The Monetary Policy Committee of the Central Bank of Iceland has decided to keep the bank’s interest rates unchanged.
A new study shows that in order to construct each square meter of residential housing in Iceland, 35-60 percent more man-hours are needed than in Norway.
Come December, the planning skills of the resident of Bakkafjörður, Northeast Iceland, will be tested.
The Icelandic transportation company Eimskip has signed an agreement to acquire the Norwegian shipping and logistics company Nor Lines.
A construction company in Hafnarfjörður published the following message in Morgunblaðið’s classified ads section Saturday:
According to the Guardian, Iceland’s success at the EURO 2016 in France in July had a wide-ranging effect.
Yesterday afternoon The Supreme Court of Iceland affirmed the guilty verdicts handed down by the Reykjavík District Court in June of last year over seven out of nine former Kaupþing bank directors.
Foreign companies can choose whether to pay income tax in Iceland, states tax expert and adjunct lecturer at the University of Iceland.
Iceland ranks 27th on a list of countries in the 2016-2017 Global Competitiveness Report, published by the World Economic Forum.
The fishing company Eskja is constructing a 7,000 m2 (75,333 ft2) pelagic freezing plant in Eskifjörður, the East Fjords, to be taken into use in November.
A lawsuit could be filed to demand that the British supermarket chain Iceland relinquish its use of the brand name Iceland within the European Union.
There are signs that numerous construction workers, who left Iceland for Norway in the wake of the banking collapse in 2008, are returning.
Hearings began in the Icelandic Supreme Court in the Kaupþing bank market manipulation case at 8 am today.
Frozen whale meat products of Hvalur hf were estimated at ISK 3.6 billion (USD 31 million, EUR 27.8 million) in the last financial year.
Moody’s Investor Service raised the credit rating for the Icelandic state treasury by two points, from Baa2 to A3 yesterday, with stable outlook. Iceland’s credit rating has not been higher since in late 2008.
Fjarskipti hf., the parent company of Vodafone in Iceland, and media and telecommunications company 365 miðlar hf. signed an agreement on Tuesday on private talks on Vodafone’s acquisition of the broadcasting and telecommunications services of 365 for ISK 8 billion (USD 69 million, EUR 62...
Icelandic gaming company CCP announced yesterday its plans to enable users to play the massively multiplayer online role-playing game EVE Online for free as of November. After its release 13 years ago, the game, which is set in space, became a global hit and currently has over 500,000...
The general assembly of holding company Kaupþing, previously the defunct Icelandic bank, approved a proposal last night on paying bonuses of up to ISK 1.5 billion (USD 13 million, EUR 12 million) combined to key employees. Some of these employees will receive bonuses of around ISK 100 million (...
The North Aurora Exclusive Baths, in Laugar in the rural Reykjadalur valley in Northeast Iceland, will open September 1. The local swimming pool and two hot tubs will be open from 10 pm to 1 am, where visitors can float while watching the starry skies and/or northern lights.
All 36 employees of Plain Vanilla in Iceland have been laid off, as confirmed by the gaming company’s CEO Þorsteinn B. Friðriksson. Plain Vanilla will be closed, although bankruptcy will be tried to be avoided, mainly to guarantee that all employees will have their term of notice paid in full....