The State Prosecutor has appealed the acquittal of investor Jón Ásgeir Jóhannesson and three high ranking employers of Glitnir Bank in the Aurum Holdings case to the Supreme Court of Iceland.
Costco, the North American member-exclusive warehouse club, has expressed interest in opening both a warehouse superstore and a gas station, or multi-energy station, in Iceland.
Hotel and restaurant prices in Iceland have in the past few years increased disproportionately to the prices of other services and products, according to a recent report from Eurostat.
Foreign tourists’ share of private consumption in Iceland has grown exponentially since 2008, and is still fast increasing.
The Icelandic company Icelandic Water Line plans to build a 105,000 ton ship with on-board facilities for water bottling, including a plastic factory.
Unemployment in Iceland has decreased by 0.9 percent in the last year to 4.5 percent, according to figures from the Icelandic Directorate of Labor.
Foreign Minister of Iceland Gunnar Bragi Sveinsson traveled to China last week, accompanied by a trade delegation representing Icelandic Business and Industry.
Head of the Confederation of Icelandic Industries, Guðrún Hafsteinsdóttir, said in an interview with visir.is yesterday that tourism should contribute more to the local economy.
Icelandic energy company Eykon Energy has decided to cancel its application for an oil exploration license for the Norwegian continental shelf.
The four former Glitnir Bank employees accused of breach of trust and market manipulation in connection with the bank’s ISK 3.8 billion loan to BK-44 in 2007 were yesterday sentenced to four and five years imprisonment.
Contract negotiations between aviation mechanics and Icelandair have broken down again and their indefinite strike is still planned to begin tomorrow – although that now seems unlikely, because the Icelandic parliament has been called in from its summer break to debate the matter and vote on...
Contract negotiations with Icelandair mechanics failed yesterday, meaning their threatened strike is going ahead today, causing disruption to flights.
Gunnar Bragi Sveinsson, Iceland’s Minister for Foreign affairs, and Paul LePage, the Governor of Maine, last week signed a Memorandum of Understanding between their respective states.
The Central Bank of Iceland is buying millions of euro every week to increase its foreign currency reserves.
A new report claims that Iceland’s capital controls, imposed at the start of the financial crisis, should be removed quickly rather than slowly.
Cases have come to light where meat intended for fresh sale in Europe is being frozen right before its expiry date and exported to Iceland.
MP Bank has taken the unusual step of offering to help its customers find other banks if they choose to take their business elsewhere.
The verdicts in the so-called Arum and Imon cases were announced at Reykjavík District Court yesterday. All defendants in the former case were acquitted and all but one in the second.
Sales of new cars in Iceland in May were 51 percent higher than the same month last year, ruv.is reports. As a result, Iceland’s car fleet is getting younger.
The food item with the biggest difference in price between supermarkets surveyed by the Icelandic Federation of Labour (ASÍ) was an avocado. ASÍ checked the price of 105 grocery items at different supermarkets and found that the price of avocados differed by up to 138 percent.