Iceland GDP up 1.2pc
ICELAND registered its first positive quarterly economic figures and outlined that it is close to discussions over repayments of nearly €4bn over its failed bank.
The country was one of the first victims of the global financial crisis and suffered when its Icesave online bank crashed two years ago.
But gross domestic product grew by 1.2pc on a seasonally adjusted basis in the third quarter, compared with the previous three months, driven by an increase in domestic consumption.
Reykjavik said it expected to announce "within days" a fresh deal with Britain and the Netherlands over repayment of nearly €4bn lost in the failed Icesave online bank.
Latest Herald
'Phased reopening' of schools on the cards
Non-essential shops unlikely to reopen as restrictions ease - Martin
Care homes for religious not part of vaccine roll-out plans
'Breast milk bank saved my baby's life'
HSE faces barrage of legal claims due to delays in care, solicitors caution
Study may OK use of vitamin D in battle
GPs fear lack of vaccines for over-70s 'could lead to a lot of tensions with patients'
Animals guitarist Hilton Valentine dies aged 77
Push to double knife crime jail sentences
'Coming soon' - Laura shows off baby bump
Top Stories
Mastermind of ‘Toy Show The Musical’ is picked to steer Patrick Kielty’s ‘Late Late’ relaunch
Dear Mary: My husband and I are married 60 years. I’ve caught him watching porn on his phone
Soaring numbers in receipt of emergency state help as cost-of-living crisis bites
‘My wife sobs in her sleep over our son — we have too many unanswered questions’
Latest NewsMore
Irish fashion focus: ‘I won gold for Ireland in the International Design Category for creatives under 30’
Auto advice: Here’s what drivers can do to keep cyclists safer on our roads
-
Sophie White: What does your McDonald’s order says about you?
Introducing musical-theatre actor Morgan Moore: ‘I love it. It’s electric’
-
The new rules of etiquette: how to smooth over the many irritations of modern life
-
My Favourite Room: Zen and the art of brass sinks — ‘When the sun shines, it lights up the whole area’
-
Review: BMW’s Gran Coupe, the elegance of two-door coupe with the space of an executive saloon
Dear Mary: My husband and I are married 60 years. I’ve caught him watching porn on his phone
-
‘The Circle’ winner Paddy Smyth —‘ I always felt that I have to prove something, which is terrible’
Notions and Necessities: From free films to great summer gigs and holiday pop-ups, it’s all here
