Icelandic tax payers are set to bear the heavy burden of recapitalising the government employees’ pension fund (LSR). Billions of extra krónur are needed by the fund over the coming decades so it can stand up to its responsibilities.
Tag Archive | "losses"
Icelandic public must bail out indebted public sector pension fund
Posted on 06 February 2012.
Posted in Featured, General, Iceland, MBL, Politics, SocietyComments (1)
Tens-of-millions lost because of power cut
Posted on 11 January 2012.
Because of yesterday’s bad-weather-induced power cuts in Iceland production at both the Elkem ferrosilicon plant and the Norðurál aluminium smelter at Hvalfjörður in the west ground to a halt. It is thought the cuts cost the companies tens-of-millions of krónur.
Posted in Business, Energy, Featured, Iceland, MBL, Technology, WeatherComments (1)
