9. September 2009
Iceland still in top 30
Iceland still maintains a strong position in the top 30 most competitive economies in the Global Competitiveness Report 09 – 10. Despite a nationalization of all major banks following a collapse in the countries financial sector Iceland still holds an incredible 26th spot. This is due to the fact that Iceland’s infrastructure is still solid and the economic foundations are sound. The report says that Iceland can rely on a world class education system, highly developed business environment, a flexible labor market, efficient infrastructure and strong institutions and that has secured the country a place in the top 30 in the face of a serious financial crisis.
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5. September 2009
Norwegians investing in Iceland
A group of Norwegian investors, headed by Endre Røsjø, wants to make a 20 billion ISK long-term investment in the Icelandic economy. Røsjø has met with the Icelandic pension funds about creating an investment fund, where the pension funds would match the Norwegian contribution of 20 billion ISK.
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