Ríkisrekndar

Ríkisrekndar is an Icelandic term that translates to "state-owned" or "state-run" in English. It refers to businesses, organizations, or services that are wholly or partially owned and operated by the government of Iceland. These entities can span a wide range of sectors, reflecting the government's involvement in various aspects of the economy and public services.

Examples of ríkisrekndar entities might include public utilities like energy companies, transportation services such as airlines or bus companies, financial institutions, and various public service providers. The extent of state ownership can vary; some may be fully owned and managed by government ministries, while others might be companies where the state holds a majority stake but operate with a degree of autonomy.

The rationale behind state ownership in Iceland, as in many other countries, often centers on ensuring the provision of essential services, promoting economic development, or maintaining strategic control over certain industries. The management and oversight of these entities are typically subject to government regulations and public accountability mechanisms. The term implies a direct link between the entity's operations and the state's responsibilities and objectives.