The Enterprise Investment Fund of Iceland has purchased a 15.8 percent share in the country’s biggest oil company N1, from Islandsbanki and its deceased predecessor, Glitnir Bank. Read the full story

Recent news that a Chinese investor has bought a large tract of land in north-east Iceland, with a view to building a luxury hotel and eco-tourism resort, is being widely discussed overseas. Read the full story

Chinese scientists want to set up a northern lights research station in Iceland. Read the full story

Copenhagen Council has been criticised by residents for spending a sizeable chunk of public funds on footrests for cyclists to use at traffic lights. Read the full story

A wealthy Chinese investor this week bought one of the biggest plots of land for sale in Iceland: Grimsstadir a Fjollum. He intends to build a large luxury hotel on the remote site, but approval is needed first from Icelandic and Chinese authorities. Read the full story

The Iceland Chamber of Commerce has released an updated edition of its report on the Icelandic economy in English. Read the full story

A new environmental loan programme totalling EUR 30 million has been signed by the Nordic Investment Bank (NIB) and Poland’s Bank Ochrony Srodowiska (BOS). Read the full story

14 Icelandic pension funds have struck a deal to buy 25 percent of energy company HS Orka. The chairman of Jardvarmi — a company specially set up by the pension funds for this deal — says that no future major decisions will be taken at HS Orka without the pension funds’ approval. Read the full story

New figures released by the OECD predict 2.2 percent economic growth for Iceland this year and 2.9 percent next year. Read the full story

The diocese of Lund is making money through investing in porn distributors. Read the full story