The Icelandic state could increase its revenue by up to ISK 1.3 billion (USD 9.8 million, EUR 8.8 million) per year from supporting international flights to Akureyri in North Iceland and Egilsstaðir in East Iceland, according to the conclusion of a task force presented this week.
Icelandic company Klappir Development and China Nonferrous Metal Industry’s Foreign Engineering and Construction (NFC) signed a declaration of intent on the building of an aluminum smelter in a planned industrial area at Hafursstaðir in Skagabyggð, Northwest Iceland, in Reykjavík on Tuesday.
Sigurður Einarsson, former chairman of Kaupþing Bank, has today been sentenced to one year in prison in the so-called 'big market manipulation case' at the Reykjavík district Court. Hreiðar Már Sigurðsson was also found guilty, but was not sentenced on top of the existing prison term he is...
The former CEO of the savings bank SPRON Guðmundur Örn Hauksson and former board members Ari Bergmann Einarsson, Margrét Guðmundsdóttir, Ásgeir Baldursson and Rannveig Rist were acquitted of charges of breach of trust in Reykjavík District Court this morning.
A group of shareholders in the collapsed bank Landsbanki believe that they can prove how the bank’s former owner Björgólfur Thor Björgólfsson deceived them, causing financial damage to 25,000 shareholders. They have established an interest group to take Björgólfur to court.
Icelandic mackerel might soon be sold to Asia, according to the director of the seafood company VSV in Vestmannaeyjar (the Westman Islands) Sigurgeir Brynjar Kristgeirsson. “We search the world for new markets. We have primarily found them in Southeast Asia and sold mackerel to China and...
Iceland’s GDP is about 20 percent above the EU average, a new report reveals. GDP is highest of all in Luxembourg and Norway.
Municipalities in Northwest Iceland have signed a declaration of intent and a cooperation agreement with Klappir Development ehf. on the construction and operation of a 120,000 ton aluminum smelter they hope to build at Hafursstaðir in Skagabyggð.
Lee Buchheit, a lawyer given the label ‘Crusader for Financially Stricken Countries’ by the Financial Times, is well-known in Iceland.