Despite a recent drop in the value of the Icelandic króna, it is likely to keep rising in the long term, according to Daníel Svavarsson, an economist at Landsbankinn bank.
A buttered roll with ham and cheese being sold for ISK 1,190 [USD 11, EUR 10] is an anomaly, according to Helga Árnadóttir, director of the Icelandic Travel Industry Association.
Since bakery Brauð&Co opened its doors in downtown Reykjavík a little over a year ago, it has had to increase its staff from an initial four to nearly 40 because of demand, and management has plans in the works to open new branch locations in the near future.
A ferry service between Reykjavík and the town of Akranes to the north of the capital recommenced yesterday evening after a 19-year break.
The recent opening of wholesale giant Costco’s first store in Iceland has not been missed by anyone.
The furnace at United Silicon’s plant in Helguvík, Southwest Iceland was started up again Saturday night, following the repair of a raw material conveyor belt.
The number of construction cranes across Iceland is approaching the number counted in 2007, just prior to the banking collapse.
The strong value of the Icelandic króna has begun to threaten Icelandic companies, and as a result, jobs, Iceland’s Minister of Finance Benedikt Jóhannesson told RÚV earlier this week.
Crowds attended the official opening of US wholesaler Costco this morning in Garðabær, near Reykjavík.
The residents’ association Opponents Against Heavy Industry in Helguvík is opposing the Environment Agency of Iceland’s decision to permit the reopening of United Silicon’s plant.
The Monetary Policy Committee (MPC) of the Central Bank of Iceland announced its decision today to lower the bank’s interest rates by 0.25 percentage points.
It has emerged that the tallest part of the embattled, currently closed, silicon factory at Helguvík was built without permission.
Hagar hf., the retail company behind Icelandic household names including supermarkets Bónus and Hagkaup, has signed a contract to buy the oil company Olís and property company DGV ehf.
The British television chef Jamie Oliver has decided to serve West Fjords salmon at the restaurant he plans to open in central Reykjavík.
High-tension equipment came loose and led to the start of last week’s fire at the United Silicon plant at Helguvík, on Reykjanes peninsula, southwest Iceland.
Björgólfur Thor Björgólfsson, posterchild for the pre-2008 Icelandic business ‘outvasion’ and former billionaire, has spent his 50th birthday reminiscing about the crazy times a decade ago, on his 40th.
The number of dairy farmers in Iceland has gone down by around 200 in the last 13 years—at the same time as milk production has hit an all-time high. 40 dairy farmers quit the trade last year alone.
Residents and local leaders in Norðurþing, northeast Iceland, are closely following what’s going on at the currently-shut-down United Silicon factory at Helguvík, southwest Iceland.
The Icelandic Seamen’s Association has stated its opposition to a parliamentary proposal to relax rules on so-called coastal fishing.