Lýður Guðmundsson, former chair of investment company Exista, was yesterday sentenced to eight months in prison by Iceland’s Supreme Court. Five months of the sentence are suspended.
There is a large difference between the salaries of the directors at three of Iceland’s banks, Morgunblaðið reports.
IKEA raised the price of saltkjöt og baunir (salted meat and bean stew), traditionally eaten on Shrove Tuesday in Iceland, by 500 percent this year. The day is known as Sprengidagur (‘Bursting Day’).
Statistics Iceland has published new data related to the Icelandic fishing fleet compiled at the end of 2013.
Grocery prices in Iceland increased by up to 6.8 percent in 2013, according to the latest price survey carried out by the Icelandic Confederation of Labor.
One in four Icelanders aged 18 to 29 have a Netflix account, the American provider or on-demand internet streaming media, despite it being illegal in the country.
Icelander Rut Hermannsdóttir is one of three owners of the new boutique and coffee bar Búðin in Brooklyn, New York City.
According to the preliminary results from Statistics Iceland for 2013, the total production value of Iceland’s agricultural sector increased by 4.3 percent and was ISK 61.5 billion (USD 535 million, EUR 393 million).
Last year a total of 781,000 foreign tourists went through Keflavík International Airport, an increase of 20 percent, or 135,000 people.
Five fishing boats from Bolungarvík, in the West Fjords, were among the top six smaller fishing boats in Iceland with the biggest catches in 2013.
Three thousand five hundred liters, or two thirds, of the Hvalur beer produced by whaling company Hvalur ehf. and Steðji brewery has sold. The beer has caused controversy as it contains ground whale bones.
The television stars and hamburger restaurant owners Sigmar Vilhjálmsson and Jóhannes Ásbjörnsson will in the coming weeks launch two new television stations.