Excess butter and milk from MS Iceland Dairies was sold to foreign buyers at only a fraction of the prices found in Icelandic stores.
The Housing Financing Fund (HFF) released a monthly report today stating 72 percent of apartments in the Reykjavík capital area sold for less than the asking price.
Statistics Iceland has published its latest issue of Statistical Series, which presents the economic forecast for 2017-2023.
Icelandic video game developer CCP Games will be putting virtual reality game development on hold for the next 2-3 years, as well as shutting down its Atlanta office and selling the Newcastle office.
A new report from Statistics Iceland calculated the unadjusted gender pay gap (GPG) at 16.1 percent for the year 2016.
Owner of The Icelandic Milk and Skyr Corporation Siggi Hilmarsson is working with investment bank JPMorgan on a possible sale of the company.
Icelandic camper van rental Kúkú Campers’ concept of rolling transportation and accommodation into one is taking on in their new US location.
A new report estimates that ISK 372 billion (USD 3.5 billion/EUR 3 billion) is needed to repair infrastructure in Iceland.
Those with the highest wages in Iceland between 2014 and 2016 also experienced the highest wage increase.
Steve Pappas, vice president of Costco in Europe, says that Costco loves Iceland but he is disappointed with Weetabix sales
Consumption of lamb in Iceland in August totalled 723 tonnes, 48 percent higher than in August of last year.
Over 24,000 foreigners were in the Icelandic labour market in June and their numbers have increased by 17 percent over the last 12 months.
Costco representatives visited Iceland a few weeks ago to familiarize themselves with the Icelandic phenomenon known as “the Christmas book flood” (jólabókaflóðið).
Icelandic companies will not be able to compete with those in neighboring countries if wages continue to increase.
The number of sheep in Iceland may be reduced by 20 percent in order to decrease the production of lamb.
Icelandair had a 40% increase in cargo flights this July compared to the same month last year. The increase can partly be traced to Iceland's demand for imported Costco products.
Thirteen hundred tons of lamb meat will remain unsold this fall when the slaughtering season begins.
Perlan will begin charging visitors to go out on its observation deck starting on September 1 of this year.
Tourism companies Iceland Travel, which is owned by Icelandair, and Gray Line Iceland have agreed to merge.
This June, the nominal wage index rose 1 percent from the previous month and 7.3 percent compared with the same time the previous year.
The Directorate of Internal Revenue has demanded almost half a billion krónur [USD 4.9 million, EUR 4.2 million] in outstanding taxes from 16 individuals, based on information in the Panama Papers.