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Watch an audio slideshow of the winter in Iceland melting away. 
Creditors in the now defunct Icelandic bank Glitnir are reviewing a composition agreement to hand the bank to its bondholders.
Photo copyright Icelandic Photo Agency.
The winding-up committee’s proposal is reportedly supported by the bank’s bondholders, though formal approval has not yet been given.
The Government of Iceland said yesterday that it is seeking to pass a bill allowing it to sell its stakes in Glitnir (now Íslandsbanki), Landsbanki and Kaupþing (now Arion Bank), businessweek.com reports.
After the 2008 banking collapse, the Icelandic government transferred domestic accounts from Glitnir to state-created lender Islandsbanki. Creditors received a 95 percent stake in Islandbanki. The agreement would mean that creditors would receive payments from the estate.
ZR
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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Coalition talks between the Independence and Progressive Party are in the final stages, set to be completed today or tomorrow, and a decision on a new government for Iceland is expected to be announced tomorrow or on Tuesday.
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Actors staging Angels of the Universe at the Icelandic National Theater last night took a short break in the performance in order to be able to watch Eyþór Ingi represent Iceland at the Eurovision semifinal.
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President of Finland Sauli Niinistö and his wife Jenni Haukio will travel to Iceland on an official visit May 28-29.
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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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REVIEWS
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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