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Yearbook 1998

Iceland. Fishing, which accounts for about three quarters of the country's exports, had major problems at the beginning of the year. On the one hand, the season's herring fishing gave only half of the allowable catch quota, and on the other, a conflict over fishing prices and wages led to about 5,000 fishermen going on strike for three weeks in February and March. The conflict was resolved through coercive legislation which, among other things, gave 13% pay raise. The country's nurses also went on strike during the year and the result was up to 20% salary increase.

1998 Iceland

In the local elections in May, the left-dominated coalition retained power in Reykjavík, while the influence of conservatives continued to exist in the country.

According to Countryaah, unemployment continued to decline for the second year in a row and was registered at 2.5% in July, close to halving compared to two years earlier.

In November, Iceland, Greenland and Norway signed an agreement on the boundaries of the sea area between Iceland, Greenland and Jan Mayen. At the same time, disagreement over the Norwegian fishing limit of 250 nautical miles continued around Svalbard.

Following lengthy negotiations in Brussels, it became clear in November that Iceland will receive full participation with ministerial influence in the EU's Schengen border control agreement. However, the settlement must be approved by the Swedish Parliament and by all EU countries.

In February, the author and Nobel laureate in literature passed away Halldór Laxness, the country's perhaps most well-known resident. He turned 95 years old.

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