Former Kaupthing bosses charged with fraud
The former chief executive and chief financial officers of Kaupthing have been charged with fraud and breach of trust by Iceland’s special pros...
Business
Information and news on Business and Finance related issues
Icelandic government official hits back at US over whaling controversy
Icelandic Finance Minister Bjarni Benediktsson has hit back at the US’s criticism of his country’s whaling by claiming it had no right to comment when...
McDonald’s Denmark sees rise in profits
McDonald’s Denmark has revealed that profits in the Scandinavian country have risen, and that the group is now considering opening new outlets in a nu...
Reykjavik Geothermal Limited to commence Ethiopia drilling
Icelandic-US private developer Reykjavik Geothermal Limited (RG) and the African Union (AU) have signed a contract for drilling to commence at the Cor...
Iceland closer to sending green power to European homes
Iceland is getting ever closer to using its geothermal and hydropower reserves to power European homes via what stands to be the longest cable power i...
Finns’ alcohol importation on the rise
Finnish travellers returned to their homeland with more than 80 million litres of alcohol last year, according to recent figures from the National Ins...
Sweden: Cost of petrol to go up
The cost of petrol in Sweden is to increase this summer, with experts predicting that the trouble in Ukraine could impact the crude oil market and sen...
Ikea to turn first store into museum
Swedish furniture giant Ikea has revealed that it is to turn its first ever store, in southern Sweden, into a museum.