Good progress with Icesave but no end in sight just yet
Despite some claims to the contrary, there has not yet been any new deal agreed in the ongoing Icesave dispute between Iceland, the Netherlands and th...
Iceland’s recession “is over”
An IMF delegation has been in Iceland for the last two weeks preparing the way for the Fund’s third review of its economic rescue package with t...
Double-dip recession hits Finland
After starting to recover, Finland’s economy slipped back into recession at the beginning of 2010, according to official figures. Following a decline ...
Surprise as sale of luxury goods fares well in Icelandic recession
Demand for luxury items such as jewellery and expensive watches has not diminished in Iceland, despite the financial crisis; in fact these items are s...
Icelandic teenagers getting happier in recession
Icelandic teenagers are more content now in the midst of a recession than they were in the boom years. This is the conclusion of a new research report...
IMF predicts end to Iceland recession this year
The IMF says there are increasing signs that Iceland’s recession, although deep, will not be as harsh as feared and economic growth is expected to sta...
Criminal proceedings to start against Icelandic tycoons?
The assets of businessmen Jon Asgeir Johannesson and Hannes Smarason in Iceland will be frozen in connection with tax authority investigations into th...
Norway to spend less oil money from 2011
The Norwegian Prime Minister Jens Stoltenberg has announced that his government will limit spending of oil revenue beginning in 2011 as a safeguard ag...