WOW Air has purchased four new Airbus A321 aircraft, which will be ready for delivery next year and in 2018.
After it came to light that Iceland Dairies (Mjólkursamsalan) had been fined ISK 480 million (USD 3.9 million, EUR 3.5 million) on Friday for a serious violation of anti-trust law, and its CEO had announced that prices would have to be increased to cover the cost of the fine, consumers have...
Hard as it may be to swallow, the Viking chant made famous by Icelandic football fans at the EURO 2016 in France has made it into a Coca-Cola commercial.
Following the UK’s decision to leave the European Union, the value of the British pound has plummeted, resulting in lower prices of British clothes sold in Iceland.
The Icelandic Football Association received EUR 6 million (ISK 821 million, USD 6.6 million) for its performance at the EURO 2016.
Heimir Hallgrímsson, one of the coaches of the Icelandic men’s national football team, now has a beer named after him.
More tourists from the US than any other nation visited Iceland in May. US tourists are popular among Icelanders, particularly Icelandic sales people.
Among the ten teams that were selected from the 250 applicants to startup accelerator Startup Reykjavík last week is Moon Chocolate, high quality design chocolate bars, created by a group of friends who graduated from junior college Verzlunarskóli Íslands in May.
An article in Stundin today reveals the connections of father and son Björgólfur Guðmundsson and Björgólfur Thor Björgólfsson to offshore companies.
In a new economic forecast presented today, Íslandsbanki bank predicts a GDP growth of 5.4 percent in Iceland this year, the highest one in a decade.
In all likelihood, the foreign currency reserves of the Central Bank of Iceland will be large enough this fall for the lifting of capital controls for the Icelandic public and Icelandic companies to begin.
As part of the government’s plan to lift capital controls in Iceland, the country’s Central Bank will hold a foreign currency auction on June 16.
One of Iceland’s biggest domestic food producers, Ora, has announced it is recalling a batch of its tinned fish balls in curry sauce, as they are not fit for consumption.
Three family members of former Reykjavík city councilor Júlíus Vífill Ingvarsson say that the day after the Panama Papers leak broke in the press, he confessed to the family that his parents’ funds were being stored in his own offshore company.
Preparations are underway for the establishment of a new community bank, Heimilisbankinn (‘The Home Bank’).
Stock prices at NASDAQ OMX Iceland, the Iceland stock exchange, went down considerably today, for the second trading day in a row.
Kristján Örn Sigurðsson has resigned from his job as CEO of the United Pension Fund in Iceland, following his implication in the Panama Papers scandal.
Icelandic media are abuzz today about “the fake foreign man” who was among the biggest debtors of the failed old Icelandic banks before the 2008 crash. The name does not refer to a specific individual; it is actually a collective term for a number of unknown overseas legal entities.
Yesterday’s new revelations on the financial dealings of influential people in Icelandic politics and pension funds are a direct illustration of worrying trading practices covered in the famous 2010 Alþingi research report into the financial crash, according to Associate Professor of Political...
Central Bank of Iceland Director Már Guðmundsson states now is the best time to lift capital controls.
With nearly a decade having passed since the American military left Iceland, there are some 115 companies based on the old base, with 800 staff. Over the next three years, it is hoped that the number of people working in the old high security zone will top 1,200.
Business power couple Ingibjörg Pálmadóttir and her husband Jón Ásgeir Jóhannesson have, for several years, been financing their investments in Iceland and elsewhere in Europe using money from a company registered in Panama.