
Seven companies have asked to be listed on the NASDAQ OMX in Reykjavík, in one of the biggest privatization plans in the country’s history. All seven companies are owned, at least in part, by Landsbanki Íslands, which the Government of Iceland owns 81 percent, Fréttablaðið reports.

The companies are: investment company Horn, owned 100 percent by Landsbanki; the shipping company Eimskip of which Horn owns 3.95 percent; Reginn, a property management company owned 100 percent by Landsbanki; Reitir, a real estate company of which Landsbanki owns 29.6 percent; Advania, a software and application company which Landsbanki owns a 79 percent share in; and N1, Iceland’s biggest gas service company of which Landsbanki owns 55 percent.
The bank itself will also be put on the market in 2012.
PS
Whitsun, or hvítasunna in Icelandic, is a religious holiday, celebrated on the seventh Sunday after Easter. Usually known as Pentecost in English, the holiday commemorates the descent of the Holy Spirit upon the disciples of Christ.
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Icelandic post-rock band Sigur Rós are set to appear on Jay Leno’s The Tonight Show on NBC on Friday next week.
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Chairman of the Progressive Party Sigmundur Davíð Gunnlaugsson will become Iceland’s next prime minister and leader of the Independence Party, Bjarni Benediktsson, will take up the position of Minister of Finance and Economic Affairs, as reported in the Icelandic media yesterday.
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The festival Reykjavík Music Mess kicks off at KEX Hostel in the center of the capital with an opening party on May 23 at 8 pm. An art exhibition themed around the participating bands will open at the occasion and Boogie Trouble will play a few songs. Entry is free.
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The 2013 April-May issue of Iceland Review & Atlantica has been released. Packed with informative and entertaining stories, highlights include an interview with outgoing Prime Minister Jóhanna Sigurðardóttir and the people who know her best, a photo essay of ice caves in Europe’s largest glacier and a colorful feature on life in the West Fjords.
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The 11th Reykjavík Shorts & Docs. Catch it while it lasts!
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Fida Abu Libdeh moved to Iceland from East Jerusalem at 16, made her way through the Icelandic education system and now runs a promising startup company.
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The 27th Reykjavík Arts Festival starts this week.
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