Selling half of the Icelandic state’s share in the country’s banks in coming years could reduce the state’s debt to 10-15 percent of GDP by 2022.
The arrival of the US wholesale giant Costco in Iceland this spring will have a large impact on wholesalers and domestic producers.
This year, there are plans to form a development company, whose goal it is to plan a harbor for large ships in Finnafjörður, Northeast Iceland.
The number of hotel rooms in Reykjavík is expected to increase by 50 percent in the next two to four years.
If you’re one of those people living in the US who have a craving for SS hot dogs from Iceland, your craving may soon be satisfied.
Three board members of Glitnir Holdco ehf., along with a few Icelandic key employees of the company in Iceland, have already secured a total of ISK 875-1,525 million (USD 7.6 million, EUR 7 million) in bonuses.
An Indian investor plans to construct a water bottling plant in the remote area of Borgarfjörður eystri, Northeast Iceland.
A thermal beach and geo spa is set to open by Urriðavatn lake near Egilsstaðir in East Iceland in 2019. Warm water from geothermal boreholes in the vicinity will be used to create bathing facilities by the lake. The project will be launched with the signing of a collaboration agreement today....
The Icelandic state announced on Monday its intention to acquire the private land Fell in Suðursveit, to which part of the famous glacial lagoon Jökulsárlón in Southeast Iceland belongs. However, the acquisition may be up in the air because it appears that the deadline for the state to use its...
Liv Bergþórsdóttir, CEO of Nova, was chosen Businessperson of the Year 2016 by the business magazine Frjáls Verslun.
Icelandic gaming company Plain Vanilla, which shut down its operations in August, has sold its hit game QuizUp to US gaming company Glu Mobile for ISK 7.5 million (ISK 850 million, EUR 7.2 million). The game will henceforth be operated from San Francisco.
At this time of year, most Icelanders are busy enjoying the holidays with their friends and families, inviting each other to dinner and snuggling up with a blanket on the couch, watching a Christmas classic. Meanwhile, tourists wander the empty streets looking for things to do.
A special ISK 100 million (UDS 874,000, EUR 840,000) marketing effort is planned to bring 800-1,000 tons of Icelandic lamb to market abroad.
The Icelandic Food and Veterinary Authority (MAST) has prohibited the egg producer Brúnegg from bringing new hens into their farm in Mosfellsbær, near Reykjavík.
Representatives of Icelandic authorities, SA – Business Iceland and Promote Iceland met with their counterparts from Iceland Foods in Iceland Friday to discuss the registration of the trademark Iceland in the European Union.
Two men were arrested in Siglufjörður, North Iceland, yesterday, suspected of embezzlement at AFL savings bank.
The Reykjavík Public Health Authority has temporarily halted the operations of the recycling company Hringrás in Reykjavík, after a fire erupted there on Tuesday night.
The board of directors of Landsbankinn bank and CEO Steinþór Pálsson have reached an agreement that he leave his post at the bank.