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Economy

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Iceland looks to prevent mortgage bubble burst

The Icelandic government is looking to ensure that its housing market does not become the country’s next financial liability after the 2008 banking co...

FinanceNovember 7, 2012
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Watchdog: ‘Icelandic banks dealing with uncertainty, risk’

Iceland’s financial whistleblowing agency has said that state-backed Icelandic banks are operating under uncertainty and a number of risks.

FinanceNovember 6, 2012
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Local council in England recoups more losses from Iceland banking collapse

The local council in Wiltshire, England, has been compensated for almost half of its losses suffered in the 2008 banking crash in Iceland.

BusinessOctober 20, 2012
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British investigators abandon inquiry into Iceland’s Kaupthing bank

Fraud investigators in the UK have dropped a probe into the collapse of Reykjavik-based Kaupthing bank due to a lack of evidence.

BusinessOctober 17, 2012
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Valitor to expand its international issuing services with new hyperWALLET Systems partnership

Valitor, the Iceland-based acquiring services provider, has recently signed a new partnership with hyperWALLET Systems Inc. to expand its internationa...

BusinessOctober 15, 2012
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North Korean economists quietly visit Sweden

North Korean trade delegates have recently visited Sweden to study the Nordic country’s economy and government.

InternationalOctober 13, 2012
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Iceland central bank boss loses salary lawsuit

The governor of Iceland’s central bank (Sedlabanki) has lost a court battle over a 2009 salary cut. The ruling came on Wednesday 3 October when a Reyk...

GeneralOctober 11, 2012
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Iceland readying for euro transition

Icelandic officials are readying the country to phase out the krona once current capital controls are lifted, according to reports.

European UnionOctober 6, 2012
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Gangs in Sweden: Age of criminal responsibility possibly reduced from 15 to 13

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Norway and European Union review progress of Green Alliance at annual meeting

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New Gambling Act signed in Finland, ready for 2027

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Sweden and Norway decline Trump’s Board of Peace invitation

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Faroe Islands and Iceland begin fishing quota negotiations for 2027

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