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Business

Flateyri, West Fjords

Strong Króna Tough for Fish Processing

Representatives of fish processing companies in the northern part of the West Fjords are worried about the strong value of the Icelandic króna, which has caused them a considerable loss of income.

Skyr

Ruling on Dairy Company Reversed

A competition appeal committee has ruled to revoke the decision of the Icelandic Competition Authority to fine MS Iceland Dairies for violating anti-trust law.

Cows at Mývatn

Fresh Meat Import Ruling Debated

The Reykjavík District Court ruled Friday that the Icelandic State must pay damages to a company that was prevented from importing fresh beef tenderloins to Iceland.

Eimskip

Eimskip Acquires Nor Lines

The Icelandic transportation company Eimskip has signed an agreement to acquire the Norwegian shipping and logistics company Nor Lines.

abacus

Quick Counter Needed

A construction company in Hafnarfjörður published the following message in Morgunblaðið’s classified ads section Saturday:

Supreme Court of Iceland

Supreme Court Affirms Kaupþing Convictions

Yesterday afternoon The Supreme Court of Iceland affirmed the guilty verdicts handed down by the Reykjavík District Court in June of last year over seven out of nine former Kaupþing bank directors.

Icelandic money

Are Taxes Optional?

Foreign companies can choose whether to pay income tax in Iceland, states tax expert and adjunct lecturer at the University of Iceland.

Shopping carts.

Iceland vs. Iceland

A lawsuit could be filed to demand that the British supermarket chain Iceland relinquish its use of the brand name Iceland within the European Union.

Money

Vodafone to Buy 365 Media for 8 Billion

Fjarskipti hf., the parent company of Vodafone in Iceland, and media and telecommunications company 365 miðlar hf. signed an agreement on Tuesday on private talks on Vodafone’s acquisition of the broadcasting and telecommunications services of 365 for ISK 8 billion (USD 69 million, EUR 62...

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