Cinemas Enjoy Ticket Sale Record

Cinemas in Reykjavík enjoyed a record season over the holidays, Fréttabladid reports. About 30,000 guests went to see a movie this Christmas which means over 35 million ISK (USD 280,000 / EUR 190,000) in ticket sales.

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New Road to South Iceland Designed Without Guard Rails

The new double road from the capital, Reykjavík, to towns in the South is not designed with guard rails dividing traffic lanes. The new double road that is being designed by the Icelandic Road Administration between the towns of Hveragerdi and Selfoss does not have guard rails either, reports Fréttabladid.

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Payments of Loans 40 Percent of National Income

The Icelandic state will have to spend about 40 percent of its income on payments of loans according to the budget plan of the finance ministry, reports Morgunbladid. Data about the repayment schedule of foreign loans which the Central Bank of Iceland revealed to the Trade committee of Althingi recently combined with domestic debt repayments show that repayment of loans will weigh heavily in the state’s expenditure in forthcoming years.

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