The fishing industry debt is 2.4 percent of total

Total debt of the Icelandic fishing industry (fishing and processing) is 543 billion ISK (Eur 3.4 billion based on the current rate of exchange), reports www.megafishnet.com with reference to Iceland Seafood International.

This is 2.4 percent  of the total debt of all Icelandic companies.  A spokesman for the fishing industry says this is much less than could be expected, considering the industry´s high share in export earnings.