The Icelandic government announces increased support for R&D in its first Fiscal Strategy Plan 2019-2023. Tax concessions will be increased already 2019 and the ceiling on them will be removed later in the period.
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.
The Bank’s Financial Stability report 2018/1 presents an overview of the position of the financial system, its strengths and potential weaknesses, and the macroeconomic and operational risks it may face. Financial Stability is also published in Icelandic under the title Fjármálastöðugleiki
Már Gudmundsson, Governor of the Central Bank of Iceland, delivered a speech at the Bank's 57th Annual Meeting today. In his speech, the Governor gave an overview of economic developments and prospects and monetary policy conduct.
For further information on the benefits of establishing a business in Iceland please feel free to contact us.