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February 09 | Waiting in Airports
As a kid I thought airports were the most romantic places in the world. Now, while other airports destroy my jet-setting romanticism, Keflavík aptly revives it.  more
      

 
February 01 | Roe and Liver Season
Click on the picture to observe how to prepare a traditional Icelandic meal of roe and liver (hrogn og lifur). At this time of year, egg pouches are harvested from female fish, mainly cod and haddock, and sold in fish stores around the country along with the liver. The egg pouches may not look appetizing; just remember that caviar is fish eggs too.  more
Fjallabyggd (“Mountain Settlement”) is a skier’s dream. Its slopes are perfect for slaloming and there are also tracks for telemark skiing. Winter sporting enthusiasts can also go ice skating or rent snowmobiles. In summer, Fjallabyggd turns into a paradise for hikers. Read this special promotion about one of Iceland’s best hidden gems.  more

20/05/2009 | 15:00

Owners Refuse to Sell Icelandair to Foreign Parties

When the crisis hit the Icelandic economy last fall, some foreign investors from Europe and the United States expressed interest in purchasing the shares of the investment companies Máttur and Naust in Icelandair Group, but they refused to sell.

“I wasn’t interested in selling the company to foreigners. It serves an important role in transport with overseas countries and you could say that it’s part of the country’s independence,” explained Einar Sveinsson, one of the owners of Máttur and Naust, to Fréttabladid.

However, the foreign investors were not so interested that they had made offers to the investment companies’ shares in Icelandair Group.

The state-run Íslandsbanki took over the 39 percent combined stake held by Máttur and Naust in Icelandair Group on Monday, increasing its stake in the company to 47 percent.

The value of the two companies’ shares in Icelandair Group plummeted from ISK 10.5 billion (USD 82 million, EUR 60 million) at the beginning of 2008 to ISK 5 billion (USD 39 million, EUR 29 million) at the end of the year. On Monday it had dropped down to ISK 1.7 billion (USD 13 million, EUR 10 million).

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Comment

 
Minister of Transport Kristján L. Möller decided yesterday to follow the advice of the committee supervising the finances of municipalities and appoint a three-person board to reorganize the finances of Álftanes, a neighboring community of Reykjavík, which has gone into insolvency.  more
Norwegian lawyer Morten Furuholmen is preparing a lawsuit against Icelandic authorities for what he calls an unfounded arrest of Leif Ivar Kristiansen, the leader of the Hells Angels motorcycle club in Norway, at Keflavík International Airport yesterday.  more
The government of Iceland and the opposition in Iceland’s parliament reached an agreement yesterday on a discussion point to use in renegotiations with British and Dutch authorities on the Icesave obligations.  more
Icelandair has submitted a request to the Ministries of Justice and Industry that operating casinos be legalized in Iceland. The company is interested in opening a casino at the Hilton Hotel Nordica on Sudurlandsbraut in Reykjavík.  more
















 
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New subscribers to the quarterly Iceland Review magazine will receive the photography book Puffins, which contains a wealth of information about this colorful bird, as a gift. Additionally, all subscribers will enter a draw to win a trip to Iceland. Click here to subscribe to Iceland Review. The new issue will be out next week!  more



REVIEWS
When I first heard of the photographic book Legend by Fiann Paul, portraying people dressed in Viking-style in Icelandic landscapes, I imagined it would depict scenes from Norse mythology. However, the idea with the book is to tell a story of how “The Seeker” finds “The Legend” and it feels like a wishy-washy self-help book.  more
Fresh back from Brazil, where she was one of 28 international judges at the ‘Cup of Excellence’ awards, Kaffitár founder and owner Adalheidur Hédinsdóttir sat down with Atlantica’s Mica Allan in Kaffitár’s Bankastraeti cafe to talk about her passion and delight: coffee.  more
“Lucy” is a video and music installation by Dodda Maggý (1981), the 15th artist to exhibit in Reykjavík Art Museum’s D-gallery project in the Hafnarhús exhibition hall. In “Lucy” the artist explores the idea of the “acousmetre,” a film character portrayed only by voice, never in body, omniscient and ubiquitous.  more
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