Danish banks hit by hackers causing website outage
Eight banks in Denmark were hit by hackers on Tuesday, causing disruptions to their websites. These banks include the country’s central bank and seven...
Awarding Destination Iceland campaign to M&C Saatchi UK leads to a lawsuit
In Iceland, like elsewhere, authorities have reacted in diverse ways to the negative economic impact of COVID-19. Amongst projects included in the gov...
Currency restrictions on the Icelandic Krona completely lifted today
From today onwards there will be no limits on currency transactions with the Icelandic Krona. The private sector and institutional investors such as t...
US Investors prepare to indict the Icelandic state
US Investment managers, Eaton Vance and Autonomy Capital, are preparing to have the Icelandic state prosecuted because of their investments.
NIB and Byggdastofnun open a loan facility for Icelandic SMEs
The Nordic Investment Bank (NIB) and Byggdastofnun, the Icelandic Regional Development Institute, are launching a new ten-year loan facility totalling...
Moody’s upgrades Iceland credit rating
Moody’s Investors Service announced, Monday, that it had moved the country’s credit rating up a notch to Baa2, citing an improved outlook to the...
Iceland’s central bank raises rates
Iceland’s central bank Sedlabanki raised its key interest rates by 50 basis points after ending capital controls and seeing positive domestic demand. ...
Iceland to lift capital controls
Iceland looks set to end its capital controls following a parliament vote in favour of tightening financial regulations. The Icelandic government has ...