Iceland sees huge increase in employment for 2023
June 2023 saw the highest amount of employed individuals in Iceland, reaching 225,700, an increase of 3.4% compared to that of 2022. There are around...
Business
Information and news on Business and Finance related issues
Sweden’s plan to build ten new nuclear reactors receives criticism from environmental experts
Sweden’s plan to build at least 10 nuclear reactors over the next two decades has caused criticism from environmental experts, stating it will come to...
Titania Trading Limited acquires a majority stake in Vélfag
Titania Trading Limited, a private company based in Hong Kong, has acquired an 81.8% stake in the Icelandic company Vélfag. Vélfag was founded in 1995...
Norway bans Meta’s behavioral advertising on Instagram and Facebook
Norway gas temporarily banned Meta from running behavioral advertising on Instagram and Facebook due to the lack of data consent from its users. Norwa...
Marel has successfully obtained additional financing and entered into a new term loan
Icelandic company Marel has secured an extension to its financing by a staggering EUR 700 million. The company has also successfully inked a new EUR 1...
Danish Healthcare Giant Coloplast Acquires Icelandic Medical Company Kerecis in Landmark Deal Worth 175 Billion Icelandic Krona
Danish healthcare giant Coloplast has acquired Icelandic Kerecis for approximately 175 billion Icelandic Krona. The deal, valued at around 1.3 billion...
Largest Business Deal in Icelandair’s History: Purchase of Airbus Passenger Aircraft
In a historic move, Icelandair announced its plans to replace its fleet of Boeing aircraft, which have been in service since 1990, with Airbus passeng...
TBWA\Norway has acquired Legendary Scandinavian Design Group as part of its expansion plans in the Norwegian Market
In a major move within the advertising industry, TBWA\Norway operations have announced their acquisition of Scandinavian Design Group (SDG), a pioneer...