Business is booming for small Icelandic companies
One year after the financial meltdown in Iceland when the three main banks, Kaupthing, Glitnir and Landsbanki collapsed, and many big Icelandic firms ...
UK SFO Iceland trip bearing fruit
The British Serious Fraud Office (SFO) is looking into the affairs of the old Icelandic banks and hopes to soon decide whether or not a formal investi...
The Special Prosecutor of Iceland
In the wake of the meltdown of the Icelandic Economy and collapse of the country’s three largest Banks in October 2008, a new office was introduced in...
The recovery of the Icelandic economy
A letter from Central Bank of Iceland governor Svein Harald Øygard, published in Morgunbladid on 1st April:
Straumur to establish Icelandic business resurrection fund
Straumur Burdaras, Iceland’s biggest investment bank, has announced plans for a special fund to support and develop businesses in Iceland during the c...
Interest in jobs abroad
People who have lost their jobs, or fear they might be fired, have shown huge interest in jobs abroad. Foreign companies see opportunities and want to...
Icelandic politicians to get paid less
Geir H. Haarde, Icelandic Prime Minister today announced (at a press conference) his intention that all elected officials and judges should take a pay...
BREAKING NEWS: Iceland IMF loan approved
The Executive Board of the International Monetary Fund (IMF) has just confirmed that it will extend the requested USD 2.1 billion loan to Iceland, acc...