News & Events
IACC's Annual General Meeting (AGM) will be held on Tuesday the 2nd of July at 12:00 in Borgartun 35, 105 Reykjavik, 1st floor.
In the few years since its founding in 2013, the Arctic Circle has become the largest annual global gathering on the Arctic. The momentum continues to gather pace: you won't want to miss the fifth Arctic Circle Assembly this year.Registration now open go to www.arcticcircle.org.
The Arctic Chamber of Commerce notes the announcement of the Icelandic Government that capital controls have been lifted with effect on Tuesday. The Government of Iceland today announces that capital controls on the country's individuals, firms, and pension funds have been lifted with effect on Tuesday. The removal of the capital controls, which stabilised the currency and economy during the country's unprecedented financial crash, represents the completion of Iceland's return to international financial markets.
The Arctic Economic Council will organize a side event on Telecommunications in the Arctic during the Arctic Frontiers conference in Tromsø, Norway. The event will take place on Tuesday January 24th at Clarion Hotel The Edge: Margarinfabrikken at 17:15.
The Arctic Economic Council (AEC) and Icelandic-Arctic Chamber of Commerce (IACC) will host a breakout session titled “Arctic Economic and Business Development” during the Arctic Circle Conference.
IACC's Annual General Meeting (AGM) will be held on Friday the 16th of September between 5:00 and 6:00 PM
A two-day programme commemorating the 20th anniversary of the Arctic Council is being organized in Akureyri and Reykjavik on September 8 and 9, 2016.
The Arctic Shipping Forum – North America will take place in Montreal 4-6 October. Over 150 industry professionals and expert speakers will attend, making the Forum the largest Arctic shipping conference in North America. IACC members receive a 20% discount of the registration fee.
The Arctic Business 2016 conference will be held 25-26 May in Bodø, Norway. Launched in 2013, the Arctic Business initiative is a partnership between Norwegian Shipowners’ Association, DNV GL, Kongsberg and Statoil.
The Arctic Circle Greenland Forum will be held in Nuuk, Greenland, May 17-19 2016. Organized in cooperation with the Government of Greenland, the Forum will focus on economic development for the people of the Arctic.
In February the government of Iceland agreed to allocate funding to the operation of the International Arctic Science Committee (IASC) secretariat for the next 5 years (2017-2021). The government decided to allocate 35 million Icelandic kroners annually (approx. 250.000 Euro) to the IASC secretariat office located in Akureyri.
The Arctic economic development forum was held last week where the potential for Arctic economic development, the barriers, and the paths toward greater economic prosperity was addressed. The Forum was co-hosted by the The Wilson Center and Institute of the North.
The Icelandic-Arctic Chamber of Commerce (IACC) has signed the new Arctic Investment Protocol of the World Economic Forum Global Agenda Council on the Arctic.
In February Mr. Gudmundur Petursson stepped down as IACC's chairman and the Board nominated Mr. Heidar Gudjonsson as the new chairman, until the next annual general meeting in August. The IACC would like to thank Mr. Petursson for his highly valuable work for the IACC these past 2 years.
As stated in the September newsletter the IACC has been reaching out to business organizations in the Arctic States which have strong Arctic emphasis.
The 4th edition of Centrallia will be held on May 25–27, 2016 and will welcome more than 700 businesses from all over Canada and from more than 30 countries, World Trade Centres as well as chambers of commerce, and trade and investment agencies.
IACC and VÍB Wealth Management hosted a breakout session, The Arctic in 2035 – Investment and Infrastructure, at the Arctic Circle Conference in October.
Reykjavik University held two conferences in relations to the Arctic Circle, one on the Arctic High Seas in collaboration with Arctic Options and the other on Energy Security in the 21st Century in collaboration with Landsvirkjun and Landsnet.
Finnish Anu Fredrikson has been appointed director of Arctic Economic Council (AEC) Secretariat in Tromsø.
The Icelandic-Arctic Chamber of Commerce and VÍB Wealth Management will host a breakout session at the Arctic Circle Conference, The Arctic in 2035 – Investment and Infrastructure.
This week Eykon Energy, Petoro and CNOOC initiated an exploration voyage to the Dreki area, which includes the southern tip of the Jan Mayen microcontinent. These three companies hold one of the two exploration and production licenses issued by the Icelandic National Energy Authority (NEA).
The Icelandic-Arctic Chamber of Commerce and VÍB Wealth Management will host a breakout session at the Arctic Circle Assembly in October, The Arctic in 2035 – Investment and Infrastructure.
One crucial aspect of IACC's role is to promote commercial links between Iceland and other Arctic States e.g. to facilitate cross-border partnerships, promote networking, encourage exchange of information and increase Arctic related trade.
