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 fishing association
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
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
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
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
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
Iceland ranks 24th in this year’s Global Competitiveness Report published by the World Economic Forum. RÚV reports that Iceland has risen four spots in the ranking since
An injunction against tekjur.is, a website that makes Icelanders’ income public, has been denied, RÚVreports. The injunction was filed by Ingvar Smári Birgisson, lawyer and chairman
The króna continues to weaken despite the intervention of the Central Bank of Iceland, RÚV reports. Following a significant drop in value yesterday, the Icelandic currency has
Icelandic airline WOW air is discontinuing flights from three US destinations, RÚV reports. The airline will stop flights to St. Louis in the beginning of next year
