Questions and answers about foreign exchange matters
The Central Bank of Iceland has published questions and answers about the recent changes in the Foreign Exchange Act of 1992 and the Bank’s new ...
Business
Information and news on Business and Finance related issues
Kaupthing seeks recognition of moratorium in the U.S.
PRESS RELEASE FROM KAUPTHING BANK: Kaupthing Bank hf. (the “Bank”) has on 30 November 2008 filed a voluntary petition under Chapter 15 of ...
New foreign exchange regulation
PRESS RELEASE FROM THE CENTRAL BANK OF ICELAND: The Central Bank of Iceland guidelines from early October on temporary modifications in currency outfl...
Sterling Airways bailout falls through
The bankrupt budget carrier Sterling Airways, which is based in Copenhagen, has lost the confidence of the venture capital firm Axcel that was plannin...
Cod stocks at the centre of discussions between EU and Norway
The recovery of the dwindling cod stocks in the North Sea is a major conservation issue for many nations involved in the regional fishing trade. The E...
Iceland: Request for Stand-By Arrangement – IMF Staff Reports
PRESS RELEASE FROM THE CENTRAL BANK OF ICELAND: In the context of the Stand-By Arrangement, the following documents have been released and are include...
Kaupthing Bank hf. granted a moratorium
PRESS RELEASE FROM KAUPTHING BANK: On 24 November 2008 the District Court of Reykjavik granted Kaupthing Bank hf. (“Kaupthing”) a moratori...
Ryanair strikes back at stuffy Swedes
In an attempt to lighten the mood of stuffy “anti-fun” Swedish politicians, Ireland-based budget carrier Ryanair has responded to outrage over an alle...