Chinese investor Huang Nubo has applied for a concessionary exemption allowing him to rent land in north Iceland on a long-term basis in order to build a luxury resort there. He also wants to build a five-star hotel in Reykjavík. Read the full story
Posted on 26 January 2012.
Chinese investor Huang Nubo has applied for a concessionary exemption allowing him to rent land in north Iceland on a long-term basis in order to build a luxury resort there. He also wants to build a five-star hotel in Reykjavík. Read the full story
Posted in Business, China, Iceland, MBL, Politics, TravelComments (3)
Posted on 21 January 2012.
It has been reported that Chinese interests want to finance the building of a health village in Flúðir, south Iceland to the tune of billions of krónur. Read the full story
Posted in Business, China, Energy, Iceland, Leisure, MBL, Society, TravelComments (2)
Posted on 16 December 2011.
Foreign claimants on the estates of bankrupt Icelandic banks Kaupþing, Glitnir and Landsbanki will be paid recovered funds up to ISK 450 billion (EUR 2.82 billion) in Icelandic krónur in the next year or so, and they will not be able to convert into foreign currency. Read the full story
Posted in Business, Iceland, International, MBL, Politics, SocietyComments (2)
Posted on 04 December 2011.
The owner of the largest plot of land at Grímsstaðir á Fjöllum in northeast Iceland, says that it could very well be possible to rent the land to Chinese investor Huang Nubo to build a luxury resort. The Icelandic government denied Mr. Huang permission to buy the land — a move he criticised vocally as Western bias against China. Read the full story
Posted in Business, China, General, Iceland, MBL, Politics, TravelComments (1)
Posted on 26 November 2011.
Ögmundur Jónasson, Iceland’s Minister of the Interior, has rejected Chinese billionaire Huang Nubo’s application to buy 30,639 hectares in northeast Iceland for the construction of a luxury resort. Read the full story
Posted in Business, China, General, Iceland, MBL, Politics, SocietyComments (14)
Posted on 17 November 2011.
British drilling firm Cairn Energy has seen its share prices increase after finally finding evidence of oil in one of its controversial Greenland wells. Read the full story
Posted in Business, Energy, Environment, General, Greenland, International, MBL, Technology, United KingdomComments (0)
Posted on 04 November 2011.
The governor of the Central Bank of Iceland says that preparations are now being made to remove the country’s capital controls, which have served to stabilise the krona currency, but are also hampering inward investment. Read the full story
Posted in Business, General, Iceland, MBL, SocietyComments (0)
Posted on 25 October 2011.
The application of tax to interest earnings made by foreign companies in Iceland is a direct violation of the European Economic Area treaty, which Iceland is party to — according to a leading tax law specialist. Read the full story
Posted in Business, European Union, General, Iceland, MBL, PoliticsComments (0)
Posted on 28 September 2011.
A working group within the Icelandic national association of pension funds has come to the conclusion that it is not worthwhile for the funds to invest money buying and renovating rental housing. Read the full story
Posted in Business, General, Iceland, MBL, Politics, SocietyComments (0)
Posted on 20 September 2011.
Icelanders need to react more coolly to discussions about foreign investment in the country. So says the Icelandic economy and trade minister. Read the full story
Posted in Business, General, Iceland, International, MBL, Politics, SocietyComments (0)
Iceland central bank holds rates, predicts ongoing economic growth
Continued Malmö violence embarrasses police
Currency exchange privacy case thrown out of Icelandic court
Sauli Niinistö wins Finland presidential race
Iceland historic French village restoration finance secured
Murder in Hafnarfjörður
Workplace drug tests increase tenfold
Mythical Icelandic monster captured on film?
Explore Vatnajökull and Jökulsárlón in Iceland with Glacier Lagoon tour
Ocean turbine designer: “Iceland could up its energy production twentyfold”
