Foreign exchange market
PRESS RELEASE FROM THE CENTRAL BANK OF ICELAND: Because of the unusual circumstances that arose in the Icelandic banks’ operations in October, interba...
Actavis steps into the South Korean generics market
The international generic pharmaceuticals company, Actavis has entered into an exclusive distribution agreement with J&M Pharma, a Korean owned an...
Car hire companies in Iceland reduce rates
Visitors rushing to Iceland to make the most of the low value of the krona can also take advantage of cheaper car hire. The cost of hiring a car in Ic...
PM’s Office: The Faroe Islands Come to Iceland’s Aid
PRESS RELEASE FROM THE ICELANDIC PRIME MINISTER’S OFFICE: The Faroe Islands have offered Iceland a loan of DKK 300 million. The offer was put fo...
Portraits of Icelandic terrorists exhibited
A photo exhibition “Icelandic Terrorists” was opened on Sunday 26th October in Smaralind, the biggest shopping centre in Iceland. The exhibition consi...
James Bond asks for reconciliation of UK and Iceland
In an interview with local paper Frettabladid, the actor Daniel Craig urged reconciliation “sátt”. “Our nations seem to fall apart w...
Iceland puts up interest rate to 18%
The Central Bank of Iceland has announced that the key interest rate will increase by 6% to 18%. The bank recently lowered the rate by 3.5% from 15.5%...
Iceland takes decisive action with the launch of an economic stabilisation plan in conjunction with the IMF
PRESS RELEASE FROM THE ICELANDIC PRIME MINISTER’S OFFICE: The Icelandic Government has reached an agreement ad referendum with a mission from th...