The Arctic Portal provides everybody interested in Arctic affairs with a comprehensive events calendar where information about most of the Arctic events world-wide is accessible.
Earlier this summer IACC's Chairman and Managing Director held presentations at conferences in Akureyri and in Eskifjordur. In Akureyri, an Arctic Roundtable was held in celebration of Arctic Council collaboration and to mark the transition of the Chairmanship of the Council from Canada to the United States.
The United States of America, Denmark, Canada, Norway and the Russian Federation signed last July a declaration concerning fishing in the Arctic Ocean. As stated on the US Department of State website this declaration is intended to prevent unregulated commercial fishing in high seas portion of the central Arctic Ocean.
The Arctic Economic Council (AEC) was established in 2014 as a circumpolar forum to promote sustainable and responsible economic development in and between the Arctic states with the involvement of Arctic Indigenous peoples and other Arctic inhabitants. The Arctic Economic Council and Executive Committee (EC) Chairmanship rotates every two years. The United States is current chair of the Arctic Economic Council.
IACC annual general meeting, which was advertised on the website on April 26th and in IACC newsletter on May 5th, was held on June 9th.
The breakfast meeting on the West Nordic Economy, organized by the IACC along with the Greenlandic and Faroese-Icelandic Chambers of Commerce as well as the West Nordic Council, has been postponed until the autumn due to unforeseen events.
IACC's Annual General Meeting (AGM) will be held on Tuesday the 9th of June between 4:30 and 6:00 PM at the offices of SA-Business Iceland, Borgartun 35, 105 Reykjavik, 1st floor, Kjarni meeting room.
On May 26th the IACC along with the Greenlandic and Faroese-Icelandic Chambers of Commerce as well as the West Nordic Council will host a breakfest meeting on the West Nordic Economy and increased business between Iceland, Greenland and Faaroe Islands
An updated version of the Icelandic-Arctic Business Fact Sheet has been issued. Initially published in August 2013, the Fact Sheet has been a cornerstone in IACC‘s publications.
For the past weeks, the Icelandic Arctic Cooperation Network (IACN) has been preparing a new site on its webpage, a network, where information about researchers and specialists in Iceland who focus on Arctic matters in their work is made available. The goal is to gather and make available, in one place, information on the many individuals who work on Arctic research and projects in Iceland.
The second meeting of the Arctic Economic Council (AEC) was held in Ottawa on April 23. At the meeting AEC representatives unanimously selected Tara Sweeney from the United States, who represents the Inuit Circumpolar Council, as the organization’s second Chair for 2015-2017.
The Arctic Economic Council (AEC) recently published its new website - see here. On the website there is various information on the Council composition, working groups and background. As has been mentioned in IACC’s previous newsletters the AEC was essentially created in March 2014 by the Arctic Council under the Canadian Chairmanship.
In recent weeks and months a number of interesting Arctic related events have been held in a number of countries and more are on the agenda.
Across Iceland various stakeholders, including the state and certain municipalities, have set forth their view on how either their specific competitive advantages regarding the Arctic or Iceland’s overall strength in the area. These stakeholders contribution underlines Iceland's position as the Arctic's connection and service hub.
It has been announced that the third Arctic Circle Assembly is to be held in Reykjavík, Iceland on October 16 – October 18. Furthermore, dates for the 2016 and 2017 Assembly have also been published.
Since the last IACC newsletter one new member has joined the Chamber, Alftavik Ltd. The IACC welcomes Alftavik to its member base.
As mentioned in IACC's last newsletter the Icelandic-Arctic Business Fact Sheet is undergoing an update.
In August IACC members received a short survey concerning their commercial activities in the Arctic. The survey’s purpose was to map the broad strokes of where within the Arctic IACC members are operating, whether being through subsidiaries, investments, partnerships with other companies or in any other form.
The Icelandic-Arctic Business Fact Sheet has been a cornerstone in IACC‘s external operations over the past months. As mentioned in the newsletter in May the Fact Sheet consists of approx. two dozen slides illustrating how the Icelandic business community can contribute to the increasing commercial activity in the Arctic.
For anyone interested in Arctic affairs, whether being commercial or of any other nature, should take a moment to browse through two important Arctic gateways - Arctic Portal & The Arctic Journal.
The Arctic Economic Council in planning on establishing working groups on particular sectors and overarching themes. The groups work will be action oriented and focused on solutions that drive Arctic business forward in a responsible and sustainable manner.
