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==Economy== {{See also|Economy of Iceland|List of diplomatic missions in Iceland}} [[File:Danish Embassy, Reykjavik.jpg|thumb|Embassy of Denmark]] [[Borgartún]] is the financial centre of Reykjavík, hosting a large number of companies and three investment banks. Reykjavík has been at the centre of Iceland's economic growth and subsequent economic contraction over the 2000s, a period referred to in foreign media as the "Nordic Tiger" years,<ref>{{cite news|last=Surowiecki|first=James|title=Iceland's Deep Freeze|url=http://www.newyorker.com/talk/financial/2008/04/21/080421ta_talk_surowiecki|newspaper=The New Yorker|date=21 April 2008|access-date=17 February 2012|archive-url=https://web.archive.org/web/20120302192558/http://www.newyorker.com/talk/financial/2008/04/21/080421ta_talk_surowiecki|archive-date=2 March 2012|url-status=live}}</ref><ref>{{cite journal|last=Kvam|first=Berit|title=Iceland: light at the end of the tunnel?|journal=Nordic Labour Journal|date=19 June 2009|url=http://www.nordiclabourjournal.org/artikler/insikt-og-analyse/innsikt-og-analyse-2009/optimisme-tross-dystre-utsikter-i-island|access-date=17 February 2012|archive-url=https://web.archive.org/web/20120103192743/http://www.nordiclabourjournal.org/artikler/insikt-og-analyse/innsikt-og-analyse-2009/optimisme-tross-dystre-utsikter-i-island|archive-date=3 January 2012|url-status=live}}</ref> or "Iceland's Boom Years".<ref>{{cite news|title=Iceland: the boom years|url=https://www.telegraph.co.uk/news/worldnews/europe/iceland/6047393/Iceland-the-boom-years.html|newspaper=The Telegraph|date=18 August 2009|access-date=3 April 2018|archive-url=https://web.archive.org/web/20180515115244/https://www.telegraph.co.uk/news/worldnews/europe/iceland/6047393/Iceland-the-boom-years.html|archive-date=15 May 2018|url-status=live}}</ref> The economic boom led to a sharp increase in construction, with large redevelopment projects such as [[Harpa (concert hall)|Harpa]] concert hall and conference centre and others. Many of these projects were halted during the [[2008 financial crisis]]. There are 14 embassies in Reykjavik, in addition to ambassadorial residences, and representative offices for Greenland, the Faroe Islands, and the European Union.<ref name=embassy>{{cite web | url=https://www.government.is/library/01-Ministries/Ministry-for-Foreign-Affairs/PDF-skjol/Diplomatic-List/Diplomatic%20List.pdf | title=Diplomatic List | publisher=Government of Iceland Ministry for Foreign Affairs | date=May 2023 | access-date=September 25, 2023}}</ref>
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