Scandinavian airline Sterling goes belly up
The latest budget airline to call it quits is Copenhagen-based Sterling, which announced on 29 October that it was cancelling all flights immediately....
Business
Information and news on Business and Finance related issues
Copenhagen gets radical new mega-mall
Copenhagen is planning to set another Nordic record by hosting Scandinavia’s largest shopping centre – despite the fact that Field’s is already in Cop...
Marel did not get any Icesave money
Capital from Icesave Holland was not used to finance Marel’s Food System purchase of Stork Fund Systems. According to Hordur Arnarsson CEO of Ma...
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...
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...