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Iceland's stock market, the Iceland Stock Exchange (ISE), was established in 1985. [147] Iceland is ranked 27th in the 2012 Index of Economic Freedom, lower than in prior years but still among the freest in the world. [148] As of 2016, it ranks 29th in the World Economic Forum's Global Competitive Index, one place lower than in 2015. [149]
The culture of Iceland is largely characterized by its literary heritage that began during the 12th century but also traditional arts such as weaving, silversmithing, and wood carving. The Reykjavík area hosts several professional theaters, art galleries, bookstores, cinemas and museums.
Mid-Atlantic Ridge and adjacent plates. Volcanoes indicated in red.. In geological terms, Iceland is a young island. It started to form in the Miocene era about 20 million years ago from a series of volcanic eruptions on the Mid-Atlantic Ridge, where it lies between the North American Plate and Eurasian Plate.
And the Instagram page ‘Unbelievable Facts’ is one of the best places to do just that. Every day, they share fascinating trivia, building a collection that now includes over 10,000 unique facts.
Reykjavík is the capital, and in fact Iceland's only city, and as such, it plays a vital role in all cultural life in the country. The city is home to Iceland's main cultural institutions, boasts a flourishing arts scene and is renowned as a creative city with a diverse range of cultural happenings and dynamic grassroots activities.
BSc meteorologist Janice Davila tells Bored Panda that one of the most unknown facts from her field of expertise is that weather radars are slightly tilted upward in a half-degree (1/2°) angle.
The United States Army abandons the military base in Keflavík, thus ending a 55-year U.S. military presence in Iceland. [citation needed] 2008: 29 May: A doublet earthquake strikes southern Iceland with a composite magnitude of 6.1 M W. [39] September: Iceland faces financial crisis following the collapse of the country's three major ...
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