Bjorgulfur Gudmundsson, the latest victim of the fallen banks in Iceland
The former majority owner of Landsbanki (parent to Icesave), West Ham and Samson holding has filed for bankruptcy. This is by far the biggest of its k...
Business
Information and news on Business and Finance related issues
Postponement of review of Economic programme in cooperation with IMF
Press release from the office of the Prime Minister of Iceland: In recent months, the Icelandic government has devoted concerted efforts to the first ...
Geothermal energy companies in Iceland and in Canada become partners
Magma Energy Corporation from Canada has announced that they will invest in the companies of Geysir Green Energy and HS Orka in Iceland, which are par...
New Government Agreement regarding Icelandic Banks
The government introduced an agreement with the bank’s resolution committee at a press conference today which was held in the National Theatre i...
Sweden’s Ericsson inks huge deal with US-based Sprint
Sweden’s massive communications company, Ericsson, has signed a deal with Sprint Nextel to take over the day-to-day management of the US telecom netwo...
Russia approves 64 billion ISK loan to Iceland
The Russian government has decided to approve a loan to the Icelandic government up to 64 billion Icelandic kronur (500 million USD). According to the...
Students happen across major archaeological find in Denmark
It was a very exciting day when archaeology students from the University of Aarhus unexpectedly uncovered a cache of bones from some 200 bodies dating...
The Icelandic government is not responsible for Icesave
In an interview this evening at the TV station “Skjar Einn”, former Prime Minister and chief of the Icelandic Central Bank David Oddsson stated that t...