Iceland puts up interest rate to 18%
The Central Bank of Iceland has announced that the key interest rate will increase by 6% to 18%. The bank recently lowered the rate by 3.5% from 15.5%...
Business
Information and news on Business and Finance related issues
Economic crisis bogies Sweden’s golf courses
In difficult economic times, luxury items are usually the first things to go. Golf clubs across Sweden are feeling the pinch as duffers keep their iro...
Actavis pharmaceuticals unaffected by Iceland crisis
Pharmaceutical giant Actavis has released a statement saying it’s business as normal for the global generic drugs company. Actavis has said that its o...
Norway’s famed Hurtigruten shipping line in distress
More bad news came this week as crew members of the MS Vesteralen were informed that their ship would be removed from service when it returns to port ...
IMF: fiscal stability imperative for Iceland
The press conference held by the IMF delegation in Iceland this afternoon stressed the point that presently data is being gathered to evaluate the sit...
Breaking News: IMF discusses help to Iceland
Bjorgvin G. Sigurdsson, the Minister of Trade, Thorgerdur Katrin Gunnarsdottir, the Minister of Education, Science and Culture, Arni Mathiesen, the Fi...
Iceland best place for press freedom
The international journalists’ body, Reporters Sans Frontieres has published its annual report on global press freedom, The Guardian reports. Iceland,...
Used cars from Iceland go on sale
A new website has opened today to allow the export of high quality used cars from Iceland. Following various stories (including on IceNews) on the pos...