August 25, 2005 - Iceland Review Skip to content

Day: August 25, 2005

Jón Gerald Sullenberger looks Baugur CEO in the eye

The same day Baugur CEO Jón Ásgeir Jóhannesson was arraigned in court in Iceland, his former business partner Jón Gerald Sullenberger, whose testimony to the Icelandic police provoked the investigation into the affairs of Jón Ásgeir and Baugur, appeared on TV-station Stöd 2 in an interview on the current affairs program “Ísland í dag”, “Iceland today”.

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Icelandic economy red hot

Unemployment measured in at 2% in July and has not been as low since December 2001 reports the Icelandic Broadcasting Service. The banks predict unemployment will go below 2% followed by expansion and inflation.

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