The London School of Economics professor Robert Wade believes Iceland has an important part to play in the future of trans-Arctic shipping. Read the full story

In a recent article published on the Financial Times website, journalist Sophy Roberts shares her experiences of ‘Off the Tourist Trail in Iceland’, which involves her search for the notorious Northern Lights. This is good, positive exposure for Iceland, Iceland tourism and in particularly Hotel Ranga, located in the South East of Iceland.

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The British have started to feel ashamed of themselves for the fact that their government is pushing Iceland to take on an unbearable debt burden for Icesave – so says the Associate Editor and Chief Economics Commentator of British newspaper The Financial Times. Read the full story

British newspaper The Financial Times is running an article about Olafur Thor Hauksson, Iceland’s Special Prosecutor investigating the banking crisis. In the article Eva Joly, the famous fraud investigator and Hauksson’s key international adviser, complimented him as “very hard working and very honest”. Read the full story

STATEMENTFROM THE PRESIDENT OF ICELAND:
Following a misleading report of an interview with the President of Iceland Olafur Ragnar Grimsson in the Financial Times Deutschland the President wants to emphasise that in his discussion with the reporter, he pointed out that there was a clear and strong will to honour the commitments of Read the full story

Nordic bank Glitnir won second prize for ‘Sustainable Deal of the Year‘ at the Financial Times Sustainable Banking awards in London last week.

Glitnir was presented with the award by the CEO of FT, John Ridding, for a deal brokered with US geothermal energy company Hudson Ranch. In it the Nordic bank provided a $15 million loan to develop a new geothermal generating facility in the Salton Sea geothermal field in California.

“The US Geothermal market is very interesting for us as we foresee considerable developments in the energy market especially regarding alternative energy resources,“ said Alexander Richter, Director of Global Industry Research and Communication at Glitnir.

Mr Richter said that Glitnir Bank was among the first financial institution to offer this sort of financial product in the US after last year providing Nevada Geothermal with a similar loan.

“We have a very strong position in the US geothermal market and we intend to strengthen it even further”, said Mr. Richter.

Also speaking at the FT event were the Mayor of London, Boris Johnson and Barclays Chairman, Marcus Agius. Morgan Stanley and BlueOrchard Finance jointly won the Sustainable Deal category.

Visit Glitnir’s website for more information on Glitnir and geothermal energy.