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.
It has emerged that the tallest part of the embattled, currently closed, silicon factory at Helguvík was built without permission.
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.
The British television chef Jamie Oliver has decided to serve West Fjords salmon at the restaurant he plans to open in central Reykjavík.
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.
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.
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.
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.
The Icelandic Seamen’s Association has stated its opposition to a parliamentary proposal to relax rules on so-called coastal fishing.
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...
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.
It has emerged that the Environment Agency of Iceland gave the United Silicon factory in Helguvík official written warning that it was likely to be shut down in a letter dated April 12 this year. The reason for the letter was the release of substances into the environment which could have long-...
Björt Ólafsdóttir, Iceland’s environment minister, says she has had more than enough of the developing situation at the United Silicon factory at Helguvík. Her comments come following a fire at the plant last night.
A fire started at around 04.00 this morning in the United Silicon plant at Helguvík on the Reykjanes peninsula.
The shelves at Verslun Þorsteins Bergmann have been full of beautiful items for the home (especially the kitchen) since 1970, but the popular shop is now leaving its Skólavörðustígur home.
People who have registered as guarantor on loans to people or businesses that later go bankrupt, can only be chased for the debt within two years, thanks to a Supreme Court judgement last week.
Friðjón Björgvin Gunnarsson, CEO of several Icelandic companies, has been sentenced to two-and-a-half years’ imprisonment for breaking tax law, bookkeeping law, and for money laundering.
KEA investment company has decided to begin the construction of a 150-room hotel at Hafnarstræti 80 in Akureyri, North Iceland.
The German bank Hauck & Aufhäuser was never an actual investor in Búnaðarbankinn bank when the Icelandic State’s 45.8 percent stake in the latter was sold in January of 2003.
The seafood company HB Gandi has announced that it plans to discontinue processing demersal fish in the town of Akranes, West Iceland.
The participation of the German bank Hauck & Aufhäuser in the purchase of a 45.8 percent stake in the Icelandic state’s share of Búnaðarbanki bank in 2003 was only for the sake of appearances.
The price of real estate in Iceland is no longer driven by increased purchasing power, but rather by a lack of housing and the fear that the housing supply will continue to diminish.
Foreign funds and investment bank Goldman Sachs have acquired almost 30 percent of shares in Icelandic bank Arion Bank for ISK 48.8 billion (USD 452 million, EUR 420 million), as announced by Arion Bank and Kaupþing ehf. (the administrator of the defunct Kaupþing’s assets) yesterday evening.