Icelandic newspaper DV claims that some 10,000 subscribers have given up rival paper, Morgunbladid since former Prime Minister and central bank manager David Oddsson was appointed editor. Read the full article
Greenland and Canada have agreed to work together to co-manage their joint polar bear population. Read the full article
The bond which the investment fund Fyrirtaekjabref Landsbankans bought from Bjorgolfur Gudmundsson in 2005 for ISK 400 million was used to finance the setting up of a memorial fund for Gudmundsson’s daughter. Read the full article
The City of Helsinki Board has voted 8-6 in favour of introducing congestion charges for the Finnish capital. The decision was made after the proposal had earlier been rejected twice, with a heated – if short – debate preceding the announcement. Read the full article
Reykjavik Energy is in the midst of huge reorganisation and future planning. The projects underway are expensive and it is expected that ISK 17 billion (USD 135.5 million) will be needed in financing this year. Read the full article
Twelve charges of fraud, in addition to sex offences, have led to the indictment of a would-be western Swedish practitioner. Read the full article
The Monetary Policy Committee (MPC) has voted to lower the deposit rate (current account rate) by 0.5 percentage points to 9%. The maximum volume at weekly auctions of 28-day certificates of deposit (CDs) will be increased from 25 b.kr. to 30 b.kr., with a minimum bid rate of 9.5% and a maximum of 10.25%. This implies a 0.25 percentage point increase in the maximum interest rate. The seven-day collateral lending rate will be lowered from 12% to 11% and the overnight lending rate from 14.5% to 13%.
(Press release)
Building work on Reykjavik’s new Landspitali Hospital will likely start in the latter half of 2011 and continue until 2016, according to a statement of intent signed yesterday by representatives of the pension funds and the Icelandic government. Read the full article
The state-owned power company Vattenfall has unveiled plans that may lead to at least one new Swedish nuclear power station, according to a press statement by the firm. Read the full article
Denmark yesterday repatriated 12 failed asylum seekers to Iraq as the latest part of the controversial forceful repatriation agreement Denmark signed with the Iraqi government. Read the full article
