Icelandic pig farmers are suffering financially due to the ongoing vets’ strike and some no longer have money for animal feed and to pay bills.
Iceland’s Finance Minister Bjarni Benediktsson says it is not the sole responsibility of the state to ensure a decent wage for the lowest paid but that employers too must contribute.
“Hello everyone. Sorry for the late reply - the time difference here in Höfn makes it difficult for me sometimes,” is part of a Facebook answer from Arla Skyr. “I can confirm this is the same Skyr you found when you traveled to my wonderful homeland.”
An agreement was reached yesterday between pig farmers and veterinarians which will allow pigs to start being slaughtered today, in spite of the ongoing vets’ strike.
The 22-day hearing of nine former Kaupþing Bank managers, accused of widespread market manipulation at the former bank, has now reached half way—with yesterday its 11th day.
The latest tourism marketing campaign by Inspired by Iceland, a ‘human search engine,’ was covered on bbc.com on Friday. Seven different people, all men called Guðmundur or women called Guðmunda, living in the seven different regions of the country, answer questions.
Some Icelandic estate agents have started putting clauses in house purchase contracts so that buyers have to pay sellers extra interest due to the lawyers’ strike at district commissioners’ offices around the country.
It now looks very likely that the first strike planned by the Federation of General and Special workers in Iceland will go ahead today and that around 10,000 members will down tools at midday.
Prime Minister Sigmundur Davíð Gunnlaugsson put forth a bill in parliament yesterday on the freer use of Iceland’s national flag on Icelandic products and design. The new bill will allow the flag to be displayed on Icelandic products, design and intellectual property under the supervision of the...
The methanol production plant Carbon Recycling at Svartsengi, Southwest Iceland, tripled its production last week to 4,000 tons per year.
A coalition of animal welfare and conservation groups has launched a new online ad campaign to coincide with the 2015 Seafood Exposition Global and Seafood Processing Global convention in Brussels, which begins today, advising consumers and major seafood buyers to be aware of fish “tainted by...
A group of Icelandic investors have made an agreement with U.S. restaurant chain Denny’s Diner on opening three restaurants in Iceland in the next two years; the first in Europe. The first restaurant is set to open this year and a suitable location is being sought.
U.S. coffeehouse chain Dunkin’ Donuts has made a franchise contract with Icelandic supermarket chain 10-11 on opening restaurants under the company’s brand in 16 locations in the country, as announced in a joint press release today.
The construction of a power plant in geothermal area Þeistareykir in Northeast Iceland will begin in the coming days; Landsvirkjun, the national power company, and contractor LNS Saga signed an agreement on the plant’s construction on Monday.
U.S. real estate company Carpenter & Company have purchased the construction rights for a hotel next to concert and conference center Harpa at the Reykjavík wharf. The company is planning to build a five-star, 250-room hotel, including a number of restaurants, a spa and rooms for meetings...
Icelandair plane Herðubreið was struck by lightning on Tuesday. The plane was en route to Denver when the incident occurred and landed there safely according to schedule. However, in Denver it turned out that the lightning had pierced the plane’s nose.
Ingibjörg Kristjánsdóttir, the wife of former majority owner of Kaupþing Bank Ólafur Ólafsson, who in February was handed a four-and-a-half year sentence for being party to the Al-Thani scam, maintains in an article she wrote in Fréttablaðið today that the Supreme Court of Iceland had confused...
The North Iceland Symphony Orchestra is being promoted as a studio band and Akureyri culture center Hof as a studio for recording music as part of a recently-launched marketing initiative, Arctic Cinema Orchestra. Projects on behalf of Disney and Sony are currently being recorded at the studio...
Thousands of jobs in the growing tourism industry in Iceland will need to be filled by foreign workers, according to Edward H. Huijbens, professor at the University of Akureyri and director of the Icelandic Tourism Research Centre.
A report, commissioned by Prime Minister Sigmundur Davíð Gunnlaugsson, outlining the need for a fundamental reform of Iceland’s monetary system, was published today by Progressive Party MP and chair of the Alþingi parliament’s Committee for Economic Affairs and Trade Frosti Sigurjónsson.
The number of overnight stays in Iceland totaled 5.5 million last year, up 21 percent from the previous year. Stays by foreign visitors made up 80 percent of the total, up 25 percent from 2013. Overnight stays among Icelanders increased six percent from 2013, according to Statistics Iceland.
Landsbanki bank has taken over all assets and liabilities of Sparisjóður Vestmannaeyja, the local savings bank in Vestmannaeyjar. The Icelandic Financial Supervisory Authority authorized the merger yesterday.
Six hundred new hotel rooms need to be built in Reykjavík each year for the next six years, doubling the capacity from 4,000 hotel rooms to 8,100, to meet the forecasted demand.
Inflation in Iceland has run at an average of nearly 16 percent per year since it first started being measured.