Norðurslóða-viðskiptaráðið, Festa - miðstöð um samfélagsábyrgð og Norðurslóðanet Íslands stóðu fyrir málstofu á Arctic Circle ráðstefnunni þann 1. nóvember síðastliðinn. Yfirskrift málstofunnar var viðskiptatækifæri á norðurslóðum og samfélagslega ábyrgð.
The IACC, Festa - Icelandic Center for Corporate Social Responsibility and The Icelandic Arctic Cooperation Network held a breakout session at the Arctic Circle conference on November 1st. The session’s topic was Arctic Commercial Opportunities and Corporate Social Responsibility where a number of speakers shared their experience and knowledge on the issue. Those speakers were:
At the Arctic Circle, on November 1st, the IACC, Festa - Icelandic Center for Corporate Social Responsibility and The Icelandic Arctic Cooperation Network will hold a break-out session on Arctic Commercial Opportunities and Corporate Social Responsibility.
Business leaders from the circumpolar region met in Iqaluit, Nunavut on September 2-3, 2014 to establish the Arctic Economic Council (AEC). The AEC is an independent organization created by the Arctic Council that will facilitate Arctic business-to-business activities and responsible economic development, as well as the sharing of best practices, technological solutions, standards and other information.
At IACC's first annual general meeting on May 30 Mr. Gudmundur Petursson, Director at IPC services, was elected the Chamber's new chairman.
In the event of the 2nd China-Nordic Arctic Cooperation Symposium a Chinese Business delegation will visit Iceland to explore and promote China-Iceland Arctic economic cooperation opportunities. The delegation will be meeting with business representatives in Akureyri, Reykjavík and Reykjanes as well as participating in the China-Iceland Arctic Economic Roundtable at Hotel Natura on 5th June.
Last week an article was published in the Arctic Journal on IACC's establishment, organization and operation and on that occasion conducted a short interview with the chairman, Eyjolfur Arni Rafnsson.
The IACC first Annual General Meeting (AGM) will be held on Friday the 30th of May between 4:30 and 6:00 at the offices of the Iceland Chamber of Commerce - Kringlan 7, 103 Reykjavik, 7th floor.
Over 100 people attended an open meeting on March 14th in Akureyri on opportunities and challenges in tourism, fisheries, search/rescue and oil.
The meeting was a joint effort by the Icelandic Arctic Cooperation Network, Icelandic-Arctic Chamber of Commerce, Arctic Services and the Icelandic Joint Committee...
The Icelandic Arctic Cooperation Network, Icelandic-Arctic Chamber of Commerce, Arctic Services and the Icelandic Joint Committee on Arctic Affairs, in co-operaton with the Greenlandic-Icelandic Chamber of Commerce and Arctic Reykjanes, will hold an open meeting in Akureyri on opportunities and challenges in tourism, fisheries, search/rescue and oil.
Around 100 guests attended the IACC and PWC breakfast meeting at Icelandair Hotel Natura Tuesday 21 January. The title of the meeting was The Arctic: Warming up for business and the meeting’s key-note speaker was Dr. Michael Byers, professor at the University of British Columbia in Canada. Mr. Sigmundur David Gunnlaugson, Prime Minister, held an opening statement.
The Icelandic-Arctic Chamber of Commerce (IACC) and PwC will host a breakfast-meeting on business opportunities in the Arctic on January 21st from 8:30-10:00 at Icelandair Hotel Natura.
A task-force within the Arctic Council is working on establishing a joint forum for business within the Arctic States, so called Circumpolar Business Forum.
The IACC has issued it's first version of the Icelandic-Arctic Business Fact Sheet which consists of a few slides illustrating how the Icelandic business community can contribute to the increasing commercial activity in the Arctic.
The 2013 Arctic Energy Summit will be held at Akureyri from October 8th-10th. The AES is a multi-disciplinary event expected to draw several hundred industry officials, scientists, academics, policy makers, energy professionals and community leaders together to collaborate and share leading approaches on Arctic energy issues.
At October 12th-14th the Arctic Circle Conference will take place in Harpa Conference Hall. At the conference there will be a number of breakout sessions, one held by the IACC, Icelandic Joint Committee on Arctic Affairs, Icelandic Arctic Cooperation Network and Arctic Services on Monday the 14th of October from 12:45-14:15.
The Arctic Counsil's Task Force to Facilitate the Circumpolar Business Forum held its first meeting in Reykjavik today. At the meeting the IACC was presented.
At the Confederation of Industry Arctic workshop last week the Arctic-Icelandic Chamber of Commerce (IACC) was founded. The Chamber's founding partners are the Iceland Chamber of Commerce, the Confederation of Industry, Confederation of Icelandic Employers, Arctic Co-operation Network and Ministry for Foreign Affairs.