Bjarni Benediktsson and Sigmundur Davíð Gunnlaugsson

Homeowners Can Apply for Debt Cancelation in May

The government announced that it hopes that it will be able to open a web portal for applications for debt cancelation as of May 15. Finance Minister Bjarni Benediktsson announced the news on RÚV yesterday.

Money - Icelandic Króna

Auroracoin Airdrop in Iceland Tonight

Over 10 million auroracoins—Iceland’s new national e-currency—will be made available to citizens of Iceland in a so-called Airdrop at midnight tonight. Each citizen’s share of auroracoin is currently worth around USD 380.

Oscar Pistorius

Icelandic Prosthetics Company Drops Pistorius

Icelandic prosthetics company Össur has decided not to renew its advertising contract with 27-year-old South African sprinter Oscar Pistorius, who uses blades manufactured by the company, in light of the charges he faces for the murder of his girlfriend Reeva Steenkamp.

Saltkjöt og baunir

IKEA Raises Price of Salted Meat and Beans

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’).


Mutton and Milk Most Important in Iceland

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).


Two Thirds of ‘Whale Beer’ Sold

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.