informa
/
News

Economy Could Compel EVE Online Creators To Leave Iceland

Massively multiplayer online developer CCP is considering leaving its home country of Iceland, due to the growing economic crisis which has hit the island country hard. The company is currently in talks with the Icelandic government to prevent the move.
Massively multiplayer online developer CCP is considering leaving its home country of Iceland, due to the growing economic crisis which has hit the small island country hard. One of the first global economics to feel the full effects of the global financial crisis, Iceland’s banking sector is left with debts that have risen to as much as $14 billion - 10 times the country’s GDP. All three of the country’s major banks have had to be nationalized, with inflation now at 17 percent and unemployment in double digits. As reported by British newspaper The Guardian, restrictions on access to foreign currency have proven disastrous for EVE Online developer CCP, which also runs offices in Atlanta and Shanghai. Sci-fi themed massively multiplayer online game EVE Online has 300,000 subscribers worldwide –- as much as the actual population of Iceland. "To make new games, we need foreign investors," said CCP’s Eyjolfur Gudmundsson. "The present currency restrictions are putting us in a straitjacket. We are in talks with the government, but if we can't let capital in, we might be compelled to leave Iceland, even though this would be against our wishes."

Latest Jobs

Sucker Punch Productions

Bellevue, Washington
08.27.21
Combat Designer

Xbox Graphics

Redmond, Washington
08.27.21
Senior Software Engineer: GPU Compilers

Insomniac Games

Burbank, California
08.27.21
Systems Designer

Deep Silver Volition

Champaign, Illinois
08.27.21
Senior Environment Artist
More Jobs   

CONNECT WITH US

Register for a
Subscribe to
Follow us

Game Developer Account

Game Developer Newsletter

@gamedevdotcom

Register for a

Game Developer Account

Gain full access to resources (events, white paper, webinars, reports, etc)
Single sign-on to all Informa products

Register
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more