Reykjavík
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Business

Bread and Co

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.

Icelandic money

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.

United Silicon, Helguvík.

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.

Björgólfur Thor Björgólfsson.

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.

Cows

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.

United Silicon, Helguvík.

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.

fishing boat

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...

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