Indigo Partners Invest in WOW air

The asset management company Indigo Partners have made a temporary agreement for an investment in Icelandic airline WOW air, Vísir reports. The plan is to finalise the agreement as soon as a due [...]

Icelandair and WOW Merger Dropped

Icelandair Group will not go forward with their purchase of WOW air, RÚV reports. According to Icelandair’s statement to the Iceland Stock Exchange, the decision to back out of the purchase [...]

Icelandair Shareholders Yet to Approve WOW air Purchase

The Iceland Stock Exchange (ICEX) suspended trading of Icelandair shares yesterday. Túristi.is reported first. According to ICEX, the suspension was made at the request of the Financial [...]

Reykjavík Energy Addresses Workplace Harassment Accusations

Reyjavík Energy (OR) is now working toward changes to address the conclusions of a thorough assessment of the company’s work culture, RÚV reports. Around two months ago, the company was accused [...]

Jim Ratcliffe Acquires More Land in Iceland

British billionaire Jim Ratcliffe has purchased holding company Grænaþing from investor Jóhannes Kristinsson, Fréttablaðið reports. With the acquisition, Ratcliffe has a 86.7% stake in the [...]

Beer Spa Receives Innovation Award

The Bjóböðin Beerspa and Resaurant in Árskógssandur, North Iceland has received the Innovation Award given annually by the the Icelandic Travel Industry Association (SAF), RÚV reports. The award [...]

Increasing Number of Minors Taking Paid Employment

An increasing number of minors are taking on paid employment, RÚV reports. In 2011, just under 56% of 17-year-olds were on the job market, as compared to 68% of 17-year-olds in 2018. These new [...]

Former Kaupþing Bank CEO Convicted of Insider Fraud

Hreiðar Már Sigurðsson, the former CEO of Kaupþing Bank, was convicted in Reykjavík District Court today for insider fraud, Kjarninn reports. Namely, he was found guilty of selling his shares in [...]

Prime Minister Optimistic About Icelandair and WOW Merger

The merger of Icelandair and WOW air could be a good thing, says Prime Minister Katrín Jákobsdóttir, RÚV reports. In an interview with the outlet, Katrín indicated that she was not concerned [...]

Icelandic Lamb Exported to India

Icelandic lamb is now being exported to India for the first time. The first shipment was sent in early October and more are planned in the coming weeks. The Icelandic Food and Veterinary [...]

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