An “obvious blunder” is what Prime Minister Sigmundur Davíð Gunnlaugsson last night called Landsbanki bank’s sale of its shares in the electronic payment service company Borgun in 2014.
Liquids were used in larger amounts by Icelanders last year than in previous years, one cold and alcoholic, the other hot and non-alcoholic
The Hungarian low-budget airline Wizz Air will be offering direct service between Keflavík and Budapest, starting March 27.
The editors of Condé Nast Traveller have listed Hótel Búðir, Snæfellsnes, West Iceland, among their favorite hotels in the world.
The Businessperson of the Year was honored at a reception, hosted by Frjáls verslun business magazine, published by Iceland Review publisher Heimur hf, at Radisson BLU Saga Hotel in Reykjavík yesterday.
This year, you have a choice of 34 types of Christmas beer in Icelandic liquor stores. This is the largest selection ever offered, but sales have decreased slightly from last year, or 1.6 percent.
Birgit Kositzke is a woman who definitely knows what she wants. In 2007 she moved from Germany to Iceland with the idea of carving out her fortune in agriculture. However, it was neither horses nor cows that caught her interest, but rabbits for their meat.
IKEA has announced plans to donate ISK 100,000 (USD 770, EUR 705) of store credit to all 55 Syrian refugees expected in Iceland in January.
The strike at Rio Tinto’s aluminum smelter in Straumsvík, which was meant to begin at midnight last night, has been canceled.
Beginning May 13, WOW Air will offer service between Keflavík and Bristol, England, three times a week, year-round.
Negotiations between Rio Tinto Alcan and the unions of workers at the aluminum smelter in Straumsvík, outside the town of Hafnarfjörður, which Rio Tinto operates, have been unsuccessful.
Icelandic travel planning and booking website TripCreator now offers users to plan trips to Ireland, as announced today. The company plans to add a third destination before the end of the year and other destinations across Europe and North America in 2016.
The operation of Alcoa in Iceland has been losing money from the start, RÚV reports. “Made-up loss” and “scandal” is the view of the former director of Internal Revenue.
The majority of Icelanders would like to do away with the Icelandic króna and adopt a new currency, regardless of whether Iceland joins the European Union.
Into the Glacier, the ice cave in Langjökull glacier, was awarded the Innovation Prize of the Icelandic Travel Industry Association Wednesday.
New Enterprise Associates og Novator have invested ISK 4 billion (USD 30.5 million, EUR 28 million) in the Icelandic interactive entertainment Company CCP.
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.