Reykjavík
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Economy

fishermen at work

Iceland Not Invited to Mackerel Debate Meeting

Delegates of the Faroe Islands, Norway and the European Union will meet in Bergen, Norway, to discuss the division of the mackerel fishing quota, which has long been debated, next week. The three parties have reached an agreement between themselves. Iceland was not invited to the meeting.

Reykjavík with Hallgrímskirkja in the background

Loans to be Corrected by ISK 1.35 Million on Average

The average write-off under the government’s debt cancelation plan, which aims to correct indexed mortgages for the effects of inflation in 2008 and 2009, will be ISK 1.35 million (USD 11,000, EUR 8,800) per household, as announced in a press conference this afternoon.

Keflavík

Southwest Iceland Community Heavily Indebted

Reykjanesbær municipality in Southwest Iceland, including Keflavík, is in debt by more than ISK 40 billion (USD 327 million, EUR 260 million), as revealed when a report by KPMG on the community’s finances was presented at a public meeting yesterday evening.

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