News 2015 - September

Two Fatal Accidents

A young man was killed on Ring Road 1, by Geitháls (close to Rauðhólar), on Saturday, when the passenger car he was driving collided with a parked truck.

Coffee cups

Cocoa and Coffee Harvest Time in Iceland

“We got cocoa plant seeds three years ago and the largest plant is now 1.5 meters tall. We hope to get cocoa from it soon,” says Guðríður Helgadóttir, administrator at Reykir in Ölfus. The tropical greenhouse now boasts five thriving cocoa plants.

WOW air Owner Investing Millions

Títan Investments, a company solely owned by WOW air CEO Skúli Mogensen, increased its share in the budget airline by ISK 655 million (EUR 4.5 million/USD 5.2 million) in December 2014.

Tupolev Tu-95 and Typhoon fighter jet

Russian Military Flight Threat Reduced

The Russian military has twice flown near to Iceland so far this year, with four planes. Last year they approached Iceland once, with two planes. According to foreign ministry figures, Russian interest in flying provocatively close to Iceland has decreased in recent years.

Government of Iceland 2013.

Iceland to Welcome More than 100 Refugees

The Government of Iceland announced at a press conference today that ISK 2 billion (USD 16 million, EUR 14 million) will be allocated to assist refugees and asylum seekers. Prime Minister of Iceland Sigmundur Davíð Gunnlaugsson said he expected that Iceland will accept more than 100 refugees...

Money - Icelandic Króna

Icesave Dispute “Over”

Prime Minister of Iceland Sigmundur Davíð Gunnlaugsson has declared that the long-running Icesave dispute with the UK and the Netherlands is now officially over—taking the opportunity to congratulate Icelanders on a complete victory.