Business

Iceland Among Top 25 In Global Competitiveness

Iceland has risen four spots in the World Economic Forum's Global Competitiveness Index since last year.

Website Showing Icelanders’ Income Won’t Be Shut Down

An injunction against tekjur.is, a website that makes Icelanders’ income public, has been denied.

Króna Continues to Weaken

The króna continues to weaken despite the intervention of the Central Bank of Iceland.

WOW air Cuts US Destinations

Icelandic airline WOW air is discontinuing flights from three US destinations.

Search-and-Rescue Fleet to be Renewed

Search and rescue association Landsbjörg have signed an agreement with boat manufacturer Rafnar to renew it's rescue vessel fleet.

Stundin Editor Plans Further Reporting From Glitnir Files

Jón Trausti reynisson, editor of Stundin media outlet, has stated that Stundin will publish more reports from the Glitnir files.

Licenses For Salmon Farming Revoked

The operational license of salmon farming companies Arctic Sea Farm and Fjarðarlax for a combined 17,500-ton sea pen farming in Patreksfjörður and Tálknafjörður has been revoked.

Mink Farming Faces Uncertain Future

According to the chairman of the Icelandic Fur Breeder’s Association, it is likely that many mink farmers will close their operations if the government does not intervene.

Bloggers Banned From Using Hidden Ads

Two Icelandic bloggers have been banned from using hidden advertisements in their posts, after having been found guilty of posting a hidden ads for a Canon camera.

Icelandair To Start Discussions With Creditors

Icelandair Group will start discussions today with creditors who own over 50% of the company's non-index-linked bonds.

Helgi Seljan reporting on violations of foreign workers' rights

Reports of Violations of Foreign Workers' Rights Raise Concerns

News program Kveikur yesterday reported on examples of breaches of work regulations, pay disparity, and even labour trafficking foreign workers in Iceland are subject to.

Hafnartorg Area Nearing Completion

The Hafnartorg area, situated between Laugavegur and Harpa music hall, has changed the face of downtown Reykjavík.

Primera Air Headed For Bankruptcy

Primera Air, owned by the Icelandic Primera Travel Group, has laid off all of its staff and will apply for suspensions of payment tomorrow.

Icelandair Flight Attendants Affected By Air Quality

Icelandair flight attendants headed to the hospital due to unpleasantness, headaches, and signs of fatigue after experiencing reduced air quality in an aircraft.

Icelandair Lays Off Thirty Employees

The layoffs, which are part of new efficiency measures, affected employees in various positions and departments, in both the Reykjavík and Keflavík offices.

Bankers Case Re-Opened Six Years Later

Glitnir bankers' case has been re-opened in the Court of Appeal, 6 years after the case was opened.

Reyðarfjörður, one of the towns in the Fjarðabyggð municipality.

Insurance Company Closes Offices Around the Country

Insurance company VÍS is merging its service office around the country into six offices, at Selfoss, Egilsstaðir, Akureyri, Sauðárkrókur, Ísafjörður and Reykjavík.

Icelandair Draws Criticism of Former Prime Minister

Former prime minister Jóhanna Sigurðardóttir has publicly criticized Icelandair’s recent decision to get rid of all part-time positions.

Brits Could Learn From Icelandic Fishing Expertise, Says Minister

Iceland’s Minister for Foreign Affairs says that Iceland is prepared to lend the UK a hand in developing a fisheries policy.

Former EFTA Chairman Takes Over as Temporary CEO of Reykjavík Energy

Helga Jónsdóttir, a former chairman of the European Free Trade Association (EFTA) is temporarily stepping in as CEO of Reykjavík Energy.

Iceland Air Seeks Majority Share in Cape Verde Airline

Icelandair will have the option of acquiring up to 51% of the capital of the Cape Verdean airline.

Sexist Behaviour at ON Power 'a Can of Worms'

Berglind Rán Ólafsdótti has been appointed CEO of ON Power, subsidiary of Reykjavík Energy after former CEO Bjarni Már Júlíusson was fired due to misogynistic conduct last week.