United Silicon has requested to begin bankruptcy proceedings through the District Court of Reykjanes.
Bus fares between Reykjavík and the Keflavík airport could increase by as much as 25% in the coming months.
The time of sharp real estate market growth in Reykjavík is over, according to a report released yesterday by Landsbankinn bank.
Icelandair will begin flying to San Francisco this spring, bring the total number of North American destinations served by the airline to 23.
Real estate prices in the Reykjavík capital area fell around 0.7 percent between months at the end of last year.
French dairy giant Lactalis has bought The Icelandic Milk and Skyr Corporation, producer of Siggi’s Skyr.
The Icelandic Food and Veterinary Authority (MAST) has authorized a large-scale increase in fish farming in the West Fjords.
Preliminary figures for 2016 indicate Iceland’s GDP per capita was 28 percent above the EU28 average.
Icelandic banks have reduced staff by nearly 1,500 and closed more than 60 branches over the last ten years.
Only 1% of Airbnb apartments are available in Reykjavík during the end of December, and very few hotel rooms are left.
Web hosting company 1984 Ltd. experienced a system breakdown yesterday, affecting thousands of individual Icelanders and many businesses who rely on their services.
Höskuldur H. Ólafsson, CEO of Arionbanki bank, stated it is not out of the question for United Silicon to declare bankruptcy at the beginning of next month.
Excess butter and milk from MS Iceland Dairies was sold to foreign buyers at only a fraction of the prices found in Icelandic stores.
The Housing Financing Fund (HFF) released a monthly report today stating 72 percent of apartments in the Reykjavík capital area sold for less than the asking price.
Statistics Iceland has published its latest issue of Statistical Series, which presents the economic forecast for 2017-2023.
Icelandic video game developer CCP Games will be putting virtual reality game development on hold for the next 2-3 years, as well as shutting down its Atlanta office and selling the Newcastle office.
A new report from Statistics Iceland calculated the unadjusted gender pay gap (GPG) at 16.1 percent for the year 2016.
Owner of The Icelandic Milk and Skyr Corporation Siggi Hilmarsson is working with investment bank JPMorgan on a possible sale of the company.