New Glitnir directors in Chile and Peru strengthen seafood team
Glitnir has appointed two new business directors for Chile and Peru, as part of a move to strengthen its global expertise within the seafood industry....
Business
Information and news on Business and Finance related issues
Norway to remove Murmansk wreck
Based on recent discoveries that the wrecked Russian cruiser Murmansk contains radioactive substances, the Norwegian government has decided to remove ...
Finland halts work on nuclear reactor over safety concerns
Finland’s fifth nuclear power plant, which is currently under construction, has been put on ice pending new studies on the safety of its building meth...
Norway completes controversial seismic survey near Lofoten Islands
Despite the outcry from local environmental groups, the Norwegian energy authority has wrapped up a full seismic survey of the Arctic waters around th...
CDS levels in Iceland continue to fall
CDS spreads on Icelandic banks improved significantly last week, according to research from Nordic bank Glitnir. Kaupthing’s CDS level fell by 3...
IKEA expands efforts to encourage green lifestyles
Greenbiz.com reports that over the next five years, IKEA will invest some USD 77 million in clean technology start-ups specialising in green tech prod...
Air carrier Norwegian asks employees to take wage cut
In its latest bid to cut costs, airline Norwegian has asked its employees to take a wage cut. Staff who accept the wage cut of between 5 and 10 per ce...
Sweden may allow competition for its alcohol monopoly
In a surprising, but widely welcomed move, the Swedish government says it may be ready to allow private shops to sell alcohol, the Financial Times rep...