List of companies of Iceland

Location of Iceland

Iceland is a Nordic island country in the North Atlantic Ocean. It has a population of 356,991 and an area of 103,000 km2 (40,000 sq mi), making it the most sparsely populated country in all of Europe.[1] The capital and largest city is Reykjavík. Reykjavík and the surrounding areas in the southwest of the country are home to over two-thirds of the population. Iceland is volcanically and geologically active.

Iceland has a market economy with relatively low taxes compared to other OECD countries.[2] It maintains a Nordic social welfare system that provides universal health care and tertiary education for its citizens.[3] Iceland ranks high in economic, political and social stability and equality. In 2013, it was ranked as the 13th most-developed country in the world by the United Nations' Human Development Index.[4] Iceland runs almost completely on renewable energy. Affected by the ongoing worldwide financial crisis, the nation's entire banking system systemically failed in October 2008, leading to a severe depression, substantial political unrest, the Icesave dispute, and the institution of capital controls. Many bankers were jailed,[5] and the economy has made a significant recovery, in large part due to a surge in tourism.[6][7][8]

As of 2011, there are approximately 32,500 companies registered in Iceland of which 14,500 (45%) are active.[9]

## Notable firms[edit]

This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct.

Active firms
State-owned firms
Defunct firms

Name  | Registered name  | Industry  | Sector  | Headquarters  | Founded  | Notes

|
|
|
|
|
|

365 | 365 - miðlar ehf  | Consumer services  | Media  | Reykjavík | 1986  | Broadcaster
Advania | Advania ehf  | Technology  | Software  | Reykjavík | 2012  | Information technology
Air Iceland | Flugfélag Íslands ehf  | Consumer services  | Travel & leisure  | Reykjavík | 1997  | Airline; merged with Icelandair
Arctic Trucks | Arctic Trucks Ísland ehf  | Industrials  | Commercial vehicles & trucks  | Reykjavík | 1990  | Exploration and commercial vehicles
ÁTVR | Áfengis- og tóbaksverslun ríkisins  | Consumer services  | Retail  | Reykjavík | 1998  | Alcohol/tobacco state monopoly
Bónus | Bónus  | Consumer services  | Retail  | Reykjavík | 1989  | No-frills supermarket
Carbon Recycling International (CRI)  | Carbon Recycling International  | Oil & gas  | Alternative energy  | Reykjavík | 2006  | Renewable methanol
CCP Games | CCP hf  | Technology  | Software  | Reykjavík | 1997  | Video game developer
Dagsbrún | Dagsbrún ehf  | Conglomerates  |  | Reykjavík | 2003  | Telecommunications, media, security
deCODE genetics | Íslensk erfðagreining ehf  | Health care  | Biotechnology  | Reykjavík | 1996  | Gene research
Egill Skallagrímsson Brewery | Ölgerðin Egils Skallagrímsson  | Consumer goods  | Food & beverage  | Reykjavík | 1913  | Brewery
Eimskipafélag Íslands | Eimskipafélag Íslands hf  | Industrials  | Marine transportation  | Reykjavík | 1914  | Nasdaq Iceland: HFEIM, The Icelandic Steamship Company
FRISK Software International | Friðrik Skúlason ehf  | Technology  | Software  | Reykjavík | 1993  | Antivirus software
Hagar | Hagar ehf  | Consumer goods  | Food & beverage  | Reykjavík | 2003[10] | Food holding, includes Hagkaup and Bónus
Hagkaup | Hagkaup  | Consumer services  | Retail  | Reykjavík | 1959  | Hypermarket chain
HB Grandi | HB Grandi hf  | Consumer goods  | Food & beverage  | Reykjavík | 2004[11] | Fishing
Icelandair | Icelandair ehf  | Consumer services  | Travel & leisure  | Reykjavík | 1937  | Airline
Icelandair Group | Icelandair Group hf  | Consumer services  | Travel & leisure  | Reykjavík | 1937  | Travel and tourism group
Íslandsbanki | Íslandsbanki hf  | Financials  | Banks  | Reykjavík | 2008  | State-owned bank
Íslandspóstur | Íslandspóstur hf  | Industrials  | Industrial transportation  | Reykjavík | 1776  | Postal services/shipping
Landsbanki | Landsbanki  | Financials  | Banks  | Reykjavík | 1885  | Defunct 2008
Landsbankinn | NBI hf  | Financials  | Banks  | Reykjavík | 2008  | State-owned bank
Mannvit Engineering | Mannvit hf  | Industrials  | Industrial engineering  | Reykjavík | 1963  | Engineering and consulting
Marel | Marel hf  | Industrials  | Industrial machinery  | Garðabær | 1983  | Nasdaq Iceland: MARL
Marorka | Marorka ehf  | Technology  | Software  | Reykjavík | 2002  | Energy management software and research
MP Bank | MP Banki hf  | Financials  | Banks  | Reykjavík | 2003  | Investment/commercial bank
Nói Síríus | Nói-Siríus hf  | Consumer goods  | Food & beverage  | Reykjavík | 1920  | Chocolates
Nyherji | Nýherji hf  | Technology  | Computer services  | Reykjavík | 1992  | Computer services, software consulting
Ossur | Össur hf  | Health care  | Medical Equipment  | Reykjavík | 1971  | Nasdaq Iceland: OSSR
Promens | Promens hf  | Industrials  | General industrials  | Kópavogur | 1984  | Packaging, plastics
RÚV | Ríkisútvarpið ohf  | Consumer services  | Media  | Reykjavík | 1930  | The Icelandic National Broadcasting Service
Síminn | Síminn hf  | Telecommunications  | Fixed line telecommunications  | Reykjavík | 1906  | Also provide mobile telecom
Sláturfélag Suðurlands | Sláturfélag Suðurlands svf  | Consumer goods  | Food & beverage  | Reykjavík | 1907  | Food producer co-op
Teris | Teris  | Technology  | Software  | Kópavogur | 1989  | Financial software
Solid Clouds | Solid Clouds hf  | Technology  | Software  | Reykjavík | 2013  | Video game developer
Tulipop | Tulipop ehf.  | Consumer goods  | Retail  | Reykjavík | 2010  | Lifestyle brand
Vodafone Iceland | Fjarskipti hf  | Telecommunications  | Mobile Telecommunications  | Reykjavík | 2003  | Vodafone (UK) branded firm
WOW air | Wow Air ehf.  | Consumer services  | Travel & leisure  | Reykjavík | 2011  | Low-cost airline, defunct 2019

