Last year the number of foreign visitors to Iceland rose by 40 percent, displacing fishing as the country’s top industry. But there are drawbacks to the boom, and economists warn it could be fuelling a new bubble.
Directors of Sardex, a regional mutual credit network encompassing several thousand small and medium-sized businesses on the Italian island of Sardinia, are thinking big — even globally — but moving cautiously.
Tourism brings money to Iceland. But Icelanders seem slowly to becoming more fed up with the crowds. Is the North Atlantic island nation heading for an overdose?
Data just released show that Iceland's economy grew by 7.2 percent last year. The impressive growth is closely linked to the small island's seemingly never-ending influx of tourists.
More and more people are visiting Iceland, even outside the peak season, when the weather is not necessarily hospitable. The spectacular glaciers and geysers are just some of the island’s attractions.
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