Head of the Confederation of Icelandic Industries, Guðrún Hafsteinsdóttir, said in an interview with visir.is yesterday that tourism should contribute more to the local economy.
Icelandic energy company Eykon Energy has decided to cancel its application for an oil exploration license for the Norwegian continental shelf.
The four former Glitnir Bank employees accused of breach of trust and market manipulation in connection with the bank’s ISK 3.8 billion loan to BK-44 in 2007 were yesterday sentenced to four and five years imprisonment.
Contract negotiations between aviation mechanics and Icelandair have broken down again and their indefinite strike is still planned to begin tomorrow – although that now seems unlikely, because the Icelandic parliament has been called in from its summer break to debate the matter and vote on...
Contract negotiations with Icelandair mechanics failed yesterday, meaning their threatened strike is going ahead today, causing disruption to flights.
Gunnar Bragi Sveinsson, Iceland’s Minister for Foreign affairs, and Paul LePage, the Governor of Maine, last week signed a Memorandum of Understanding between their respective states.
The Central Bank of Iceland is buying millions of euro every week to increase its foreign currency reserves.
A new report claims that Iceland’s capital controls, imposed at the start of the financial crisis, should be removed quickly rather than slowly.
Cases have come to light where meat intended for fresh sale in Europe is being frozen right before its expiry date and exported to Iceland.
MP Bank has taken the unusual step of offering to help its customers find other banks if they choose to take their business elsewhere.
The verdicts in the so-called Arum and Imon cases were announced at Reykjavík District Court yesterday. All defendants in the former case were acquitted and all but one in the second.
Sales of new cars in Iceland in May were 51 percent higher than the same month last year, ruv.is reports. As a result, Iceland’s car fleet is getting younger.
The food item with the biggest difference in price between supermarkets surveyed by the Icelandic Federation of Labour (ASÍ) was an avocado. ASÍ checked the price of 105 grocery items at different supermarkets and found that the price of avocados differed by up to 138 percent.
U.S. company Silicor Materials, a leading manufacturer of high-quality solar silicon, plans to sign a contract with Faxaflóahafnir Associated Icelandic Ports on the building of a new silicon plant at Grundartangi in Hvalfjörður today.
Icelandic company Eykon Energy along with CNOOC, China National Offshore Oil Corporation, plans to begin oil exploration in the so-called ‘Dragon Zone,’ which lies in Icelandic waters, this summer.
Reykjavík and the Blue Lagoon appear in a new ad for Apple iPad Air. The ad shows travel writer Chérie King using an iPad during her travels to, among other places, Iceland, Vietnam and Morocco.
Reykjavík Geothermal and the African Union will sign a USD 8 million contract today allowing Reykjavík Geothermal to start drilling in the Ethiopian Rift Valley as part of two 500 MW power plants under construction.
The marketing organization Iceland Naturally will receive USD 1 million (ISK 339 million, EUR 735,000) per year until the end of 2016 to promote Iceland and make Icelandic products and services more visible on the North American market.
A free trade agreement between Iceland and China will take effect on July 1 after the process of implementing the agreement into law was completed.