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Business

Icelandair plane

Most Flights by Icelandic Airlines

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.

Icelandic goats

Millions Donated to Icelandic Goat Farm

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.

Gold.

Gold Search Continues in Iceland

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 Kaupþing Sigurður Einarsson.

Ex-Kaupþing Chair Sued Special Prosecutor

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.

Icelandic goat Casanova at Háafell farm

Over USD 40,000 Raised to Save Icelandic Goat

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.

Woolen socks

Clothing Company Fined for Misleading Labels

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.

Camping at Landmannalaugar

Tourism in Iceland ‘Can’t Grow Infinitely’

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.

gavel as used in courts

Tchenguiz Brothers’ SFO Kaupþing Case Closed

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.

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