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Íslandsbanki headquarters in Reykjavík
Business

In Focus: Íslandsbanki Private Stock Offering

The Icelandic government’s sale of 22.5% of Íslandsbanki bank in a private stock offering last March has resulted in allegations of corruption, investigations by two state institutions, weekly public protests, and calls for Finance Minister Bjarni Benediktsson to resign. What went wrong?BackgroundAfter the 2008 banking collapse, a restructuring of Iceland’s financial system took place. From […]

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kristjana kristjánsdóttir
Business

Finding the Energy to Change

The conversation about renewable energy is buzzing louder than ever before. Talk about methanol, in particular, is gaining traction across the automotive, marine, and electricity sectors, all of which have long relied on fossil fuels. A clean-burning, water-soluble and biodegradable electric fuel, methanol is the world’s simplest alcohol and is comprised of only hydrogen, oxygen, […]

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icelandic startups
Business

Idea Island

In the past few decades, startups have revolutionised how we communicate (Facebook), how we travel (Airbnb), and how we work (Zoom). They’ve also brought with them a new way of thinking about business, and even talking about it – one coloured with optimism. Who wouldn’t want to be part of the “idea economy,” joining a […]

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