Business report ranks Reykjavik number two in future investment shortlist

The recently published business report by fDi Intelligence, ‘European Cities and Region of the Future 2014/2015´, has voted Iceland’s capital city Reykjavik number two in the shortlist Top 10 Northern European Cities Excluding UK and Ireland.

According to the shortlist by fDi Intelligence, a division of the Financial Times Ltd, Reykjavik beat other Nordic powerhouses such as Copenhagen and Stockholm to the silver medal.

“It is a challenging time for FDI in Europe. With sluggish growth in many of the major economies and continuing ill effects from the euro zone crises of last year, inflows into the region have declined. That makes it crucial for Europe’s cities and regions to take a proactive stance towards FDI promotion and to ensure their investment environments are as competitive as possible. Our rankings recognise the locations that are doing just that, and highlight the respective strengths of cities and regions of all sizes across Europe,” explains Courtney Fingar, Editor-in-Chief of fDi Magazine.

Oli Orn Eiriksson, Head of Economic Development for City of Reykjavik, comments about Reykjavik’s listing, “Reykjavik is a young and thriving city, prospering through a high financial climate; we’re elated to see that all of the work conducted by the team and the stakeholders is coming to fruition”.

The Department of Economic Development at the City of Reykjavik promotes the city as a business location and assists local and international companies considering locating or expanding in Reykjavik to reach their business objectives.

Reykjavik is recognised as a world leader in the fields of geothermal and seafood industries. Other strong industries in the city are the biotech, medical equipment, tourism, IT, and the creative industries. Iceland has a thriving startup business community encompassing all of the aforementioned industries.

‘European Cities and Region of the Future 2014/2015’ is a biennial paper, which showcases cities and regions with high prospects for investment in the coming years.

Shortlists in the paper are based on independently collected data regarding salaries, GDP, infrastructure, education, job creation and price inflation for 468 locations, both cities and regions.

To find out more regarding Reykjavik as a location for business, visit