Post Archive by Month: September,2020

Engineering in Iceland

Engineering is a one of the most important scientific disciplines in Iceland due to its unique geological location. The high concentration of volcanoes in the island has allowed its inhabitants to become leaders in the generation of geothermal energy. In order to exploit this natural and renewable source of energy, a robust academic body of knowledge has formed in Iceland

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Economy in Iceland

Iceland is unique country, with unique characteristics that separate it from the rest. Its society and economy reflect that. First of all, Iceland has a mixed economy with high levels of free trade and government intervention. In addition, it is one of the few countries located in Europe that is not part of the European Union. Hence, Iceland has its

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Icelandic stock market

It is known that the Icelandic stock market suffered a great deal in the crisis of 2008. After having reached its peak of 3495, the OMX Iceland All-Shares Index collapsed to its bottom at 167 on April 8, 2009, a fall of 95.2% from top to bottom. Since then, the market has steadily recovered and the index currently stands at

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Construction in Iceland

The architecture and construction style of Iceland is very particular and unique. While it draws from Scandinavian influences, it was influenced by the lack of native trees on the island. Stone and later concrete became popular building materials. In addition, grass- and turf-covered houses are not uncommon to see. Currently, The Iceland Construction Authority is in charge of planning, controlling

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Healthcare in Iceland

The healthcare system of Iceland stands out from the rest not only because of its quality but also its far reach. The country has universal healthcare and is mostly paid for by taxes (85%) and to a lesser extent by service fees (15%). There is almost no private health insurance in Iceland and no private hospitals. This system, that might

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