According to localcollegeexplorer, Iceland is a small island nation located in the North Atlantic Ocean. Its earliest known inhabitants were the Irish monks who arrived in the 8th century CE. For centuries, Iceland was ruled by Norway until 1262 when it was taken over by the Kingdom of Denmark. During this time, Iceland experienced a period of economic prosperity due to its agricultural and fishing industries as well as its trade with other countries. In 1918, Iceland declared independence from Denmark and became a sovereign state. This period of autonomy was short-lived however, as Iceland joined with Denmark in 1944 to form the Kingdom of Iceland. During this time, Iceland saw an increase in its fishing industry as well as tourism which helped to bolster its economy. In 1949, Iceland declared itself a republic and began to distance itself from Denmark politically and economically. This move allowed for greater economic growth due to increased access to international markets and foreign investments. Today, Iceland is a member of both NATO and EFTA (European Free Trade Association) and is an important regional player in Europe. The country has seen steady economic growth due to its rich natural resources such as geothermal energy and tourism as well as its strong banking sector which has attracted many foreign investments over the years. In 2010, Iceland was an island country located in the North Atlantic Ocean with a population of just over 300,000 people. It borders two other countries, Denmark and Greenland. Reykjavík is the capital and largest city in Iceland and the official language is Icelandic. The currency is the Icelandic Krona (ISK). The climate in Iceland is subarctic with mild summers and cold winters. In 2010, Iceland had a market economy with a focus on exports of fish products, aluminum smelting and geothermal power. Tourism also played an important role in the country’s economy at this time; it was estimated that around 1 million tourists visited Iceland every year due to its natural beauty, unique culture and range of outdoor activities such as whale watching, skiing and glacier tours. The government of Iceland in 2010 was a parliamentary republic led by Prime Minister Jóhanna Sigurðardóttir who served from 2009-2013. During this period of time there were several economic reforms implemented to improve the country’s financial situation including austerity measures such as reducing public spending and increasing taxes on high-income earners. Additionally, the government encouraged foreign investment into key industries such as renewable energy sources and IT research & development which helped boost economic growth during this period of time despite global economic downturns affecting other countries around the world. Check ethnicityology for Iceland in 2018.
To visit the Republic of Iceland, citizens of Ukraine who do not have a biometric passport must apply for a visa. According to A2zgov, the Republic of Iceland does not have its own embassy in Ukraine, you can contact the Consulate of Iceland for all questions, but the Embassy of Norway deals with all visa issues. We will quickly and efficiently prepare and advise for personal submission of documents. Visa support to Iceland Terms of registration10-14 days Visa fees31 EUR…
How can the economy of a developed nation collapse in a matter of days. How can a country that is rich one day, the next day have to seek help from its neighbors to secure the import of necessary goods? This happened in Iceland in the days 6. – 8. October 2008. There are explanations. Adam Smith – the father of market liberalism – was concerned as early as 1772. He called what has now happened “overtrading” and did not…
In the autumn of 2007, the first signs came that a major crisis was brewing in the world economy. Share prices on stock exchanges around the world plummeted, but they recovered in most places. This did not apply to the stock exchange in Reykjavik, where the bank shares accounted for 80 per cent of the total share capital. The Icelandic bank bubble was about to burst. Foreign banks and investors wanted their money back, the krone exchange rate fell more…
Against promises of high interest rates, for example, 450,000 private individuals in England, the Netherlands and Germany deposited their savings in accounts in Landsbanki’s online bank IceSave. Many were tempted by similarly high interest rates on Kaupthing Edge. In addition, 108 municipalities in England used IceSave, plus a number of police districts, hospitals and foundations. Much of this is lost money, because in retrospect it turned out that the Icesave not had any deposit guarantee in European countries – only…
Iceland is located in the North Atlantic between the Norwegian Sea, the Danish Strait and the open ocean, going from 63º lat. N to the Arctic Circle; it represents the emerging part of a vast submarine platform formed in the northern section of the great mid-Atlantic ridge. Structurally it is made up of powerful stratified basaltic formations, of Cenozoic origin, elaborated by glacialism. Volcanism and glacialism combined and equally grandiose are therefore the two fundamental traits of Icelandic geomorphology, so…
Iceland – country information Country name Iceland Official name Republic of Iceland Capital Reykjavík Continent Europe Area 103,000 km2 Population 325,671 (2013) Foundation of a state 1/12/1918 The highest mountains Hvannadalshnúkur 2119 m Longest rivers Pjórsá 230 km State system a pluralist republic with a unicameral parliament The biggest cities Reykjavík (capital) 153,000 (conurbation), Akureyri 15,000, Keflavík 7,600 Official language Icelandic Ethnicity/National Composition Icelanders 96%, other Scandinavians 1.5%, Americans 0.5%, other 2% Religious affiliation Protestant 96.2%, Roman Catholic 1%, no…