New Tier III Data Center in Reykjavik


Reykjavik's first large scale, sustainable, free-cooling, Tier III data center will be built as a joint venture by three ICT companies and a real estate developer. The stage is scheduled to be complete early 2019 but the fully developed data center, intended to be one of Iceland's most technologically advanced, will be up to 5,000 square meters.

Norsk Hydro to acquire ISAL aluminium plant


Norsk Hydro ASA has announced a binding offer to acquire Rio Tinto’s Icelandic aluminium plant ISAL. Increasing the share of Norsk Hydro's production, based on renewable energy, to over 70% is one of the reasons for the acquisition.

Governor’s statement on the special reserve requirement on capital inflows


At the press conference on 14 March where the Monetary Policy Committee‘s interest rate decision was explained, Governor Már Gudmundsson gave a statement on the special reserve requirement on capital inflows. The English translation of the statement has now been published on the website of the Central Bank of Iceland.

Statement of the Monetary Policy Committee 14 March 2018


The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to keep the Bank’s interest rates unchanged. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore remain 4.25%. According to the national accounts published by Statistics Iceland on 9 March 2018, year-2017 GDP growth measured 3.6%, which is...

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