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.
Foreign companies can choose whether to pay income tax in Iceland, states tax expert and adjunct lecturer at the University of Iceland.
Iceland ranks 27th on a list of countries in the 2016-2017 Global Competitiveness Report, published by the World Economic Forum.
The fishing company Eskja is constructing a 7,000 m2 (75,333 ft2) pelagic freezing plant in Eskifjörður, the East Fjords, to be taken into use in November.
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.
There are signs that numerous construction workers, who left Iceland for Norway in the wake of the banking collapse in 2008, are returning.
Hearings began in the Icelandic Supreme Court in the Kaupþing bank market manipulation case at 8 am today.
Frozen whale meat products of Hvalur hf were estimated at ISK 3.6 billion (USD 31 million, EUR 27.8 million) in the last financial year.
Moody’s Investor Service raised the credit rating for the Icelandic state treasury by two points, from Baa2 to A3 yesterday, with stable outlook. Iceland’s credit rating has not been higher since in late 2008.
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...
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...
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 (...
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.
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....
A group of about 20 employees of the holding company Kaupþing could be receiving bonuses totaling almost ISK 1.5 billion (USD 12.82 million, EUR 11.35 million) to be paid out at the end of April next year.
The frequency of illness among Icelandair crewmembers has increased so much that the company is taking action.
Customers at the Bónus grocery store on Laugavegur, downtown Reykjavík, were surprised on Saturday night not to find anyone at the registers, let alone in the aisles, ready to offer assistance.
Icelandic investors have withdrawn their plans to participate in the construction of a privately run hospital in Mosfellsbær, near Reykjavík.
Microbrewery Bruggsmiðjan in Árskógssandur, a village in North Iceland, is planning to open a beer spa in the region, with a view of Hrísey island, in February next year. Guests will be invited to bathe in a mixture of beer, water, hops and yeast.
The Icelandic pension funds hold at least 40 percent of shares on the local stock market worth approximately ISK 365 billion (USD 3.1 billion, EUR 2.8 billion). Their combined share has increased by nine percent in three years.
There has been a large increase in the number of complaints sent to the European Consumer Centre (ECC) in Iceland since the beginning of last year.
You may not be able to teach your dog to play the French horn, but to eat an Icelandic one… that’s another story.
According to the Telegraph, Donald Trump may be brought to court for signing off a deal with Icelandic company FL Group in 2007 in order to avoid US taxes.