International airfares from Iceland have increased by 17 percent from one year ago, according to the latest report on the Consumer Price Index (CPI) from Statistics Iceland.
Budget airlines Norwegian and Easy Jet are looking into the possibility of international flights to Akureyri, North Iceland. However, Greenland Express, which was considering offering flights between Akureyri and Denmark, has shelved its plans.
U.S. company Silicor Materials confirmed in a press release on Tuesday its plans to open its first large-scale solar silicon production facility at the port of Grundartangi in Hvalfjörður fjord, West Iceland, near the Century Aluminum smelter.
A record 51 foreign destinations were served by regular flights to and from Keflavík International Airport in June.
The Reykjavík City Council has decided to allow licensed street vendors to operate along Austurstræti street, located in the downtown area.
The Ministry of Fisheries and Agriculture will appoint a working group to revise regulations on eco-friendly agricultural production in Iceland after daily Fréttablaðið discovered that the industry was not being monitored.
Domestic airline Eagle Air (Flugfélagið Ernir) offers different prices for fares in the Icelandic and English versions of its website. The airline’s CEO maintains that the pricing is fair.
Jóhannes Haukur Hauksson, one of the owners of the land Grímsstaðir á Fjöllum in Northeast Iceland, said he and three other owners are planning to advertise their 72 percent share of the land for sale in the European Economic Area (EEA) in the coming days.
The British airline EasyJet will double its scheduled flights to Iceland in the upcoming season. This move will make them second only to Icelandair in flight frequency to Iceland, according to a press release.
To add to the variety of Icelandic berries, cherries are now being grown at greenhouse farm Engi in Laugarás, South Iceland, and this summer’s harvest is looking good.
The Icelandic company Even has purchased, and in the next few months intends to set up, 200 new express electric-car charging stations around the country.
Bjarni Benediktsson, Iceland’s finance minister, wants to make changes to the ownership of Landsbankinn by selling the government’s shares in order to ease the debt of the State Treasury.
The State Prosecutor has appealed the acquittal of investor Jón Ásgeir Jóhannesson and three high ranking employers of Glitnir Bank in the Aurum Holdings case to the Supreme Court of Iceland.
Costco, the North American member-exclusive warehouse club, has expressed interest in opening both a warehouse superstore and a gas station, or multi-energy station, in Iceland.
Hotel and restaurant prices in Iceland have in the past few years increased disproportionately to the prices of other services and products, according to a recent report from Eurostat.
Foreign tourists’ share of private consumption in Iceland has grown exponentially since 2008, and is still fast increasing.
The Icelandic company Icelandic Water Line plans to build a 105,000 ton ship with on-board facilities for water bottling, including a plastic factory.
Unemployment in Iceland has decreased by 0.9 percent in the last year to 4.5 percent, according to figures from the Icelandic Directorate of Labor.
Foreign Minister of Iceland Gunnar Bragi Sveinsson traveled to China last week, accompanied by a trade delegation representing Icelandic Business and Industry.
Head of the Confederation of Icelandic Industries, Guðrún Hafsteinsdóttir, said in an interview with visir.is yesterday that tourism should contribute more to the local economy.
Icelandic energy company Eykon Energy has decided to cancel its application for an oil exploration license for the Norwegian continental shelf.
The four former Glitnir Bank employees accused of breach of trust and market manipulation in connection with the bank’s ISK 3.8 billion loan to BK-44 in 2007 were yesterday sentenced to four and five years imprisonment.