Home Brewing Increases in Iceland

beer_psHome brewing and the smuggling of alcohol to Iceland has reportedly increased. According to a new survey carried out by MMR for the Icelandic Federation of Trade (FA), almost 50 percent of respondents 18 to 29 years old said there had been an increase in home brewing and smuggling of alcohol since before the crash in 2008.

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Höhere Steuern auf Alkohol und Tabak

cigarettes04_esaDie isländische Regierung plant, die Einnahmen für den Staatshaushalt im kommenden Jahr um 51 Mio. EUR (8,3 Mio. ISK) aufzubessern, indem sie unter anderem die Steuern auf Alkohol und Tabak erhöht. Die zusätzlichen Mittel sollen in soziale Projekt fließen.

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Glitnir Bank Top Dogs Take Stand in Iceland Court

glitnir-headq_ipaThe principal proceedings in the Special Prosecutor’s Vafningur case began in Reykjavík District Court yesterday. Former CEO Lárus Welding and former managing director of the bank’s company division Guðmundur Hjaltason are accused of having approved an ISK 10 billion loan in violation of the bank’s regulations on February 8, 2008.

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