* A Boeing 767-300ER of Icelandair at Frankfurt Airport.

* Headquarters of RÚV in Reykjavík.

* Old whaling ships Hvalur 6, 7, 8 and 9.

## See also[edit]

* Iceland portal
* Companies portal

* Economy of Iceland
* List of Icelandic brands
* List of restaurants in Iceland

## References[edit]

1. ^ "Statistics Iceland". Government. The National Statistical Institute of Iceland. 14 September 2008. Retrieved 14 September 2008.
2. ^ "OECD Tax Database". Oecd.org. Archived from the original on 25 January 2010. Retrieved 26 January 2010.
3. ^ Ólafsson, Stefán (12 May 2004). "The Icelandic Welfare State and the Conditions of Children". borg.hi.is. Archived from the original on 18 August 2005. Retrieved 22 April 2010.
4. ^ "2015 Human Development Report" (PDF). United Nations Development Programme. 2015. Retrieved 14 December 2015.
5. ^ Worstall, Tim. "If Iceland Can Jail Bankers For The Crash Then Why Can't America?". forbes.com.
6. ^ Greenstein, Tracey (20 February 2013). "Iceland's Stabilized Economy Is A Surprising Success Story". Forbes. Retrieved 11 April 2014.
7. ^ Mingels, Guido (10 January 2014). "Out of the Abyss: Looking for Lessons in Iceland's Recovery". Der Spiegel. Retrieved 11 April 2014.
8. ^ Bowers, Simon (6 November 2013). "Iceland rises from the ashes of banking collapse". The Guardian. Retrieved 11 April 2014.
9. ^ "Áttundi hver Íslendingur situr í stjórn fyrirtækis" [One of every eight Icelanders is a member of a board of directors] (in Icelandic). 11 May 2011. Retrieved 11 May 2011. "Viðskiptaráð tekur fram að samkvæmt fyrirtækjaskrá eru starfrækt 32.500 fyrirtæki en af þeim áætlar Creditinfo að um 14.500 séu virk."
10. ^ HAGA.IS Company Profile & Executives - Hagar Hf. - Wall Street Journal
11. ^ GRND.IS Company Profile & Executives - HB Grandi hf. - Wall Street Journal

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