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Business

Landsbankinn Shelves Controversial HQ Move

Icelandic bank Landsbankinn has decided to freeze the design competition for its new headquarters, planned for later this month. The bank says in a statement on its website that the decision was made so that it can consider the various points-of-view that have come forth in the last few weeks....

Iceland Most Expensive in Five out of Twelve Categories

Iceland ranked as most expensive in five of the 12 goods and services categories studied in 37 European countries, according to new figures from Eurostat. Clothes, shoes, household appliances, electronics and transportation services were all more expensive than elsewhere.

Dunkin’ Donuts Opens This Week

Few people in Iceland have missed the fact that American doughnut giant Dunkin’ Donuts is about to open its first branch in the country. The news has been controversial and received extremely mixed reactions.

Bankers Enjoy Big Pay Rise

Tax figures for 2014 extrapolated by the business magazine Frjáls Verslun, owned by Iceland Review publisher Heimur hf, show that the average salary of the CEOs of Iceland’s 200 biggest companies is around ISK 2.6 million (EUR 17,580/USD 19,195) per month.

Icelandic Bottled Water “Not Tap Water”

“It is far from true that the water we put in bottles is tap water. Tap water has been through old pipes under the city. Our water comes straight from the spring and from there straight into bottles. Outside air first comes into contact with the water when the bottle is opened. The product we...