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Iceland's economic fundamentals are strong, and despite recent commentary Iceland is "not going down traditional routes to financial instability," Professor Mishkin of Columbia asserted in a meeting hosted by the Iceland Chamber of Commerce in New York in May. Present were over 100 top international banking and financial executives.

Global investment and innovation publication Red Herring today announced that leading broadband solutions provider and systems integrator Industria is a recipient of this year's Red Herring 100 Europe, a selection of the 100 private companies based in the EMEA region that play a leading role in innovation and technology.

Further Information OECD Broadband Statistics, December 2005 Iceland now leads the OECD in broadband penetration, according to 2005 broadband statistics from OECD. Iceland now has 26.7 subscribers per 100 inhabitants, ahead of Korea with 25.4, and Netherlands with 25.3. US has 16.8 broadband connections per 100 subscribers. The strongest per-capita subscriber growth came from Iceland, Finland, Norway, the Netherlands and Australia. Each country added more than 6 subscribers per 100 inhabitants during 2005.

High levels of education, hardworking people, positive environment for innovation and green energy, both hydrogenerated and geothermal, create Iceland´s favourable conditions according to Professor Gregory Miller, Harvard Business School.

Related Items The full report can be downloaded in .pdf format from the website of the Confederation of Danish Industries.

Iceland´s status as one of the world´s most competitive economies is confirmed in the IMD World Competitiveness Yearbook 2006. As last year Iceland ranks number 4 globally and is in first place in Europe, outperforming the continent´s – and some of the world´s – biggest industrial nations.