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.
Tag Archive | "investment"
Jilted Chinese investor set to try again with luxury Iceland resort idea
Posted on 26 January 2012.
Posted in Business, China, Featured, Iceland, MBL, Politics, TravelComments (3)
More Chinese interest in Icelandic tourism sector
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.
Posted in Business, China, Energy, Featured, Iceland, Leisure, MBL, Society, TravelComments (2)
Icelandic króna surplus building fast
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.
Posted in Business, Featured, Iceland, International, MBL, Politics, SocietyComments (2)
Jilted Chinese investor to be granted Iceland luxury resort permission after all?
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 [...]
Posted in Business, China, Featured, General, Iceland, MBL, Politics, TravelComments (1)
Chinese investor’s Iceland resort construction bid rejected by minister
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.
Posted in Business, China, Featured, General, Iceland, MBL, Politics, SocietyComments (15)
Cairn finally scores in Greenland
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.
Posted in Business, Energy, Environment, Featured, General, Greenland, International, MBL, Technology, United KingdomComments (0)
Central Bank of Iceland preparing to remove currency exchange restrictions
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.
Posted in Business, Featured, General, Iceland, MBL, SocietyComments (0)
Icelandic tax law discriminating illegally against foreign companies?
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.
Posted in Business, European Union, Featured, General, Iceland, MBL, PoliticsComments (0)
