Iceland Holidays for 2011, 2012

Iceland, officially the Republic of Iceland (Icelandic: Lýðveldið Ísland) is a country in northern Europe, comprising the island of Iceland and its outlying islets in the North Atlantic Ocean between the rest of Europe and Greenland. Government – Parliamentary republic. President – Ólafur Ragnar Grímsson. Official language – Icelandic.

Iceland has a free market economy with relatively low taxes compared to other OECD countries, while maintaining a Nordic welfare system providing universal health care and tertiary education for its citizens. In recent years, Iceland has been one of the wealthiest and most developed nations in the world. In 2010, it was ranked as the 14th most developed country in the world by the United Nations' Human Development Index, and the fourth most productive country per capita.

Reykjavik – the capital and the largest city. Main industries – fish processing; aluminum smelting, ferrosilicon production; geothermal power, tourism.

Human Development Index 2007/2008 rankings for Iceland is 0.968 (1st, the highest) in High Human Development countries. Currency – Icelandic króna (ISK). Trade organisations – WTO, EFTA, OECD, EEA. Inflation rate (CPI) of Iceland – 2,61% (11'2010)

"Business Day" refers to Monday through Friday (Weekend: Saturday and Sunday). Time Zone: GMT (UTC+0).