Reykjavík police have completed their investigation into the biggest illegal drugs find of 2011 and the case has now been passed on to the state prosecutor. Two men, in their forties and fifties, remain in custody over the case. Read the full story

ESA, the EFTA (European Free Trade Association) surveillance authority, has decided to take the Icelandic state to the EFTA court over its handling of the Icesave case. By discriminating against foreign depositors and not reimbursing the British and Dutch governments within one year, it is claimed Iceland broke European law. Read the full story

The estate of Iceland’s bankrupt Landsbanki bank this week paid the British and Dutch governments one third of the money they claim for having bailed out Landsbanki’s Icesave customers in the two countries. An ESA spokesman said that there still has not been any decision made as to whether or not the Icelandic state will be taken to court over Icesave in a case to decide whether or not it was the government’s duty to pay the money back. The ESA maintains that it was; but the Icelandic government disagrees. Read the full story

Icelandic opera singer Elmar Gilbertsson has landed himself a prestigious contract singing in the Netherlands. Read the full story

In accordance with previous estimations, it is still predicted that recoveries from the bankrupt estate of Iceland’s Landsbanki Islands hf. will cover UK and Dutch deposits in Icesave; with surplus. Read the full story

The EFTA surveillance authority, the ESA, has ruled that the Icelandic authorities are required to pay out the minimum insurance amount on Icesave deposits in the UK and Netherlands. Read the full story

According to a new MMR poll conducted for Stod 2, Iceland will reject the so-called Icesave deal at this Saturday’s referendum. Read the full story

Steingrimur J. Sigfusson, Iceland’s Minister of Finance, and Katrin Jakobsdottir, Minister for Education, have urged members of their Left Green Movement to vote yes in this Saturday’s Icesave referendum in a column on the party website. Read the full story

A specially trained Viagra-sniffing dog from the Netherlands has been shipped over to Finland to assist in a Customs’ crackdown on counterfeit drugs. Read the full story

So-called wholesale deposits taken by Landsbanki and Glitnir are to be treated as priority claims on the banks’ estates. The Reykjavik District Court passed judgement on the case this morning. Read the full story