In 1999, Iceland was recovering from a major economic crisis that had hit the country in the mid-1990s. The government had implemented strict monetary policies and frozen wages, resulting in an economic recovery and stabilization of the currency.
Icelandic music was gaining popularity worldwide, with artists such as Bjork and Sigur Ros achieving international recognition.
In terms of sports, Iceland's national football team qualified for the UEFA European Championship for the first time, but did not advance past the group stage.
In May of 1999, a major volcanic eruption occurred in Iceland, causing widespread disruption to air travel across Europe.
The country also began negotiations to join the European Union (EU), which would eventually be suspended in 2015 following the election of a eurosceptic government.
Overall, 1999 was a year of recovery and progress for Iceland, as it worked to regain financial stability and increase its global profile in the arts and sports.
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