Dairy company Kú has filed charges against Mjólkursamsalan (MS), the dominant company on the dairy market, to the Icelandic Competition Authority for violating the competition law. MS denies being in breach of the law.
GáF, a company founded by municipalities in North Iceland to buy a piece of land at Grímsstaðir á Fjöllum and lease it to Chinese tycoon Huang Nubo, is ISK 10 million (USD 83,000, EUR 66,000) in debt.
The Icelandic Ministry of Industries and Innovation has made an agreement with the Icelandic Genetic Resource Council to boost goat farming in Iceland. ISK 7 million (USD 57,000, EUR 46,000) will be invested in the project over the next three years.
The Icelandic Competition Authority (ICA) has referred the cases of 11 employees of transport companies Eimskip and Samskip, including the CEOs of both companies, to the Office of the Special Prosecutor for alleged illegal cooperation.
Reykjavík District Court has ordered an injunction on access by internet users of telecommunications companies Vodafone and Hringdu to the torrent websites deildu.net, deildu.com, thepiratebay.se, thepiratebay.sx and thepiratebay.org.
Fish farming company Fjarðalax in Patreksfjörður, the southern West Fjords, is proving successful and is about to hire 25 new employees. However, the lack of available housing is posing a problem.
The Icelandic Competition Authority (ICA) concluded on September 22, that MS, the largest dairy company in Iceland, had hindered competition on the dairy market by selling milk to competitors at a 17 percent higher price than to companies connected to MS.
WOW Air will add three new destinations to its flight schedule next summer, Dublin, Billund and Rome. Flights to Dublin will operate all year round while flights to Billund and Rome will run during the summer only.
Five-hundred-and-ninety hotel rooms are set to be built at Hlemmur square in Reykjavík, located just east of the city center, taking the total number of hotel rooms in the square to 900 as of next June.
The prediction that the Russian import ban on goods from Norway and the EU might have a negative impact on the sale of Icelandic seafood has not rung true.
The board of the fin whaling company Hvalur hf. has decided to conclude its fin whale hunting season earlier than usual due to bad weather and shorter days. The ships Hvalur 8 and Hvalur 9 came returned to harbor on Tuesday night and Wednesday morning respectively.
Iceland’s GDP (gross domestic product) grew by 3.5 percent in real terms in 2013, according to Statistics Iceland. It’s the most significant increase in GDP in six years.
In August, Iceland was connected to 51 foreign cities thorough flights departing from Keflavík International Airport. As usual, most passengers travel from Iceland to and from Copenhagen.
In August, 19 airlines offered scheduled flights from Keflavík International Airport. An average of 55 airplanes per day left Keflavík for destinations in Europe and North America. Icelandic airlines took the lion’s share of these flights.
People from all around the world have donated a total of ISK 10 million (USD 84,600, EUR 65,000) to save Iceland’s largest goat farm, Háafell in Borgarfjörður, West Iceland, from foreclosure.
New foreign investors will take part in searching for gold in Iceland with added funding in cooperation with local company Melmir. The National Energy Authority has extended Melmir’s permit for searching for precious metals.
Former chair of collapsed Icelandic bank Kaupþing, Sigurður Einarsson, filed a lawsuit against Special Prosecutor of Iceland Ólafur Þór Hauksson and Björn Þorvaldsson, a prosecutor working at the office, at the end of October 2013, as revealed yesterday.
Tuna caught in Icelandic waters sparked a lot of interest in Japan last week when it was sold on the Tokyo fish market.
A campaign on crowd-funding site Indiegogo has raised over USD 40,000 (EUR 30,000, ISK 4.5 million), half of its target amount, in an attempt to save the last remaining commercial goat farm in Iceland.
The Consumer Agency has issued an administrative fine of ISK 1 million (USD 8,620, EUR 6,450) to clothing manufacturer Drífa ehf., which produces clothes under the name Icewear and Norwear, for having used misleading labels.
The first lambs of the season were butchered at Hvammstangi, a small town in Northwest Iceland, yesterday.
The import of beef to Iceland has increased tenfold in the first six months of the year, compared to the same period last year.
Minke whalers have only caught 18 animals this year, which is does not meet the demands of grocery stores and restaurants in Iceland.
Icelanders imported almost 600 kilos (1,322 pounds) of live insects, excluding bees, in the first six months of this year, worth ISK 4.5 million, mostly from Belgium and the U.K.