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benedikt12bwThe President in Iceland likes to think he has absolute power. Luckily, the position is largely ceremonial.  more



 
May 20 | Rhubarb Stew
rhubarb01Watch an audio slideshow of how traditional Icelandic rhubarb stew is made. Rhubarb is one of the few vegetables that grows effortlessly in Iceland and for that reason it used to be a highly-valued addition to the traditional diet of fish and lamb.  more




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31.01.2013 | 16:26

Former Banker Acquitted in Exeter Case

Former CEO of MP Bank Styrmir Þór Bragason was acquitted for breach of trust in the so-called Exeter case at Reykjavík District Court today. The State Treasury will be responsible for paying all legal costs, mbl.is reports.

districtcourt
Reykjavík District Court.

The Office of the Special Prosecutor had demanded that Styrmir be sentenced to three to four years in prison.

As reported, Styrmir was accused of having been accomplice to granting a loan from Byr savings bank to a subsidiary of MP Bank to purchase founder’s capital shares in Byr, which proved to be worthless.

Jón Þorsteinn Jónsson and Ragnar Z. Guðjónsson were given 4.5-year sentences at the Supreme Court of Iceland in June 2012 for their part in the affair. Styrmir’s case was then referred back to the district court.

Click here to read more about this story.

ZR


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ir0213_coverThe 2013 April-May issue of Iceland Review & Atlantica has been released. Packed with informative and entertaining stories, highlights include an interview with outgoing Prime Minister Jóhanna Sigurðardóttir and the people who know her best, a photo essay of ice caves in Europe’s largest glacier and a colorful feature on life in the West Fjords.  more



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