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Investments in Iceland – We support your business activities in Iceland with professional translations
Iceland is the Earth's largest volcanic island with an area of about 103,000 square kilometers (about 64,000 square miles). Iceland can be counted as a part of Scandinavia if you interpret the term more loosely. Like the other Nordic countries, Iceland has a high per capita income and is one of the most developed countries of the planet. However, the Icelandic sector came under pressure as well in the wake of the financial and economic crisis. Unlike other countries, this island nation refused to bail out the affected banks - at the expense of international investors. The previous actions made headlines worldwide. Caution is advised when making investments in Iceland; it is worthwhile to distinguish sectors precisely. Nevertheless, having a strong partner in your business operations in Iceland is a must. Contracts, plans, budgets, and many more documents will need to be translated. Translations, especially in a business context, should be completed by professional and, most importantly, native speaking translators. In this way, your documents concerning technical topics are guaranteed to be translated adequately. For this reason, our translators possess relevant knowledge in various subject areas. Take advantage of our outstanding services and request a non binding quote now. We are happy to advise you in advance by phone and by email.
Natural wealth in the farthest reaches of North Europe
Iceland’s greatest economic sector has already been around for many centuries: Fishing is incredibly important for this small country. The sector in its entirety makes up over forty percent of Icelandic exports and consists of the fish processing industry as well as the production and maintenance of fishing equipment. The industry employs up to twenty percent of the working population. This situation makes it so that fish prices have a great affect on Iceland’s economic well-being. In times of scarce fishing, this is not necessarily a reason for concern, but rather an interesting investment incentive. In addition to fish, another export is aluminum; this small island is one of the largest producers worldwide. Several mines and smelters provide and process Iceland’s second most important export. This energy-intensive industry is only possible because Iceland has better conditions for harnessing renewable energy than any other country. With geothermal energy being used for heating, electricity is generated by hydroelectric plants. Iceland is currently examining the possibility of exporting electricity through underwater cables which would allow for a very interesting investment opportunity. If you are also thinking about investing in Iceland, we are glad to assist you by offering professional translations into and from Icelandic. Your business partners and clients will be impressed by your appreciation for culture and language. Simply get into contact with us and we will happily write up a non binding quote for you.
The Icelandic language
Icelandic belongs to the Germanic language family and is of high interest to linguists given after the island was settled, the language was able to develop in a relatively isolated manner. It still shares strong similarities to Old Norse, an extinct, common Nordic language. Although almost all Icelanders speak excellent English, a translator is recommended for contracts and other important documents. If you by any chance are interested in investing in the far North, get into contact with us. We always find a highly qualified translator for even exotic languages, who can translate your texts into and from Icelandic accurately and with speed.
