The participation of the German bank Hauck & Aufhäuser in the purchase of a 45.8 percent stake in the Icelandic state’s share of Búnaðarbanki bank in 2003 was only for the sake of appearances.
The price of real estate in Iceland is no longer driven by increased purchasing power, but rather by a lack of housing and the fear that the housing supply will continue to diminish.
Foreign funds and investment bank Goldman Sachs have acquired almost 30 percent of shares in Icelandic bank Arion Bank for ISK 48.8 billion (USD 452 million, EUR 420 million), as announced by Arion Bank and Kaupþing ehf. (the administrator of the defunct Kaupþing’s assets) yesterday evening.
Vodafone has signed a deal to purchase all assets and operations of the Icelandic media company 365, except for the newspaper Fréttablaðið and the magazine Glamour.
Preliminary figures show that gross domestic product in Iceland grew by 7.2 percent in real terms last year.
The Dutch union FNV has pressed charges with the Dutch police against the Icelandic logistics firm Samskip.
Last year’s turnover at WOW Air amounted to ISK 36.7 billion, representing a 111 percent increase from the previous year.
At a ceremony in Stockholm this morning, Restaurant DILL has was awarded a Michelin star, one of the most prestigious marks of distinction given to restaurants.
Selling half of the Icelandic state’s share in the country’s banks in coming years could reduce the state’s debt to 10-15 percent of GDP by 2022.
The arrival of the US wholesale giant Costco in Iceland this spring will have a large impact on wholesalers and domestic producers.
This year, there are plans to form a development company, whose goal it is to plan a harbor for large ships in Finnafjörður, Northeast Iceland.
The number of hotel rooms in Reykjavík is expected to increase by 50 percent in the next two to four years.
If you’re one of those people living in the US who have a craving for SS hot dogs from Iceland, your craving may soon be satisfied.
Three board members of Glitnir Holdco ehf., along with a few Icelandic key employees of the company in Iceland, have already secured a total of ISK 875-1,525 million (USD 7.6 million, EUR 7 million) in bonuses.
An Indian investor plans to construct a water bottling plant in the remote area of Borgarfjörður eystri, Northeast Iceland.
A thermal beach and geo spa is set to open by Urriðavatn lake near Egilsstaðir in East Iceland in 2019. Warm water from geothermal boreholes in the vicinity will be used to create bathing facilities by the lake. The project will be launched with the signing of a collaboration agreement today....
The Icelandic state announced on Monday its intention to acquire the private land Fell in Suðursveit, to which part of the famous glacial lagoon Jökulsárlón in Southeast Iceland belongs. However, the acquisition may be up in the air because it appears that the deadline for the state to use its...