Tag Archive | "money"

Lýsing pays Deutsche Bank

The Icelandic finance company Lýsing several days ago paid around ISK 30 billion (EUR 179.3  million) to Deutsche Bank.

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Economist questions weak króna explanation

The exchange rate of the Icelandic króna has been weakening steadily since the start of the year and the exchange rate index has not been higher for nearly two years. An economics professor says that the outlook on inflation is not good.

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Long-term unemployment up while overall figure drops

Long-term unemployment grew in Iceland between 2010 and 2011, according to figures from Statistics Iceland.

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Iceland central bank for auctions to repatriate offshore currency

The Central Bank of Iceland is preparing to repatriate offshore krónur in a step towards relieving ongoing capital controls following the banking crisis.

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Currency exchange privacy case thrown out of Icelandic court

The case of Jón Magnússon, a Supreme Court of Iceland barrister and former member of parliament, against the Data Protection Authority of Iceland has been thrown out of the Reykjavík District Court. The given reason was that Jón could not prove that he had a legally significant personal interest in the case.

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Icelandic public must bail out indebted public sector pension fund

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.

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Class safari shocks Stockholm snobs

Residents of a wealthy Stockholm suburb have complained to the police about a tour agency’s plan to run ‘high-society safaris’ in their neighbourhood.

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Price of fuel in Iceland has doubled in five years

The cost of fuel in Iceland has more than doubled in five years, new data reveals. At the same time average wages have gone up by 34 percent.

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