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Economy

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European regulators: Iceland violated EU rules for Icesave clients

European regulatory officials have said that Iceland violated EU regulations amid its 2008 banking collapse. The European Free Trade Association’s Sur...

BusinessOctober 2, 2012
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Sweden takes top spot in Tim Berners-Lee web index

A new ‘state-of-the-web’ index by Sir Tim Berners-Lee has listed Sweden in first place, ahead of the United States. The new list from the World Wide W...

BusinessSeptember 17, 2012
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Valitor expands issuing and processing services for prepaid programs within European countries

Iceland-based multi-brand payment card acquirer Valitor has expanded its issuing and processing services for prepaid programs within European countrie...

BusinessSeptember 13, 2012
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Slowing Iceland inflation amid strong krona

The rise in value of Iceland’s currency has slowed the country’s annual inflation rate.

FinanceSeptember 10, 2012
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Iceland to add regulations before the removal of capital controls

Officials in Reykjavik are to introduce new rules for the movement of capital before lifting overall controls.

FinanceSeptember 3, 2012
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Iceland central bank halts interest rate hikes

The central bank of Iceland has ended a series of interest rate increases due to anticipated rises for the country’s currency.

FinanceAugust 29, 2012
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Iceland’s recovery continues, declared ‘impressive’

Experts continue to praise Iceland’s recovery success after the country’s bank bailouts of 2008.

FinanceAugust 22, 2012
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Iceland bank Kaupthing files lawsuits for rescinding effort

Icelandic banking firm Kaupthing has launched a series of lawsuits to rescind collapse-era funds.

FinanceAugust 7, 2012
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Gangs in Sweden: Age of criminal responsibility possibly reduced from 15 to 13

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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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