Business
Króna Falls 6% in September
The Icelandic króna has fallen 6% in respect to the Euro this month, 2% of that dip occurring over yesterday morning, RÚV reports. The Central Bank of
Jelena Ćirić
September 12, 2018
Business
Business
First Cryptocurrency Exchange Registers with Financial Supervisory Authority
The first company to specialize in cryptocurrency commerce and services is now registered with Iceland’s Financial Supervisory Authority, or FME, reports Kjarninn. Morgunblaðið reported first. The company, Skiptimynt, is
Larissa Kyzer
September 7, 2018
Business
Says Supermarket Collusion Keeps Prices High
Silent consultation between low-cost retailers in Iceland keeps prices artificially inflated, says Auður Ava Ólafsdóttir, project manager of price oversight at the Icelandic Confederation of
Jelena Ćirić
September 6, 2018
Business
Icelandic Gaming Company Sold for $425 Million
CCP Games, Iceland’s largest gaming company, has been sold to Korean company Pearl Abyss for ISK 46.6 billion ($425m/€365m), Kjarninn reports. CCP is best known for producing
Jelena Ćirić
September 6, 2018
Business
Dairy Prices Increase
The price of wholesale milk and dairy products was raised 4.86% on September 1, RÚV reports. The price increase was put into effect by the Livestock Pricing
Larissa Kyzer
September 2, 2018
Business
Icelandair Outsourcing Operations to Estonia
Icelandair is outsourcing some of its operations to a subsidiary company based in Estonia, the airline’s interim CEO Bogi Nils Bogason told Viðskiptablaðið in an interview on
Larissa Kyzer
August 31, 2018
Business
Seek Licence for Closed-Pen Salmon Farms
Salmon farming company AkvaFuture hopes to start closed-pen salmon farms in Ísafjarðardjúp in the Westfjords, RÚV reports. The company is applying for a licence to produce up
Jelena Ćirić
August 30, 2018
Business
Experiment With Fishing Krill
Eco Marine Iceland is experimenting with krill fishing in Ísafjarðardjúp in the Westfjords, RÚV reports. Project Manager Daníel Guðbjartsson says no decision has been made on how
Jelena Ćirić
August 29, 2018
Business
Companies Put Off Proving Equal Pay
Around 120 companies could face daily fines in January if they do not obtain equal pay certification. The certification, meant to combat the gender wage
Jelena Ćirić
August 29, 2018
Business
Icelandair Shares Dip
Icelandair shares fell sharply in the first trading of the day on the Iceland Stock Exchange, RÚV reports. Just before 10.00am, the company’s exchange rate had fallen
Jelena Ćirić
August 28, 2018
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