A German economist claims there is great uncertainty regarding the profitability of connecting Iceland’s energy grid to that of the UK by laying a submarine cable between the two countries.
In the beautiful village of Þingeyri, West Fjords, population 252, there is a long line every Tuesday between 3:00 pm and 4:00 pm.
Almost 80 companies have pledged to reduce their emission of greenhouse gasses and to minimize their negative impact on the environment by reducing waste.
The Monetary Policy Committee of the Central Bank of Iceland announced yesterday it would raise the bank’s interest rates by 0.25 percentage points.
The number of passengers going through Keflavík Airport is expected to increase by 25 percent next year, reaching more than six million.
Next spring, the Icelandic budget airline WOW Air will start offering direct flights from Iceland to San Francisco and Los Angeles year-round.
According to annual reports from the four biggest fast food chains in the country, Icelanders spent ISK 10.9 billion (USD 85 million, EUR 77 million) at those last year.
The economic measures introduced by the government Wednesday are the largest ever in Icelandic history, according to Finance Minister Bjarni Benediktsson.
The Central Bank of Iceland has recommended an exemption from the Foreign Exchange Act be given to the failed banks, Kaupthing hf., Glitnir hf., and LBI hf.
Giving Icelandair priority when it comes to allocating airport slots at Keflavík Airport hinders competition in the airline business in Iceland.
The Reykjavík Fire Department was called out to the Central Bank of Iceland shortly before midnight after water had begun leaking into the building’s hallways.
The Directorate of Tax Investigations in Iceland will begin investigating the tax returns of 30 individuals.
The creditors of Glitnir Bank have proposed to relinquish all of Glitnir’s holdings in Íslandsbanki LTD to the State as part of their stability contribution.
The Icelandic software company Meniga is one of 40 companies from 24 countries to win an award at the UN-based World Summit Award.
The Reykjavík District Court today sentenced three defendants in the Marple Case, but found one of them not guilty.
Yesterday, the Supreme Court of Iceland sentenced Sigurjón Þ. Árnason, former director of Landsbanki, to three and a half years in prison.
The travel agency Discover the World announced Wednesday that it would be offering direct flights between London Gatwick and Egilsstaðir, East Iceland, starting next year.
The British television station ITV has decided to purchase quiz shows based on the video game QuizUp, created by Icelandic company Plain Vanilla.
Estonian Air will launch scheduled flights between Akureyri, North Iceland, and Copenhagen, Denmark, next summer.
The 2015 commercial whaling season, which began last spring, has come to an end with the catch totaling 184 whales. Quotas were issued for two species of whale: fin whales, the meat of which is intended for export, and minke whales, which are consumed domestically.