Stranded Tourists Rescued

Four American tourists had to be rescued after the hired car they were travelling in became stuck in the highlands, north of Landmannalaugar. The rescue squad Stjarnan was called by one of the stranded tourists, who left the car and walked to a near-by mountain hut.

Housing Prices Rise

Housing prices have risen by an average of 14 percent over the past year in the Reykjavik area. The boom is a result of the government's decision to restructure housing loans. The government now offers 90 percent loans, which has increased the demand for new homes.

The boom...

Nothing budges in Teacher's strike

The meeting of teachers and county representatives at the state negotiator's offices yesterday procured no results. The meeting took three hours. Another meeting has been set for tomorrow morning. Today, parents have organised a protest outside the House of Parliament accompanied by their...

Paris exhibition costs

The Ministry of Culture has answered the formal request of RÚV news office on how much the Icelandic cultural days and exhibitions in Paris recently cost the state. They say that the total cost was 51 million ISK of which the Ministry of Culture paid 40 million. Icelandic companies sponsored the...

Lunar Eclipse

A lunar eclipse will be visible over Iceland tonight. Due to the weather conditions, the eclipse is expected to be very colourful. The next lunar eclipse will be 3 March 2007.

Hopeful Note Sounded on Teacher's Strike

The State negotiator is expected to propose a deal that will put an end to the five-week old teacher's strike, RUV is reporting.

The new contract being discussed will offer a different work arrangement for teachers and will include a substantial wage increase.

RUV reports that...

Vodafone Buys Nordurljos

The telecommunications company Og Vodafone purchased a 90 percent stake in the media conglomerate Nordurljos. The sale price is reported to be ISK 3.6 billion. Og Vodafone is expected to purchase the remaining shares over the next few weeks.

Following the purchase, Nordurljos announced...