Landsbanki loaned the limited company IG ehf. ISK 26 billion in the form of a so-called bullet loan shortly after Iceland’s banking crisis began in autumn 2008. The loan was used to purchase shares in Icelandic Group and secured on the shares themselves, as reported on the Kastljos current affairs television programme. Read the full story

Representatives of a large investment group wishing to buy Iceland’s Hagar retail business say they have been locked out, claiming to be disappointed on behalf of the man on the street. Read the full story

A group of people who purchased shares in Glitnir Bank after the state took possession of a 75 percent stake on the 29th September last year, is planning to sue the Icelandic government for the refund of its members’ money. Read the full story

The recent spate of retail news in Iceland continues with Time Magazine’s look at Icelandic fashion designers and the proposed takeover of some of the country’s biggest retailers by the man on the street. Read the full story

Kuupik Kleist, the Prime Minister of Greenland, has supported a move to increase rental prices by up to 50 percent on some government owned properties. Read the full story

The Norwegian investor Endre Rosjo and Iceland’s MP Bank have reached a deal under which Rosjo will take a significant share in the bank at the upcoming shareholders’ meeting next month and will take an active role in the future development of the bank. Read the full story

The countries of the Nordic group are set to invest over EUR 14 million for climate projects in developing countries. The investment, which is part of a pool of over EUR 1 billion in total, will be managed via the Nordic Development Fund (NDF). Read the full story

A group of Norwegian investors, led by Endre Rosjo, want to put ISK 20 billion in long-term investments into the Icelandic economy. Read the full story

The Canadian energy company Magma Energy is said to be near completing a deal that would land it half ownership of Iceland’s HS Orka. If the deal goes ahead, it would be the first time a foreign company has owned such a large share of any Icelandic energy company. The Left Green Party representative on the board of state-owned Reykjavik Energy does not want the company to sell Magma the share – describing the move as a momentous step towards the privatisation of the energy sector. Read the full story

Ninety percent of foreign investment companies which have formerly invested in Iceland say it is unlikely they would invest in Iceland again in the short to medium term, according to a new survey. Read the full story