Greenland has once again been left without an international voice due to its membership of the Danish Kingdom, with the self-ruling administration unable to formally complain against the newly approved European Union ban on seal-product imports to the World Trade Organisation. Read the full story

The World Trade Organisation (WTO) has been formally requested by Norway to intervene in settling dispute consultations with the EU regarding their ban on the trading of seal products, which Norway claims contravene rules laid down by the WTO itself. Read the full story

Norway and Scotland have signed a Memorandum of Understanding (MoU) to work jointly on developing their aquaculture industries. It is hoped that the trade disputes in the past between the two nations will be put aside to help boost each other’s prosperity. Read the full story

According to RIA RusBusiness News, in October 2009 Denmark will hold the “Caravan of Russia – Denmark Friendship” forum. The aim of the forum is to establish cultural and business relationships between representatives of Russia and Denmark as well as other European countries. Read the full story

The retrieval of Swedish-made weapons from Colombia’s FARC rebels has bolstered Colombian claims that FARC have been receiving help from Venezuela and prompted Sweden to investigate. Read the full story

On Tuesday in the Russian capital of Moscow, President Barack Obama had a meeting with a Russian Prime Minister Vladimir Putin, offering a true partnership. Officials of the United States described the two hour talk as “very successful”. To the Russian people, especially the younger population, his speech brings lots of hope for Russia’s new future.
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A group of Icelandic businessmen from five companies in Iceland traveled to Belarus to research and learn more about possible investments in the country. The trip was sponsered by the Trade Council of Iceland but also received assistance from the Business Council in Minsk, the capital of Belarus.

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The Icelandic American Chamber of Commerce will hold a conference this Tuesday in New York entitled ‘The Icelandic Economy and Outlook’.

This year’s keynote speaker will be Gylfi Magnusson, Icelandic Minister for Business Affairs. He will be joined in the same session by Mark Flanagan, the head of the IMF mission to Iceland. Read the full story

It is of critical importance for Iceland to improve international relations and increase its credit rating. So says Gylfi Zoega, University of Iceland economist, adding that the government seems to be burning bridges in its wake with regard to its relations with international financers and other nations. Without foreign capital, he says, there is no future at all for Iceland. Read the full story

PRESS RELEASE FROM THE CENTRAL BANK OF ICELAND

The Central Bank of Iceland has come to an agreement with market makers in the foreign exchange market, as well as with several other financial undertakings, concerning temporary foreign exchange arrangements designed to facilitate international trade.

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