RSS feed from icelandreview.com
Icelandreview.com on your mobile (Nokia)
Click on the picture to watch an audio slideshow of the lambing season at Brimnes, a farm in the north of Iceland, in April 2008. Sheep farmer Arnar Gústafsson and his girlfriend Edda Björk take shifts watching over the nearly 300 ewes and helping them give birth 24/7 for about two months or until the last lamb is born. In Iceland, the arrival of lambs is synonymous with the arrival of summer. The lambing season is currently at its height.
more
Located just 40 minutes by car and six minutes from Keflavík International Airport, Sandgerdi (“Sandy Hedge”) is a growing town of 1,700 with a storied history and loads to see. Read this special promotion about the hidden secrets of one of Iceland's most charming seaside villages.
more
On 15 February an unusual auction was held by Central Bank of Iceland in which the Bank offered to purchase euros against payment in Icelandic Treasury series bonds. The result was that the sellers got 50% more ISK for their euros than the official exchange rate indicates.
The idea is to get more foreign currency into the country, especially from Icelandic pension funds. Officially the auction is called “an element in the removal of restrictions on capital account transactions” and will reduce the annual Treasury’s refinancing need. Bonds sold in the series amounted to 17 thousand million ISK in nominal value.
The Central bank needs to get more foreign currency reserves before it has to repay loans from the International Monetary Fund, loans that had the purpose of stabilizing the Icelandic economy and the currency after the economic collapse in 2008.
The accepted exchange rate in the auction was 240 krona for each Euro. The official exchange rate is 162 ISK to the euro, so the auction was a bargain for those who really wanted Icelandic currency. One of the reasons the currency is so weak is, of course, the low demand. Many speculate that demand is low because of currency restrictions. Hence, the Icelandic economy seems to be in a vicious cycle.
BJ
Magnús Skarphéðinsson, principal of the Icelandic Elf School, has expressed his concern that Independence Party MP Árni Johnsen may be subject to an accident after relocating a boulder allegedly inhabited by elves to his home in the Westman Islands.
more
The first music festival this summer, Reykjavík Live, kicks off with concerts in the center of Iceland’s capital tonight and will carry on through May 20. The venues are Gamli Gaukurinn, Glaumbar, Prikið and Frú Berlaug.
more
President of Iceland Ólafur Ragnar Grímsson and his main rival for the presidential election on June 30, Þóra Arnórsdóttir, are supported by an almost equal number of voters, 41.3 and 43.4 percent, respectively, as indicated in a new survey.
more
The West Fjords District Court ruled on Monday that a man found guilty of having drowned a Labrador by tying its front and hind legs, fastening it to car tires and throwing it in the ocean is to pay ISK 100,000 (USD 786, EUR 612) in fine.
more
The current issue of the quarterly magazine Iceland Review includes interviews with fashion photographer Saga Sig and conceptual artist Rúrí. Also, we take you to Grímsstaðir á Fjöllum, that desolate land coveted by a Chinese tycoon, and also explore Icelandic archeological remains. We discuss the Icelandic Church, the flourishing gaming industry, debate the future of Iceland’s energy resources and interview the president of the Icelandic National League of North America. Subscribe now and receive a free photo book by IR’s editor Páll Stefánsson of the Eyjafjallajökull eruptions. Click here to subscribe to the magazine and here to buy a gift subscription.
more
REVIEWS
The Reykjavík Shorts&Docs was held in Reykjavík from May 6 to 9 in Bíó Paradís, and what an enriching experience it was to attend the festival.
more
Shedding light on Iceland’s thousand-year history, as manifested in remains ranging from Viking graves to enchanted sites, Mannvist is a fundamental piece of writing. Ásta Andrésdóttir met with its author, archaeologist Birna Lárusdóttir.
more
“The House Project” currently on display in Hafnarborg, the Hafnarfjörður Centre of Culture and Fine Art, is a new artwork by Hreinn Friðfinnsson consisting of a photography series of the three houses. His work is described as “a poetic and philosophical exploration of every day human experience.”
more
){kind=link}