Stronger growth anticipated

The GDP growth has been driven mainly by exports but for 2015-2017 we forecast that domestic demand will grow apace

Construction begins at Bakki

The start of construction of the PCC silicon plant at Bakki, near Húsavík, was celebrated last week. Financing was completed this summer, with capital for the project totalling USD 300m, or ISK 38bn.

Revolving loan facility to Landsvirkjun

Íslandsbanki, Arion Bank, and Landsbanki have granted Landsvirkjun a seven-year syndicated credit facility totalling ISK 12bn, consisting of one ISK 4bn loan facility from each of the three banks.