A new study on creative industries in Iceland, Towards Creative Iceland: building local, going global has found that they generated turnover of ISK 1891 billion in 2009, accounting for 6.36% of the economy's total VATtaxable turnover.
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 The National Energy Authority of Iceland (NEA), has today, announced the second Licensing Round for hydrocarbon exploration and production licences on the Icelandic Continental Shelf.

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Since 1999 work on a Master Plan for the protection and development of hydropower and geothermal resources in Iceland has been in progress.

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The EFTA Surveillance Authority approved last week an Icelandic scheme for innovation companies. The objective of the scheme is to improve and foster research and development.

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The ‘Incentives for Initial Investment in Iceland' bill is directed towards promoting initial investment in commercial operations, the competitiveness of Iceland and regional development

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The Icelandic Silicon Corporation, the ministers of industry and finance and the mayor of Reykjanesbaer have signed investment agreements on the construction of new Silicon-Metal Facility in Iceland.

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The Althingi has approved amendments to the Value-Added Tax Act........... MORE...

The Minister of Industry, Katrín Júlíusdóttir, acting for the State Government, and Rannveig Rist, Managing Director of Alcan Iceland hf., today signed an agreement relating to Alcan's plans to enlarge and rebuild the company's aluminium smelter in Straumsvík MORE...

The Icelandic government is going to address all relevant tax issues to ensure that Data Centers in Icelands, servicing international clients, are fully competitive with Data Centers within the European Union. MORE...