Business

Business

In Focus: Relaxing Legislation on Alcohol Sales

Visitors to Iceland are often surprised to find that beer and wine are not available for sale in Icelandic grocery stores. For the past century,

Jelena Ćirić September 19, 2022

rangárþing ytra green industrial parks iceland

Business

Newly Planned Green Industrial Parks to Bring Jobs to Rangárþing Ytra

Rangárþing ytra municipality in South Iceland and Orkídea have recently signed an agreement to establish a green industrial park. The new project will aim to

Erik Pomrenke September 19, 2022

Business

Ármúli Clinic Reaches Multibillion Agreement for Expansion

Ármúli Clinic, a private healthcare provider, has recently concluded a multibillion ISK deal with real estate developer Reitir to expand services, reports Stundin. Having secured

Erik Pomrenke September 19, 2022

Business

2023 Budget to Include 7.7% Hike on Alcohol

In the latest draft of the 2023 budget, a 7.7% increase in alcohol tax is proposed. Iceland already has some of the highest alcohol taxes

Erik Pomrenke September 15, 2022

Business

Iceland’s Low-Cost Electricity in High Demand as Energy Prices Skyrocket in Europe

There is an increasing demand amongst foreign companies to base their operations in Iceland due to favourable energy prices, but the demand far exceeds what

Larissa Kyzer September 11, 2022

Business

Rising Production Costs Lead to Historically Low Mutton Stocks

Agricultural newspaper Bændablaðið reports that Iceland’s stocks of mutton have reached a historic low. According to recently published statistics, the slaughter season has never before

Erik Pomrenke September 8, 2022

Business

Recent Halt in Domestic French Fry Production Raises Questions Concerning Tariffs

When Icelandic frozen- and ready-made food company Þykkvabæjar stopped producing french fries earlier this summer, they were the last remaining producer of the popular side

Erik Pomrenke September 8, 2022

Business

Salmon Fished in Westfjords Rivers Likely Escaped from Farms

Salmon that were caught in the Westfjords recently are suspected to be escapees from open sea salmon farms in the region, a notice from the

Jelena Ćirić August 31, 2022

Business

Signs that Inflation May Have Peaked in Iceland

Inflation measured 9.7% in August, a drop from 9.9% in July and the first drop in inflation rates since June of last year. The housing

Jelena Ćirić August 31, 2022

Business

Scrapie-Resistant Sheep to Enter Market this Fall

Up to 15 rams with scrapie-resistant genes will be sold for breeding this fall. Bred in Reyðarfjörður in East Iceland, the sheep carry a special

Erik Pomrenke August 30, 2022

Still Can't find what you're looking for?
Ask Iceland Review

Business

In Focus: Relaxing Legislation on Alcohol Sales

Newly Planned Green Industrial Parks to Bring Jobs to Rangárþing Ytra

Ármúli Clinic Reaches Multibillion Agreement for Expansion

2023 Budget to Include 7.7% Hike on Alcohol

Iceland’s Low-Cost Electricity in High Demand as Energy Prices Skyrocket in Europe

Rising Production Costs Lead to Historically Low Mutton Stocks

Recent Halt in Domestic French Fry Production Raises Questions Concerning Tariffs

Salmon Fished in Westfjords Rivers Likely Escaped from Farms

Signs that Inflation May Have Peaked in Iceland

Scrapie-Resistant Sheep to Enter Market this Fall

Iceland: Terrorist Plot Sparks Debate on Police Power

Police Staff Party Was Possible Target of Would-Be Terrorists

Four Arrested for Intended Domestic Terrorism

Postal Service to Close Post Offices in Grindavík, Skagaströnd, and Kópasker

Possible Changes to Car Rentals, Including Limits on Mileage and Age