Denmark’s government creates bailout fund
In these times of economic uncertainty, Denmark has taken the pre-emptive step of creating a 35 billion kroner fund in conjunction with the country’s ...
Business
Information and news on Business and Finance related issues
The Icelandic financial supervisory authority takes over Glitnir Bank
Based on new legislation, the Icelandic financial supervisory authority (IFSA) has proceeded to take control of Glitnir Bank. The bank is now under th...
Icelandic government officials and stakeholders meet
According to Icenews sources, a major announcement can be expected early Monday and MBL.is just reported that Icelandic government officials, represen...
Savers in the UK should not be nervous, Icelandic banks are solid
In and Interview with the BBC on Saturday, Tryggvi Herbertsson, economic adviser to the Icelandic Prime Minister said the government could and would s...
Kaupthing to buy Landsbanki
Local media DV.is reported today that, according to their sources, Kaupthing bank would buy Landsbanki with the back-up of the Icelandic government. A...
Volvo puts first hybrid bus on the streets
Volvo, the Swedish auto-making legend, has released the world’s first commercial hybrid bus. The Volvo 7700 has both a traditional diesel engine and a...
Central Bank of Iceland issues more certificates of deposits
The Central Bank of Iceland decided to offer certificates of deposits. They will be available on tap as of October 3, 2008. The Central Bank will cont...
Finland plans nationwide broadband connection by 2015
The government of Finland has announced its plan to connect every Finish home with fast broadband Internet by the end of 2015. Its goal is to increase...