Icelandic tycoon Björgólfur Thor Björgólfsson announced on Wednesday that he and his investment company Novator have completed their settlement to debtors, worth a total of ISK 1,200 billion.
Helgi Anton Eiríksson, CEO of Iceland Seafood International (ISI), one of the biggest exporter of Icelandic seafood, stated that Iceland must be careful in its relations with Russia.
For the first time in Icelandair’s history, the airline transported more passengers to Iceland during a single month than the number of people living in the country.
Two aqua farming companies in the East Fjords, Fiskeldi Austurlands and Laxar fiskeldi, are preparing to have environment impact assessments carried out to help determine whether their operations can be expanded.
Director of the Icelandic Tourist Board Ólöf Ýrr Atladóttir stated that while tourism is the biggest contributor to economic growth in Iceland at the moment, the tourist industry will not be able to cope with continued increase in number of tourists of the same magnitude.
An organization for the welfare of farm animals, Velbú, has asked that those farmers found to be breaking regulations concerning housing for dairy cows should not be allowed to turn in milk to Mjólkursamsalan (Iceland Dairies).
The case of U.K. property tycoon brothers Vincent and Robert Tchenguiz against the Serious Fraud Office for wrongful arrest because of its investigation into the brothers’ part in the collapse of Icelandic bank Kaupþing in 2008 ended yesterday when the SFO settled with Robert Tchenguiz.
The Icelandic company Magma, founded last year at the Commercial College of Iceland, emerged victorious from the silver jubilee of the JA-YE Europe Company of the Year Competition 2014 in Tallinn, Estonia, last week.
Of the 30 individuals to have paid the highest tax in Iceland this year, 15 are registered as living in Reykjavík while nine live in neighboring towns: four in Kópavogur, three in Garðabær and two in Hafnarfjörður.
Between 1,500 and 2,000 apartments in Reykjavík, the majority in the downtown area, are currently being rented out to tourists.
Chinese investors are in discussions with the winding-up board of the Icelandic bank Glitnir to acquire its stake in Íslandsbanki. Glitnir’s share in Íslandsbanki is estimated at ISK 165 billion.
Sales of Icelandic skyr in the Nordic countries are expected to reach roughly 60 million tubs this year. For comparison, around 8 million tubs of skyr are sold on the Icelandic market each year.
International airfares from Iceland have increased by 17 percent from one year ago, according to the latest report on the Consumer Price Index (CPI) from Statistics Iceland.
Budget airlines Norwegian and Easy Jet are looking into the possibility of international flights to Akureyri, North Iceland. However, Greenland Express, which was considering offering flights between Akureyri and Denmark, has shelved its plans.
U.S. company Silicor Materials confirmed in a press release on Tuesday its plans to open its first large-scale solar silicon production facility at the port of Grundartangi in Hvalfjörður fjord, West Iceland, near the Century Aluminum smelter.
A record 51 foreign destinations were served by regular flights to and from Keflavík International Airport in June.
The Reykjavík City Council has decided to allow licensed street vendors to operate along Austurstræti street, located in the downtown area.
The Ministry of Fisheries and Agriculture will appoint a working group to revise regulations on eco-friendly agricultural production in Iceland after daily Fréttablaðið discovered that the industry was not being monitored.
Domestic airline Eagle Air (Flugfélagið Ernir) offers different prices for fares in the Icelandic and English versions of its website. The airline’s CEO maintains that the pricing is fair.
Jóhannes Haukur Hauksson, one of the owners of the land Grímsstaðir á Fjöllum in Northeast Iceland, said he and three other owners are planning to advertise their 72 percent share of the land for sale in the European Economic Area (EEA) in the coming days.
The British airline EasyJet will double its scheduled flights to Iceland in the upcoming season. This move will make them second only to Icelandair in flight frequency to Iceland, according to a press release.
To add to the variety of Icelandic berries, cherries are now being grown at greenhouse farm Engi in Laugarás, South Iceland, and this summer’s harvest is looking good.
The Icelandic company Even has purchased, and in the next few months intends to set up, 200 new express electric-car charging stations around the country.
Bjarni Benediktsson, Iceland’s finance minister, wants to make changes to the ownership of Landsbankinn by selling the government’s shares in order to ease the debt of the State Treasury.