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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...

Eve Online

EVE Online to be Played for Free

Icelandic gaming company CCP announced yesterday its plans to enable users to play the massively multiplayer online role-playing game EVE Online for free as of November. After its release 13 years ago, the game, which is set in space, became a global hit and currently has over 500,000...

Money - Icelandic Króna

Kaupþing Confirms Controversial Bonuses

The general assembly of holding company Kaupþing, previously the defunct Icelandic bank, approved a proposal last night on paying bonuses of up to ISK 1.5 billion (USD 13 million, EUR 12 million) combined to key employees. Some of these employees will receive bonuses of around ISK 100 million (...

North Aurora Exclusive Baths.

Northern Lights Midnight Baths Open

The North Aurora Exclusive Baths, in Laugar in the rural Reykjadalur valley in Northeast Iceland, will open September 1. The local swimming pool and two hot tubs will be open from 10 pm to 1 am, where visitors can float while watching the starry skies and/or northern lights.

Plain Vanilla Closes Shop, Lays off Staff

All 36 employees of Plain Vanilla in Iceland have been laid off, as confirmed by the gaming company’s CEO Þorsteinn B. Friðriksson. Plain Vanilla will be closed, although bankruptcy will be tried to be avoided, mainly to guarantee that all employees will have their term of notice paid in full....

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