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.
The harvest season for Icelandic vegetables and berries, both wild and commercially-grown, has begun. Wild Icelandic bilberries, blueberries and crowberries are available for sale.
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.