Marel buys Stork Food Systems
Icelandic company Marel Food Systems recently doubled its size again with the purchase of Stork Food Systems for €415 million ($607 million, £300 mill...
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Information and news on Business and Finance related issues
FL Group signs property deal with Baugur
Icelandic investment company FL Group announced on Tuesday an agreement to buy the property holdings of Baugur Group in a deal worth ISK 53.8 billion ...
Tax cuts delayed in Iceland
Prime Minister Geir Haarde recently announced that in order to reduce the risk of fueling escalating inflation, the government will likely delay the i...
FL Group, Jon Sigurdsson appointed Chief Executive Officer
FL Group, the international investment company, announced today that Hannes Smarason has stepped down from his role as Chief Executive Officer and Jon...
Tough times for Icelandic Group Plc
The last financial statement issued by Icelandic Group Plc indicated that the company is still in choppy waters. The group, which owns Seachill and Co...
Icelanders snap up cheap US homes
This year has seen a large number of Icelanders buying holiday homes abroad. Icelandic investors are buying up property in international locations, wi...
Glitnir wins Bank of the Year 2007
The Banker magazine named Glitnir as Icelandic ‘Bank of the Year’ at its annual awards ceremony last week in London. Nordic bank Glitnir w...
India and Iceland conclude tax agreement
Representatives of the governments of India and Iceland signed a Double Taxation Avoidance Agreement last week, in a move designed to strengthen the t...