Volvo to lay off 3,000 staff in Sweden
On the back of a previous announcement to lay off 2,900 staff earlier this year, Volvo has revealed it plans to make an additional 3,000 employees red...
Business
Information and news on Business and Finance related issues
Temporary foreign exchange arrangements
PRESS RELEASE FROM THE CENTRAL BANK OF ICELAND The Central Bank of Iceland has come to an agreement with market makers in the foreign exchange market,...
3.5% policy rate reduction announced by Central Bank of Iceland
PRESS RELEASE FROM THE CENTRAL BANK OF ICELAND: The Central Bank of Iceland today announced a decision to reduce the policy rate by 3.5%. The Icelandi...
Icelandic delegation talks in Moscow
An Icelandic delegation held talks about the possible loan from Russia to Iceland in Moscow earlier today, according to Reuters. The talks are reporte...
British government offers loan to Landsbanki
Alistair Darling, the British finance minister announced that the Bank of England will give a loan of 100 million pounds to reimburse British deposito...
Carlsberg enters Russian beer market
The Danish beer giant Carlsberg has entered into a partnership with a new Russian brewery just opened in the town of Novosibirsk called Baltika. Jorge...
UK – Iceland, Joint Declaration
Delegations from Iceland and the United Kingdom have met in a friendly atmosphere in Reykjavik to discuss issues of mutual interest related to the cur...
Norwegian politician afraid of Russian influence in Iceland
Chairwoman of the Norwegian Progres Party, Siv Jensen has warned about possible Russian influence in Iceland if the loan to the country goes through. ...