Iceland News
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AFGHANISTAN, 2017/09/09
Destinations worldwide welcomed 598 million international tourists in the initial six months of 2017, some 36 million additional than in the same period of 2016. At 6%, increase was well above the trend of recent years, making the current January-June period the strongest half-year since 2010.
Visitor numbers reported by destinations around the world reflect strong request for international travel in the initial half of 2017, according to the new UNWTO World Tourism Barometer. Worldwide, international tourist arrivals (overnight visitors) increased by 6% compared to the same six-month period last year, well above the sustained and consistent trend of 4% or higher increase since 2010. This represents the strongest half-year in seven years.
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ALBANIA, 2017/08/27
The European gas market is becoming additional and additional competitive and US exports of liquefied natural gas (LNG) are part of this landscape, Francis Perrin, energy expert, chairman of Energy Strategies and Policies (France) told Trend.
“Energy is always a strategic business. Economic aspects are very significant of course, particularly the price of LNG, but nations as well take into account strategic issues. For some Central and Eastern European nations one of the key priorities of their energy policies is the diversification of their supplies, in particular gas imports, in order to reduce their dependence on Russia,” said the expert.
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AFGHANISTAN, 2016/12/11
A university education may expand your mind. It will as well fatten your wallet. Data from the OECD, a club of rich nations, show that graduates can expect far better lifetime earnings than those without a degree.
The size of this premium varies. It is greatest in Ireland, which has a high GDP per chief and rising inequality. Since 2000 the unemployment rate for under-35s has swelled to 8% for those with degrees – but to additional than 20% for those without, and nearly 40% for secondary school drop-outs. The country’s wealth presently goes disproportionately to workers with letters next their names.
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ALBANIA, 2016/01/02
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AFGHANISTAN, 2016/01/02
World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday.
IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide.
Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
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AFGHANISTAN, 2015/01/20
Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday.
In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.
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AFGHANISTAN, 2015/01/20
The richest 1 % are likely to control additional than half of the globe’s total wealth by next year, the charity Oxfam reported in a study released on Monday. The warning about deepening world inequality comes just as the world’s business elite prepare to meet this week at the annual World Economic Forum in Davos, Switzerland.
The 80 wealthiest people in the world all own $1.9 trillion, the statement found, nearly the same all shared by the 3.5 billion people who occupy the bottom half of the world’s gain scale. (Last year, it took 85 billionaires to equal that figure.) And the richest 1 % of the people, who number in the millions, control nearly half of the world’s total wealth, a share that is as well increasing.
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ICELAND, 2014/05/28
Iceland and Norway have signed up to join the EU’s Horizon 2020 research and innovation program.
In doing so, the Scandinavian nations have become the initial nations outside the EU to associate with the seven-year initiative. The decision, which was made at a European Economic Sector(EEA) Joint Committee conference, allows companies and researchers from Iceland and Norway to participate in the same way their EU counterparts do, said the EU in a statement.
In return, the two northern nations will inject funds into Horizon 2020, which was launched at the beginning of the year with a budget of almost 80bn euros over seven years starting this year and finishing 2020.
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ICELAND, 2014/05/28
Iceland Prime Minister Sigmundur Davíð Gunnlaugsson has insisted that failed bank LBI hf will not be exempt to the country’s capital controls.
Speaking to reporters in the capital Reykjavik, he said that relieving the controls for one bank without having a solution that allows a general lifting was “out of the question”. He said it he could not consider lifting the controls if a worse quality of life in Iceland would be the likely consequence.
Landsbankinn hf said on 9 May that it had come to an agreement with LBI – before called Landsbanki Íslands hf – on extending the maturity date of 226bn kronur in bonds. Extending the loans is viewed as crucial to lifting the country’s capital controls.
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ICELAND, 2013/08/11
The IMF warned Iceland on Wednesday that it was likely to overshoot its spending targets and that the measures it implemented to overcome its banking crisis were affecting increase.
"On current trends, the 2013 budget deficit target will be missed owing to slower than projected increase, spending overruns, and lower-than-budgeted dividend payments and investment sales," said the Fund next its regular annual review of the country.
Next the arrival of a centre-right government to power in May the Fund has expressed some skepticism of its priorities.
