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The biopharmaceutical company deCODE genetics has funded the creation of a genealogy database that is intended to cover all of Iceland's known inhabitants. It views the database, called Íslendingabók , as a valuable tool for conducting research on genetic diseases, given the relative isolation of Iceland's population.
Tourism accounted for more than 10% of Iceland's GDP in 2017. [18] After a period of robust growth, Iceland's economy is slowing down according to an economic outlook for the years 2018–2020 published by Arion Research in April 2018. [19] Iceland has a mixed economy with high levels of free trade and government intervention.
Microsoft Corporation is an American multinational technology conglomerate headquartered in Redmond, Washington. [2] Founded in 1975, the company became highly influential in the rise of personal computers through software like Windows, and the company has since expanded to Internet services, cloud computing, video gaming and other fields.
The Icelandic financial crisis was a major economic and political event in Iceland between 2008 and 2010. It involved the default of all three of the country's major privately owned commercial banks in late 2008, following problems in refinancing their short-term debt and a run on deposits in the Netherlands and the United Kingdom.
Immigration to Iceland rose rapidly in the late twentieth century, encouraged by Iceland's accession to the European Economic Area in 1994, its entry into the Schengen Agreement in 2001, and the country's economic boom in the early twenty-first century. The largest ethnic minority is Poles, who are about a third of the immigrant population. In ...
Layoffs remain depressed, hiring remains firm.Employers laid off 1.63 million people in October. While challenging for all those affected, this figure represents just 1.0% of total employment.
Active tourism: riding Icelandic horses in Skaftafell. Tourism in Iceland has grown considerably in economic significance in the past 15 years. As of 2016, the tourism industry is estimated to contribute about 10 percent to the Icelandic GDP; [1] the number of foreign visitors exceeded 2,000,000 for the first time in 2017; tourism is responsible for a share of nearly 30 percent of the country ...
LIVONIA, Mich. — A small electric vehicle is having a big impact on the global automotive industry. It’s not the EV itself that’s making waves but its price — and its potential to disrupt ...