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September 02 | The Kingdom of Grímsey
Maybe it would be best for both Jón Bjarnason and the whole country if he were to move to Grímsey, an uninhabited island in the West Fjords.  more


 
August 30 | Hraunsvatn, North Iceland Mountain Lake
Click on the picture to watch an audio slideshow of a hike to Hraunsvatn lake in Öxnadalur valley in north Iceland, which lies at a height of 490 meters, interlocked between two steep mountains and a small glacier with a view of the majestic Hraundrangar peaks.  more
August 02 | Village Profile: Fjallabyggd – A Skier’s Dream
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

25/11/2009 | 13:57

Nasdaq Calls for Delisting of Iceland’s deCODE

The Nasdaq stock exchange in New York has announced to Icelandic company deCODE Genetics that its stocks will be deactivated on November 30. The reason is a moratorium on the company’s payments granted by a Delaware court.

The headquarters of deCODE in Reykjavík. Photo by Páll Kjartansson.

According to a news story on PR Newswire, the Nasdaq announcement also revealed that deCODE has yet to submit its settlement of accounts for the third quarter of this year, visir.is reports.

deCODE can appeal Nasdaq’s decision and the company is intending to do so. However, it is uncertain that the appeal will be successful.

Last week it was announced that deCODE had signed an agreement with American company Saga Investments LLC on the latter company’s acquisition of deCODE and its entire operations. The agreement was made in accordance with section 363 of the American insolvency law.

Click here to read more about that story and here to read the full story on PR Newswire.



 
Comment   
September 02 | South Iceland Night of Lights Festival Begins Today
The 11th annual Night of Lights festival begins today in Reykjanesbaer municipality in southwest Iceland. Tomorrow and Saturday night, many of the country’s best bands will play in Reykjanesbaer and on Sunday local choirs will entertain guests.  more
September 02 | Government of Iceland Announces New Ministers
Iceland’s cabinet met at the presidential residence Bessastadir at noon today where new ministers were announced: Gudbjartur Hannesson of the Social Democrats will lead a new Welfare Ministry and Ögmundur Jónasson of the Left-Greens a new Ministry for Internal Affairs.  more
September 02 | Warmest Summer Ever in Iceland’s Capital
The average temperature of the three summer months, June, July and August, in Reykjavík this year was 12.2°C (54°F), which makes this the warmest summer in the capital since temperatures were first recorded in 1871, according to meteorologist Trausti Jónsson.  more
September 02 | Long-Standing Comedy Show Moves to Private Channel
The comedy sketch show Spaugstofan, which has been shown more or less continuously for 21 years on the Icelandic national broadcaster RÚV, has now been relocated to the private television channel Stöd 2.  more
















 
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The second issue of the print edition of Iceland Review 2010 has just been published. Entitled “Under the Volcano” the magazine dedicates 20 pages, words and pictures, to the volcanic eruption in Eyjafjallajökull glacier which made headlines all over the word. New subscribers will receive the book 2010 Eruptions as a gift and all subscribers are part of a draw to win a trip to Iceland. Click here to subscribe to the magazine.  more




REVIEWS
August 30 | And More Mountain Art
Dadi Gudbjörnsson's art with its smiley faces, Aladdin's lamps, gleaming hearts, blue mountains and psychedelic flora of unearthly origin reminds me of the cheesy R.E.M. song “Shiny Happy People”. The sugar-sweet naivety fails to amuse me but I must admit it infects my mood with delirious joy.  more
August 30 | Feature of the Week: Fighting Our Fight
Former President of Iceland Vigdís Finnbogadóttir turned 80 on 15 April this year and Mayor Hanna Birna Kristjánsdóttir—in making her an Honorary Citizen of Reykjavík to mark the occasion—observed that Finnbogadóttir’s life was interwoven with that of Reykjavík. In June 1980 Finnbogadóttir made history when she became the world’s first democratically elected female head of state.  more
August 30 | Event of the Week: Eau De Parfum
Today, August 30, and tomorrow is your last chance to visit the exhibition “Eau De Parfum” by Andrea Maack at the Spark Design Space in Reykjavík. In the exhibition space, Maack introduces three perfumes that are the result of her collaboration with French perfumery apf aromes & parfums.  more
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