Three board members of Glitnir Holdco ehf., along with a few Icelandic key employees of the company in Iceland, have already secured a total of ISK 875-1,525 million (USD 7.6 million, EUR 7 million) in bonuses.
An Indian investor plans to construct a water bottling plant in the remote area of Borgarfjörður eystri, Northeast Iceland.
A thermal beach and geo spa is set to open by Urriðavatn lake near Egilsstaðir in East Iceland in 2019. Warm water from geothermal boreholes in the vicinity will be used to create bathing facilities by the lake. The project will be launched with the signing of a collaboration agreement today....
The Icelandic state announced on Monday its intention to acquire the private land Fell in Suðursveit, to which part of the famous glacial lagoon Jökulsárlón in Southeast Iceland belongs. However, the acquisition may be up in the air because it appears that the deadline for the state to use its...
Liv Bergþórsdóttir, CEO of Nova, was chosen Businessperson of the Year 2016 by the business magazine Frjáls Verslun.
Icelandic gaming company Plain Vanilla, which shut down its operations in August, has sold its hit game QuizUp to US gaming company Glu Mobile for ISK 7.5 million (ISK 850 million, EUR 7.2 million). The game will henceforth be operated from San Francisco.
At this time of year, most Icelanders are busy enjoying the holidays with their friends and families, inviting each other to dinner and snuggling up with a blanket on the couch, watching a Christmas classic. Meanwhile, tourists wander the empty streets looking for things to do.
A special ISK 100 million (UDS 874,000, EUR 840,000) marketing effort is planned to bring 800-1,000 tons of Icelandic lamb to market abroad.
The Icelandic Food and Veterinary Authority (MAST) has prohibited the egg producer Brúnegg from bringing new hens into their farm in Mosfellsbær, near Reykjavík.
Representatives of Icelandic authorities, SA – Business Iceland and Promote Iceland met with their counterparts from Iceland Foods in Iceland Friday to discuss the registration of the trademark Iceland in the European Union.
Two men were arrested in Siglufjörður, North Iceland, yesterday, suspected of embezzlement at AFL savings bank.
The Reykjavík Public Health Authority has temporarily halted the operations of the recycling company Hringrás in Reykjavík, after a fire erupted there on Tuesday night.
The board of directors of Landsbankinn bank and CEO Steinþór Pálsson have reached an agreement that he leave his post at the bank.
The Kastljós news analysis program which aired Monday night and revealed deplorable conditions at egg farms owned Brúnegg, has sparked discussion in Iceland about whether consumers can trust marketing labels.
Last night, the news analysis program Kastljós revealed deplorable conditions at an egg farm, which for years has been marketed as taking exceptionally good care of its hens and being environmentally friendly.
The Icelandic Ministry for Foreign Affairs has launched legal action against the British supermarket chain Iceland Foods.
Representatives of fish processing companies in the northern part of the West Fjords are worried about the strong value of the Icelandic króna, which has caused them a considerable loss of income.
A competition appeal committee has ruled to revoke the decision of the Icelandic Competition Authority to fine MS Iceland Dairies for violating anti-trust law.
The Reykjavík District Court ruled Friday that the Icelandic State must pay damages to a company that was prevented from importing fresh beef tenderloins to Iceland.
The Monetary Policy Committee of the Central Bank of Iceland has decided to keep the bank’s interest rates unchanged.