Federation of Trade & Services
SVTH - Federation of Trade & Services (Icelandic: SVÞ) is a countrywide federation of companies in commerce and services in Iceland. This includes private retailers and the consumer co-operative sector. The Federation also comprises the oil companies with approximately 200 service stations, the entire goods transport sector: The merchant fleet, trucking companies (a transport section within the federation deals with transport issues), the entire pharmacist sector with over 50 stores, IT- companies incl. telecommunication and postal services and various service companies incl. e.g. Securitas with over 600 employees.
SVTH is the second largest member of the Confederation of Icelandic Employers (Icelandic: SA). The potential for SVTH is considerable. There are now more than 1.600 registered companies in the sectors covered by SVTH with employees exceeding 40 thousand totally. The actual SVTH membership consists of some 400-500 companies.
Trade and services is the immediate communication to the more than 300 thousand consumers in Iceland as well as the 300 thousand tourists that visit the island each year. Over 21 thousand employees work in retail and wholesale trade and over 90 thousand in services, thereof 45 thousand in public services. The contribution of trade to GMP each year is 12% and services 55%, thereof public services 36%.
Office: SVTH - Federation of Trade & Services,
Borgartun 35, 105 Reykjavik, Iceland.
Tel: +354 511-3000 Fax: +354 511-3001
The main areas of operation are the following:
Mr. Andrés Magnússon