NEWS

Economy Could Drive EVE Dev from Iceland

Kris Graft's picture

By Kris Graft

December 24, 2008

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The collapse of Iceland's banking system and the resulting economic turmoil could drive privately-owned Reykjavik-based EVE Online developer CCP out of the country, one report says.

"To make new games, we need foreign investors," said Eyjolfur Gudmundsson, supervisor for EVE Online's virtual economy in a Guardian U.K. report.

"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."

EVE currently has around 300K subscribers.

Gudmundsson's comments come after those of CCP CEO Hilmar Petursson, who told Edge in October following the banking collapse, "I’m fortunate that CCP has hardly been affected by the economic crisis here. We now have to take advantage of our status as a global company and maintain our diversified banking relationships."

CCP also has offices in Atlanta and Shanghai.