liquidity crisis in the beginning of October 2008, the three main commercial banks of Iceland, Glitnir, Landsbanki and Kaupthing, were not able to refinance themselves despite having considerable assets to match their debts and having operated in full compliance with European banking laws. Consequently, […]

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Trade and Economy

US-Icelandic Trade Relations Historically, the US has been one of Iceland´s most important trading partners. In 2006, the exports and imports to and from Iceland and the US accounted for 8,4% and 9,3% respectively of total exports/imports. US investment in Iceland has been growing steadily and amounted in 2004 to 31,4% of total foreign investment.

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Pets

Information on Importing a Pet into Iceland (updated March 1998) Applications for import of a pet must be submitted to the Ministry of Agriculture, Reykjavík, Raudararstig 25, 4th floor, 150 Reykjavik, Iceland, fax: 354-552-1160. The Ministry of Agriculture grants a permit to import a pet into Iceland. The Ministry will inform the importer when his

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general

Population 1999: 278.702. Capital: Reykjavik. President (since 1996): Mr. Ólafur Ragnar GRÍMSSON Prime Minister (since 1993): Mr. Davíð ODDSSON Currency: Icelandic kronurs (Ikr)(Rate of exchange, Jun. 2000: 1US $ = 77 Ikr.) Total area: 39,756 square miles, slightly smaller than the State of Virginia. Location: Island nation in North Atlantic, 5½ hrs. flight from New

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Svartifoss Waterfall in Iceland

Svartifoss Waterfall in Iceland: Height, Flow, Location and Tours

Svartifoss is one of the top waterfalls in Iceland to visit. Some people refer to the Svartifoss Waterfall in Iceland as the “Black Falls” due to the columns of black basalt that contrasts perfectly with the white waterfall. These columns slightly resemble the pipes of a gigantic organ. This makes the Svartifoss Waterfall in Iceland

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Skógafoss Waterfall in Iceland

Skógafoss Waterfall in Iceland: Height, Flow, Location and Tours

In the South of Iceland, you will find a cliff that marks the former coastline of Iceland. From this cliff, one of the biggest waterfalls named Skógafoss Waterfall in Iceland makes a spectacular scenery of tumbling water. The cliffs remained after the coastline had receded. This creates a perfectly clear border for many kilometers that

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Kópavogur City in Iceland

Kópavogur City in Iceland: Hotels, Area, Population, and Things to Do

Kopavogur is the second largest municipal area by population in Iceland. The name of Kópavogur City in Iceland literally means ‘seal pup inlet’ because of the seals that used to mate and have their pups in the protected area of the coast. The city’s current mayor is Ármann Kristinn Ólafsson and has been since February

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Suðurland (Southern Region)

Suðurland (Southern Region): Municipalities, Population, Area, Density

Suðurland is the southernmost region in Iceland and encompasses most of the country’s southern half. It is a large region incorporating the southern coastline and much of the Icelandic Highlands. It is 24,256 square kilometers (9,365 square miles). It has a total population of 28,399 spread throughout the entire area in small settlements. The overall

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