Greenland to the aid of its North Atlantic neighbour
Inuit Brotherhood, the Greenlandic political party, is calling on parliament to follow in the steps of the other territories of the Danish kingdom and...
Business
Information and news on Business and Finance related issues
Status of domestic and international payment intermediation: Payments to Iceland
PRESS RELEASE FROM THE CENTRAL BANK OF ICELAND: The importance of smoothly functioning cross-border payment intermediation through Iceland’s com...
Foreign exchange market
PRESS RELEASE FROM THE CENTRAL BANK OF ICELAND: Because of the unusual circumstances that arose in the Icelandic banks’ operations in October, interba...
‘British offer to guarantee Icesave declined by Iceland Central Bank’
Bjorgolfur Thor Bjorgolfsson, a major shareholder of Landsbanki, said this week that deposits with the collapsed savings brand Icesave could have been...
Actavis steps into the South Korean generics market
The international generic pharmaceuticals company, Actavis has entered into an exclusive distribution agreement with J&M Pharma, a Korean owned an...
Norway refuses to cut oil output
Despite the dramatic decrease in the price of a barrel of oil from its peak near USD 150 a few months ago, Norway has emphatically stated it has no pl...
PM’s Office: The Faroe Islands Come to Iceland’s Aid
PRESS RELEASE FROM THE ICELANDIC PRIME MINISTER’S OFFICE: The Faroe Islands have offered Iceland a loan of DKK 300 million. The offer was put fo...
Norway’s largest bank raided for insider trading
A specialist team from Okokrim, the Norwegian white-collar crime unit, stormed into the headquarters of DnB NOR and arrested two employees on charges ...