Iceland bank to hold forex auction
Iceland’s central bank has announced that it will hold auctions in February where it will offer to purchase euros in exchange for treasury bonds or Ic...
Seðlabanki keeps rates unchanged
Iceland’s central bank has kept its key interest rate at six per cent for the ninth rate-setting session in a row, citing low inflation and solid econ...
Icelandic companies launch ‘Green Marine Technology’
Ten Icelandic ocean technology companies have launched Green Marine Technology – a marketing initiative focusing on eco-friendly solutions for fish pr...
Icelandic bank executives sentenced to jail
Four former big names of Icelandic failed bank Kaupthing have been sentenced to prison by a court in Reykjavík yesterday for their involvement in mark...
Growth in exports contributing to Iceland economic recovery
Iceland’s economy rebounded in the third quarter of 2013, revealed figures from the country’s statistics agency. The North Atlantic nation’s gross dom...
Iceland PM tells failed banks to pay up
Following his controversial announcement on November 30th to wipe 150 billion króna off household mortgage debt, the Icelandic prime minister now inte...
IMF frowns at Iceland debt write-off plan
A plan to ease mortgage debts of every household in Iceland through a write-off has been criticised by the International Monetary Fund (IMF). An annou...
Inflation up in Iceland this month
Statistics released this week have shown a 3.7 per cent increase in consumer price inflation year-on-year. This reverses a downward trend the previous...