A buttered roll with ham and cheese being sold for ISK 1,190 [USD 11, EUR 10] is an anomaly, according to Helga Árnadóttir, director of the Icelandic Travel Industry Association.
Business
Popular Bakery Opening New Branches
Since bakery Brauð&Co opened its doors in downtown Reykjavík a little over a year ago, it has had to increase its staff from an initial four to nearly 40 because of demand, and management has plans in the works to open new branch locations in the near future.
Trialing Ferry Service between Reykjavík and Akranes
A ferry service between Reykjavík and the town of Akranes to the north of the capital recommenced yesterday evening after a 19-year break.
Lufthansa to Fly Year-Round to Iceland
German airline Lufthansa has announced that it will add Iceland as a year-round destination.
Tour Company Owner Denounces Large Vehicle Ban
A ban on large coach vehicles in the city center of Reykjavik will take effect July 1.
Awakening of Consumer Awareness
The recent opening of wholesale giant Costco’s first store in Iceland has not been missed by anyone.
Silicon Plant Furnace Working Again
The furnace at United Silicon’s plant in Helguvík, Southwest Iceland was started up again Saturday night, following the repair of a raw material conveyor belt.
Number of Cranes Approaches Record Heights
The number of construction cranes across Iceland is approaching the number counted in 2007, just prior to the banking collapse.
Is Icelandic Króna Too Strong?
The strong value of the Icelandic króna has begun to threaten Icelandic companies, and as a result, jobs, Iceland’s Minister of Finance Benedikt Jóhannesson told RÚV earlier this week.
Íslandsbanki Lays Off 20 Employees
The Icelandic bank Íslandsbanki has laid off 20 employees.
Crowds at Costco Opening
Crowds attended the official opening of US wholesaler Costco this morning in Garðabær, near Reykjavík.
Reopening of Silicon Plant Opposed
The residents’ association Opponents Against Heavy Industry in Helguvík is opposing the Environment Agency of Iceland’s decision to permit the reopening of United Silicon’s plant.
Costco Asks Rescue Workers for Help
Large crowds are expected when Costco opens its store in Iceland on Tuesday, next week.
Central Bank Lowers Key Interest Rate
The Monetary Policy Committee (MPC) of the Central Bank of Iceland announced its decision today to lower the bank’s interest rates by 0.25 percentage points.
Ready for Planet Trappist?
Are you tired of Earth and ready for Trappist?
Silicon Factory Added Tallest Part After Planning Process Ended
It has emerged that the tallest part of the embattled, currently closed, silicon factory at Helguvík was built without permission.
Bónus Brand Filling Stations Around the Corner?
Hagar hf., the retail company behind Icelandic household names including supermarkets Bónus and Hagkaup, has signed a contract to buy the oil company Olís and property company DGV ehf.
Jamie Oliver to Open Restaurant in Iceland
The British television chef Jamie Oliver has decided to serve West Fjords salmon at the restaurant he plans to open in central Reykjavík.
Silicon Factory Fire Caused by Broken Pipe
High-tension equipment came loose and led to the start of last week’s fire at the United Silicon plant at Helguvík, on Reykjanes peninsula, southwest Iceland.
2007 Business Excess Remembered Ten Years On
Björgólfur Thor Björgólfsson, posterchild for the pre-2008 Icelandic business ‘outvasion’ and former billionaire, has spent his 50th birthday reminiscing about the crazy times a decade ago, on his 40th.
Fewer Farmers Producing Lots More Milk
The number of dairy farmers in Iceland has gone down by around 200 in the last 13 years—at the same time as milk production has hit an all-time high. 40 dairy farmers quit the trade last year alone.
New Silicon Plant: Locals Worried
Residents and local leaders in Norðurþing, northeast Iceland, are closely following what’s going on at the currently-shut-down United Silicon factory at Helguvík, southwest Iceland.
Relaxed Fishing Proposal Criticized
The Icelandic Seamen’s Association has stated its opposition to a parliamentary proposal to relax rules on so-called coastal fishing.
Icelandic Nets Big in Australia
Hampiðjan, a major Icelandic supplier of ropes, rigging and fishing gear, has struck a deal with one of Australia’s biggest fishing companies for the purchase of 120 prawn fishing nets. The deal has helped push Hampiðjan to the number one slot as the biggest company of its type in Australia, its...
Company Fails in Bid for Tax Deductible Gambling Debt
An Icelandic company has today failed in its appeal against the tax authority’s decision not to allow it to claim ISK 250 million (EUR 2.11/USD 2.26 million) in sports betting losses as tax deductible.