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Money

Kaupþing to Pay Huge Bonuses?

A group of about 20 employees of the holding company Kaupþing could be receiving bonuses totaling almost ISK 1.5 billion (USD 12.82 million, EUR 11.35 million) to be paid out at the end of April next year.

Bónus grocery store

Bónus Event Impossible to Exit

Customers at the Bónus grocery store on Laugavegur, downtown Reykjavík, were surprised on Saturday night not to find anyone at the registers, let alone in the aisles, ready to offer assistance.

Jóhanes Viðar Bjarnason

Pokémon Publicity Proves Problematic in Places

When the Pokémon Go craze overtook Icelanders this summer, Fjörukráin restaurant in Hafnarfjörður, a town near Reykjavík, took advantage of the mobile game’s popularity by advertising itself as Pokémon friendly.

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.

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