The Icelandic Treasury’s debt has fallen by over ISK 88 billion ($809m/€710m) over the past 12 months.
Business
Pharmaceutical Company Protests Use of Drug in Death Sentences
Pharmaceutical company Alvogen is spearheading a lawsuit objecting to the use of their drugs in the execution of a prisoner in Nevada.
Króna Enjoying Most Stable Exchange Rate in Years
This welcome stability is thought to be due to several factors, not least of which is increased confidence in the Icelandic economy.
WOW Air Faces Competition in Pittsburgh
Over the five months in 2017 that WOW operated its Pittsburgh – Europe routes without competition, the airline transported 41,095 passengers to and from the US city.
Sheep Farmers at the Mercy of the Market
Sheep farmers need better tools to respond to market changes, says Sheep Farmers Association Chairperson Oddný Steina Valsdóttir.
Stock Exchange to Discontinue Publishing List of Largest Shareholders
The Iceland Stock Exchange will discontinue publishing a list of the 20 largest shareholders in the companies that are listed on the exchange.
Mariott to Open 150-Room Airport Hotel in 2019
A new 150-room Courtyard by Mariott hotel will open next year at Keflavík International Airport.
Airport Parking Fee Waived for Buses
Isavia has been ordered to temporarily waive parking fees for buses at Keflavík International Airport.
Whaling Company Bars Employees from Union
Whaling company Hvalur hf. has forbidden their employees from joining the Akranes Trade Union.
Island for Sale
The island of Vigur in Ísafjarðardúp, the Pearl in the Deep, is for sale.
Dokkan Brews First Westfjords Beer
"We’re in the Westfjords where there’s no brewery in a 400-kilometer radius—that’s unique in and of itself."
Construction Modified for the Sake of Elves
An apartment complex in Hveragerði, South Iceland was redesigned to accommodate a rock many locals believe houses elves.
Icelandair to Sell Hotel Chain
Icelandair currently operates 13 hotels under the brands Icelandair Hotels and Hotel Edda—1,937 rooms in total.
Gray Line Cancels Blue Lagoon Tours, Lays Off Fifteen Employees
An announcement from the company explained that this expected decline is a result of the fact that the company will no longer be offering transportation to and from the Blue Lagoon.
Knockoff Iceland Jerseys Undercut Local Retailers
Knockoff Icelandic football jerseys are being sold online for a fraction of the price of the real thing.
New Gas Plant Does Not Pollute, CEO Says
A new gas plant began operations yesterday in Southwest Iceland.
Dog Breeding Farm Shut Down
The Icelandic Food and Veterinary Authority (MAST) has shut down Dalsmynni dog breeding farm in North Iceland.
Ólafur Elíasson's Home Is For Sale
The unique property features a front door that's been carved to look like an owl.
New EU Customs Agreement Means Cheaper French Fries and Frozen Pizza
The new customs agreement between Iceland and the EU will see import duties on treats like french fries, ice cream, popsicles, and sorbet go down significantly.
Iceland Gets a Taste of Tomato Beer
"The beer is being brewed in collaboration with Ægisgarð brewery in Reykjavík and is a ‘light, summery beer.'”
Car Rental Industry Equals Agriculture in Iceland
Data shows car rental companies and agriculture are equally large sectors of the Icelandic economy.
Earned 230 Million from 46 Airbnb Properties
The highest earning Airbnb operator in Iceland earned ISK 230 million last year from 46 different properties.
Housing Prices Rise Fastest in Countryside
Apartment prices are rising more than twice as fast in the countryside as in the Reykjavík capital area.
Owner of ‘HÚH!’ Says He Regrets Trademark Kerfuffle
Gunnar Þór Andrésson, a man who trademarked the word ‘HÚH! says that he regrets how his recent and increasingly public debate with well-known comic Hugleikur Dagsson about a copyright infringement issue has played out; he won't be pursuing the matter further.
Mál og Menning Bookstore May Be Sold
A real estate agency is “reviewing the market” in advance of a possible sale of Mál og menning bookstore.