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 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%.
The Statement of the Monetary Policy Committee and its interest rate decision has been posted on the Central Bank´s website. At 10:00 a.m. a webcast will begin where Governor Mar Gudmundsson, Chairman of the Monetary Policy Committee, and Deputy Governor Arnor Sighvatsson and Member of the Monetary Policy Committee, will present the Committee´s int...
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