Free trade agreement with Faroe Islands on dairy products
Progress is being made on the implementation of a free trade agreement signed in November last year between Iceland and the Faroe Islands regarding th...
Business
Information and news on Business and Finance related issues
Glitnir bank enters first real estate venture in China
Nordic bank Glitnir signed a joint venture with Sinopec‘s CGCOC (CGC Overseas Construction Co. Ltd) in June to develop a residential area in Shenyang ...
New Iceland Express terminal seems unlikely
The assistant to the major of Reykjavik, Jón Kristinn Snaehólm, made a statement recently indicating that the city would reject an application submitt...
Icelandair introduces new pricing system
Icelandair has recently introduced a new simpler system of pricing flights. The new fare structure allows passengers to book one way flights as well a...
Glitnir sponsors 2007 Oslo Marathon
Nordic financial group Glitnir will be the main sponsor of the annual Glitnir Oslo Marathon taking place September 30th 2007. The sponsorship comes on...
Ambitious Loewy growth plan financed by VSS
Marketing and branding group Loewy has won investment from top marketing sector investor Veronis Suhler Stevenson (VSS), to finance its ongoing corpor...
Burst pipe kills river eels
Hot water from a pipe owned by the Reykjavik Energy Company (OR) escaped and flooded a 500 meter section of the Fossvogslaekur stream. Approximately 4...
Icelandic company big in the frozen food market
Icelandic company, Eimskip Holdings Inc, has become one of the major players in the frozen food industry, an industry that was recently cited as being...