Icelandic Foreign Minister Gunnar Bragi Sveinsson is determined not to withdraw his support for Western sanctions against Russia, despite losses suffered by the fishing industry after Russia imposed an import ban on food from Iceland in August.
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.
Comprehensive cooperation between authorities, municipalities, and the travel industry has been announced in a new policy for the travel industry.
Prime Minister Sigmundur Davíð Gunnlaugsson promised a 40 percent reduction in the emission of greenhouse gases at the United Nations Sustainable Development Summit Saturday, but has since been harshly criticized by the Icelandic Environment Association for lack of honesty.
Minister of Industry Ragnheiður Elín Árnadóttir said no formal application for an aluminum smelter near Skagaströnd in Northwest Iceland has been submitted but that the project has been presented to her. It’s in the initial stages, she said, and the energy has yet to be found.
Icelandic company Klappir Development and China Nonferrous Metal Industry’s Foreign Engineering and Construction (NFC) signed a declaration of intent on the building of an aluminum smelter in a planned industrial area at Hafursstaðir in Skagabyggð, Northwest Iceland, in Reykjavík on Tuesday.
Municipalities in Northwest Iceland have signed a declaration of intent and a cooperation agreement with Klappir Development ehf. on the construction and operation of a 120,000 ton aluminum smelter they hope to build at Hafursstaðir in Skagabyggð.
A company called PCC BakkiSilicon hf. has decided to construct a silicone factory in the industrial zone Bakki, near Húsavík, Northeast Iceland.
The construction of a power plant in geothermal area Þeistareykir in Northeast Iceland will begin in the coming days; Landsvirkjun, the national power company, and contractor LNS Saga signed an agreement on the plant’s construction on Monday.
The first Senegal soles were slaughtered and packed at Stolt Sea Farm at Hafnir, a new fish farm in Southwest Iceland, on Wednesday. The first batch were 1,000 fish or about 500 kg (1,100 lb).
Startup company Codland in Grindavík, Southwest Iceland, has received ISK 75 million (USD 563,000, EUR 496,000) in funding from Nordic Innovation for developing products from fish skin. Once a three-year research project has been completed, the plan is to build a plant in Grindavík and process 3...