Iceland's recovery is well under way and tourism, fishing and energy companies are flourishing, explains Samskip's Olafur Olafsson.
Just as investors underestimate the speed of deterioration when a business or market is failing, so do they overlook the speed of recovery when things are improving. This is what is happening in Iceland – an economy whose reputation was blighted by its overexpanded financial sector in 2008. This small Nordic nation of 300,000 people is abundant in natural resources, with vast reserves of energy. It has geothermal and hydraulic power and plans to connect with northern Europe’s energy grid through undersea cables, exporting to Britain, the Netherlands, Norway and Germany. Fishing ...
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