Lýsing pays Deutsche Bank
The Icelandic finance company Lýsing several days ago paid around ISK 30 billion (EUR 179.3 million) to Deutsche Bank.
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 n...
Long-term unemployment up while overall figure drops
Long-term unemployment grew in Iceland between 2010 and 2011, according to figures from Statistics Iceland.
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 cris...
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 ...
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 a...
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....
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.