Icelandic investors have withdrawn their plans to participate in the construction of a privately run hospital in Mosfellsbær, near Reykjavík.
Microbrewery Bruggsmiðjan in Árskógssandur, a village in North Iceland, is planning to open a beer spa in the region, with a view of Hrísey island, in February next year. Guests will be invited to bathe in a mixture of beer, water, hops and yeast.
The Icelandic pension funds hold at least 40 percent of shares on the local stock market worth approximately ISK 365 billion (USD 3.1 billion, EUR 2.8 billion). Their combined share has increased by nine percent in three years.
There has been a large increase in the number of complaints sent to the European Consumer Centre (ECC) in Iceland since the beginning of last year.
You may not be able to teach your dog to play the French horn, but to eat an Icelandic one… that’s another story.
According to the Telegraph, Donald Trump may be brought to court for signing off a deal with Icelandic company FL Group in 2007 in order to avoid US taxes.
When the Pokémon Go craze overtook Icelanders this summer, Fjörukráin restaurant in Hafnarfjörður, a town near Reykjavík, took advantage of the mobile game’s popularity by advertising itself as Pokémon friendly.
The municipal council of Mosfellsbær agreed this morning to grant the mayor permission to sign a contract with MCPB Ltd. which plans to construct a 30,000m 2 (323,000 ft 2) privately run hospital and hotel in the town.
Three 10-11 stores in downtown Reykjavík have been found to increase their prices by an average of 8 percent in the evening and on weekends.
A new sign showing a squatting figure and a dark piece of something dropping from its behind is selling well these days in Iceland.
WOW Air has purchased four new Airbus A321 aircraft, which will be ready for delivery next year and in 2018.
After it came to light that Iceland Dairies (Mjólkursamsalan) had been fined ISK 480 million (USD 3.9 million, EUR 3.5 million) on Friday for a serious violation of anti-trust law, and its CEO had announced that prices would have to be increased to cover the cost of the fine, consumers have...
Hard as it may be to swallow, the Viking chant made famous by Icelandic football fans at the EURO 2016 in France has made it into a Coca-Cola commercial.
Following the UK’s decision to leave the European Union, the value of the British pound has plummeted, resulting in lower prices of British clothes sold in Iceland.
The Icelandic Football Association received EUR 6 million (ISK 821 million, USD 6.6 million) for its performance at the EURO 2016.
Heimir Hallgrímsson, one of the coaches of the Icelandic men’s national football team, now has a beer named after him.
More tourists from the US than any other nation visited Iceland in May. US tourists are popular among Icelanders, particularly Icelandic sales people.
Among the ten teams that were selected from the 250 applicants to startup accelerator Startup Reykjavík last week is Moon Chocolate, high quality design chocolate bars, created by a group of friends who graduated from junior college Verzlunarskóli Íslands in May.
An article in Stundin today reveals the connections of father and son Björgólfur Guðmundsson and Björgólfur Thor Björgólfsson to offshore companies.
In a new economic forecast presented today, Íslandsbanki bank predicts a GDP growth of 5.4 percent in Iceland this year, the highest one in a decade.
In all likelihood, the foreign currency reserves of the Central Bank of Iceland will be large enough this fall for the lifting of capital controls for the Icelandic public and Icelandic companies to begin.
As part of the government’s plan to lift capital controls in Iceland, the country’s Central Bank will hold a foreign currency auction on June 16.