Íslandsbanki reports that last year the cost of apartments in Reykjavík increased a staggering 25%. Further, they believe that the cost will continue to rise at the same rate, possibly at a higher rate.
Brazilian company Companhia Vale do Rio Doce is amongst those companies who have looked at Helguvík in the southern peninsula in Reykjanes. The company, which runs iron manganese factories in Norway and France is looking to build a factory in the Icelandic inlet.
According to the Icelandic Work Institute, work permits for further foreign Impregilo workers will not be issued until at least next week, or until a result is reached at the Ministry of Social Affairs on Impregilo's wage agreements.
Deputy leader of the Progressive Party, Minister of Agriculture Gudni Ágústsson said in a talk show last Sunday that the decision to support the war on Iraq had not been discussed in Parliament until the decision had been made.
CEO of Icelandair, Sigurdur Helgason announced at a board meeting yesterday that he will be resigning on May 31 after twenty years as head of the company.
According to a new international survey, Icelandic women own more vibrators per capita (52 percent) than women in any other country.
Three avalanches fell onto Óshlíd in the West Fjords this morning. The meterological office has issued a warning for further avalanches and the road administration closed the nearby roads.
Yesterday marked the ten year anniversary of the Súdavík avalanche which caused losses in six families. Two hundred people attended the service at the local church and one family donated a painting " Rescue," to the local rescue team.
Valdís Óskarsdóttir, who cut the movie Eternal Sunshine of the Spotless Mind by Charles Kaufman is apparently one of the favourites for the Oscar nominations this year.
An Icelandic course on the treatment of fruit and vegetables in supermarkets has been nominated for the European quality awards at Leonardo, the EEA's cooperative project.
We have been experiencing some technical difficulties with our free news email service and have therefore not sent out a newsletter since last Friday.
German authorities announced that they have arrested two Icelanders involved in a smuggling operation between Iceland and Germany. They are currently searching for the collaborators to the two fishermen who have already been arrested and sentenced.
The IU or Icelandic Radio Company, a division of Nordurljos, has cut three major stations.
The district court of Reykjavík has ruled that the controversial aluminium factory in the East Fjords will need an environmental assessment to begin operations.
Following a newspaper ad, ten Icelanders have been hired to work for Impregilo at the Kárahnjúkar dam in east Iceland. The Italian contractors plan to advertise for more Icelandic workers in upcoming weeks.
Kofi Annan, managing director of the United Nations has appointed Steinar Berg Björnsson as his special assistant in Liberia. Björnsson, who has worked for the peace corps since 1990 and last worked in Sierra Leone, will be the deputy director of the peace corps in the country.
Icelanders pay more than other Nordic countries for medication according to a new survey by NOMESCO. However, Icelanders use less medication than the other Nordic countries, with the exception of drugs for mental illness.
A large group of Icelanders is organising a nation-wide collection of money for the victims of the Tsunami disaster. The event, called Neydarhjálp í Nordri (Emergency aid from the North) will be broadcasted on RÚV, channel 2 and Skjár Einn and various local celebrities will appear.
The documentary Screaming Masterpiece produced by Ari Alexander Ergis Magnusson, Sigurjon Sighvatsson, Thor Snaer Sigurjonsson og Skuli Fr. has received roughly 7 million ISK from the Eurimages Fund.
Lawyers made their cases yesterday for twelve hours at the Icelandic High Court. The Icelandic Fair Trade Authority found Iceland's three largest oil companies Shell, Olís and Esso guilty of price fixing late last year and fined them.