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Mosfellsbær

Privately Run Hospital Planned in Mosfellsbær

The municipal council of Mosfellsbær agreed this morning to grant the mayor permission to sign a contract with MCPB Ltd. which plans to construct a 30,000m 2 (323,000 ft 2) privately run hospital and hotel in the town.

Cows

Sour Consumers Boycott Milk Producer

After it came to light that Iceland Dairies (Mjólkursamsalan) had been fined ISK 480 million (USD 3.9 million, EUR 3.5 million) on Friday for a serious violation of anti-trust law, and its CEO had announced that prices would have to be increased to cover the cost of the fine, consumers have...

Chocolate

Young Chocolatiers in Startup Reykjavík

Among the ten teams that were selected from the 250 applicants to startup accelerator Startup Reykjavík last week is Moon Chocolate, high quality design chocolate bars, created by a group of friends who graduated from junior college Verzlunarskóli Íslands in May.

Már Guðmundsson

Lifting of Capital Controls Likely this Fall

In all likelihood, the foreign currency reserves of the Central Bank of Iceland will be large enough this fall for the lifting of capital controls for the Icelandic public and Icelandic companies to begin.

Unfit Fish Balls Recalled

One of Iceland’s biggest domestic food producers, Ora, has announced it is recalling a batch of its tinned fish balls in curry sauce, as they are not fit for consumption.

Money - Icelandic Króna

Car Magnate’s Missing Millions Found?

Three family members of former Reykjavík city councilor Júlíus Vífill Ingvarsson say that the day after the Panama Papers leak broke in the press, he confessed to the family that his parents’ funds were being stored in his own offshore company.

Secret Solstice

Who is the Fake Man?

Icelandic media are abuzz today about “the fake foreign man” who was among the biggest debtors of the failed old Icelandic banks before the 2008 crash. The name does not refer to a specific individual; it is actually a collective term for a number of unknown overseas legal entities.

Money - Icelandic Króna

Panama Papers Revelations “Déjà Vu”

Yesterday’s new revelations on the financial dealings of influential people in Icelandic politics and pension funds are a direct illustration of worrying trading practices covered in the famous 2010 Alþingi research report into the financial crash, according to Associate Professor of Political...

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