Increased support for R&D
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.
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.
Viad Corp invests in Flyover Iceland
Viad Corp (NYSE: VVI) has acquired a majority stake in the Icelandic entity Esja Attractions and thus secured an ideal location in Reykjavik to construct FlyOver Iceland, expected to open in 2019. "Reykjavik, Iceland is a perfect location for a FlyOver attraction as the region is enjoying robust tourism growth with visitation expected to reach 2.7 million by 2019,” says Steve Moster, Viad's president and CEO.
IMF predicts further growth in Tourism in Iceland
Tourism in Iceland erupted like a volcano according to IMF, but despite the fast growth a decline is unlikely and the outlook is positive.
Meet Iceland at World Hosting Days 2017
Want to learn about Iceland's value proposition for data centers and hosting? Meet representatives from a number of Icelandic companies at WHD2017 in Europapark, Rust, Germany, March 27-30.
Capital Controls Lifted
As of March 14th 2017, capital controls in Iceland are lifted. The removal of the capital controls represents the completion of Iceland's return to international financial markets.
More geothermal power, lower cost and less impact
All the initial targets of the Iceland Deep Drilling Project were reached when the IDDP-2 well at the Reykjanes Peninsula was completed. At 4,659 meters the temperature was measured at 427°C, with fluid pressure of 340 bars. It might be possible to produce 30-50 MW from this well. Fewer and more powerful wells mean less environmental impact and lower cost.
Population Study to Prevent or Treat Multiple Myeloma
The iStopMM study of the has been described as one of most important events in modern day myeloma care. It stands for Iceland Screens, Treats, or Prevents Multiple Myeloma and is in fact a nation wide screening study, under the auspices of Department of Hematology at Landspítali University Hospital, Iceland.
The Importance of Inclusivity
Greater social inclusion supports stronger and more sustainable growth. Iceland is one of the world's most inclusive societies based on equality, basic and digital infrastructure, entrepreneurship and employment.