Glitnir boosts liquidity through European restructuring
Nordic bank Glitnir will release up to 1 billion Euros ($1.6 billion) in liquidity when it exits its commercial property financing business based in L...
Iceland tackles inflation with interest rate rise
The Central Bank of Iceland announced this morning that it would raise its policy interest rate by 0.5 percentage points to 15.5%. Previously Iceland ...
Icelandic men live the longest in the world
New data released by Statistics Iceland suggests that the life expectancy of Icelandic men may be the longest in the world. A spokesperson for Statist...
Icelandic billionaire rushed to Bulgarian hospital
Bjorgolfur Thor Bjorgolfsson, a well-known Icelandic businessman and Iceland’s first billionaire, was taken to hospital in Bulgaria last week complain...
Actavis buys Chinese API manufacturing firm
Actavis, a leading generic pharmaceuticals company, has acquired a 90% share in Zhejiang Chiral Medicine Chemicals Company in China for an undisclosed...
Wood tariffs cause friction between Finland and Russia
Dispute an ongoing dispute about export tariffs on timber, Prime Minister Matti Vanhanen of Finland has announced that he will be supporting Russia in...
Norwegian anti-terror legislation on trial
Three men stand accused before a Norwegian court for allegedly plotting terrorist attacks on American and Israeli embassies as well a shooting which o...
Styrkur Invest holds a 39.05% stake in FL Group
After Baugur Group’s changes today, Styrkur Invest now holds 39.05% of shares in FL Group. According to Styrkur Invest spokesman and its CEO, Ei...