Dairy company Kú has filed charges against Mjólkursamsalan (MS), the dominant company on the dairy market, to the Icelandic Competition Authority for violating the competition law. MS denies being in breach of the law.
GáF, a company founded by municipalities in North Iceland to buy a piece of land at Grímsstaðir á Fjöllum and lease it to Chinese tycoon Huang Nubo, is ISK 10 million (USD 83,000, EUR 66,000) in debt.
The Icelandic Ministry of Industries and Innovation has made an agreement with the Icelandic Genetic Resource Council to boost goat farming in Iceland. ISK 7 million (USD 57,000, EUR 46,000) will be invested in the project over the next three years.
The Icelandic Competition Authority (ICA) has referred the cases of 11 employees of transport companies Eimskip and Samskip, including the CEOs of both companies, to the Office of the Special Prosecutor for alleged illegal cooperation.
Reykjavík District Court has ordered an injunction on access by internet users of telecommunications companies Vodafone and Hringdu to the torrent websites deildu.net , deildu.com , thepiratebay.se , thepiratebay.sx and thepiratebay.org .
Fish farming company Fjarðalax in Patreksfjörður, the southern West Fjords, is proving successful and is about to hire 25 new employees. However, the lack of available housing is posing a problem.
The Icelandic Competition Authority (ICA) concluded on September 22, that MS, the largest dairy company in Iceland, had hindered competition on the dairy market by selling milk to competitors at a 17 percent higher price than to companies connected to MS.
WOW Air will add three new destinations to its flight schedule next summer, Dublin, Billund and Rome. Flights to Dublin will operate all year round while flights to Billund and Rome will run during the summer only.
Five-hundred-and-ninety hotel rooms are set to be built at Hlemmur square in Reykjavík, located just east of the city center, taking the total number of hotel rooms in the square to 900 as of next June.