Glitnir closes covered bond in Norway
Glitnir Bank in Norway recently announced it had successfully closed a covered bond issue of NOK 7 billion (approximately EUR 900 million). The Icelan...
International
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Finnair’s labour dispute causes cancellations
Last Saturday the Finnish Airline Pilots’ Association instituted a ban on overtime hours for pilots, according to reports in the Finnish news agency, ...
Airports face closures if union talks break down
Airports are scrambling to conclude wage settlement talks with the umbrella union LO Stat before 16th May. If the two parties do not come to an agreem...
Norway donates more to Cyclone Nargis relief
Last week, the Department of Foreign Affairs announced that the government of Norway would increase the amount of emergency aid it would send to Burma...
Icelandair names new CEO
Birkir Holm Gudnason has been named the new CEO of Icelandair. He has worked for the company for many years and was previously the Nordic countries de...
Glitnir strong on seafood
A new report from Glitnir indicates that despite cooling economic conditions, Iceland’s seafood industry has a strong outlook for the future, accordin...
SAS pilots flying high
Although Scandinavian Airlines (SAS) is experiencing economic troubles, like many other airlines, the company has affirmed that the employment of its ...
Iceland builds government buildings in Uganda
The district administration block in Kalangala islands in Uganda will benefit from a sh 1 billion (USD 600,000) investment from the Icelandic Internat...