Camping at Landmannalaugar

Tourism in Iceland ‘Can’t Grow Infinitely’

Director of the Icelandic Tourist Board Ólöf Ýrr Atladóttir stated that while tourism is the biggest contributor to economic growth in Iceland at the moment, the tourist industry will not be able to cope with continued increase in number of tourists of the same magnitude.

gavel as used in courts

Tchenguiz Brothers’ SFO Kaupþing Case Closed

The case of U.K. property tycoon brothers Vincent and Robert Tchenguiz against the Serious Fraud Office for wrongful arrest because of its investigation into the brothers’ part in the collapse of Icelandic bank Kaupþing in 2008 ended yesterday when the SFO settled with Robert Tchenguiz.

Greenhouse, South Iceland

Regulations on Eco-Friendly Agriculture Reviewed

The Ministry of Fisheries and Agriculture will appoint a working group to revise regulations on eco-friendly agricultural production in Iceland after daily Fréttablaðið discovered that the industry was not being monitored.


Grímsstaðir Advertised for Sale in EEA

Jóhannes Haukur Hauksson, one of the owners of the land Grímsstaðir á Fjöllum in Northeast Iceland, said he and three other owners are planning to advertise their 72 percent share of the land for sale in the European Economic Area (EEA) in the coming days.