Icelandic Economists Say Whaling Overall Profitable

A newly-published report on whaling concludes the industry is economically beneficial to Iceland overall. The report also found no indications that whaling decreases the amount of tourism in the [...]

Fish Species Fraud Brought to Police

Studies show that species fraud happens with close to a third of fish products sold in foreign countries, Kjarninn reports. Food fraud is a large global problem and seafood is considered among [...]

Icelandic Milk and Skyr Corporation Sold for (At Least) ISK 40 Billion

The Icelandic Milk and Skyr Corporation, founded by Sigurður Kjartan Hilmarsson in 2006, is estimated to have been sold for a minimum of ISK 40 billion [$370 million; €323 million], Kjarninn [...]

Iceland Did Not Go Nuts for Dunkin’ Donuts

All four Dunkin’ Donuts locations in Iceland have now been closed, RÚV reports. According to Sigurður Karlsson, the CEO of Basko, ehf. – the company which also owns and operates Iceland’s 10-11 [...]

Big Expansions for Bíldudalur Harbour

The harbour in Bíldudalur, a village with a population of just over 200 people, will be the site of considerable expansion and investment next year, RÚV reports. This news was announced by [...]

Gray Line Downsizes Due to Tourism Downturn

Gray Line, one of the biggest bus companies in the country, has reduced its staff by 32 employees in the last few months and sold eight of its busses, Vísir reports. Þórir Garðarsson, the [...]

WOW Discontinues Flights to Gatwick

WOW air has sold its flight times at Gatwick airport in the UK, RÚV reports. The purchase price of the flight times and their buyer remain confidential at this time. The sale means that as of [...]

Unions Shift Alliances Ahead of Wage Negotiations

Two major labour unions have decided to spilt from their union federation in Iceland’s upcoming wage negotiation, RÚV reports. The Federation of General and Special Workers (SGS) will no longer [...]

Locals Request Referendum on Big Industry

Thousands of residents in Reykjanesbær, Southwest Iceland, are petitioning local authorities to hold a binding referendum on the future of two silicon plants in the area, RÚV reports. One of the [...]

Indigo Invests 9.4 Billion ISK in WOW Air

The investment company Indigo Partners will invest 9.4 billion ISK (75.88 million $, 67.23 million €) in the airline WOW Air. This was revealed in a statement on WOW Air’s website earlier [...]

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