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Reykjanes geothermal power plant.

Iceland to Set Up Rainy Day Fund

Iceland’s Minister of Finance has decided the State will not sell the Landsvirkjun national energy company, as his predecessor had arranged. Instead, future dividends from shares in the national power company will be put into an emergency back-up fund, which will be set up to help Iceland get...

gavel as used in courts

Casino Owners to Jail

This morning, the Reykjavík District Court sentenced two men and one woman to jail for running the casino Poker and Play in Skeifan, Reykjavík, between 2000 and 2012.

Money - Icelandic Króna

Bankers Enjoy Big Pay Rise

Tax figures for 2014 extrapolated by the business magazine Frjáls Verslun, owned by Iceland Review publisher Heimur hf, show that the average salary of the CEOs of Iceland’s 200 biggest companies is around ISK 2.6 million (EUR 17,580/USD 19,195) per month.

Money - Icelandic Króna

Free Tax Return Advice Today

Master’s students from the University of Iceland legal department, in co-operation with the accounting and auditing company Deloitte, are offering the public free tax consultations today.