gavel as used in courts

Glitnir Bank Employees Sentenced to Prison

The four former Glitnir Bank employees accused of breach of trust and market manipulation in connection with the bank’s ISK 3.8 billion loan to BK-44 in 2007 were yesterday sentenced to four and five years imprisonment.

Icelandair plane

Icelandair Mechanics’ Strike Canceled

Contract negotiations between aviation mechanics and Icelandair have broken down again and their indefinite strike is still planned to begin tomorrow – although that now seems unlikely, because the Icelandic parliament has been called in from its summer break to debate the matter and vote on...

Icelandair plane

Icelandair Mechanics on Strike

Contract negotiations with Icelandair mechanics failed yesterday, meaning their threatened strike is going ahead today, causing disruption to flights.


Bónus with Best Prices

The food item with the biggest difference in price between supermarkets surveyed by the Icelandic Federation of Labour (ASÍ) was an avocado. ASÍ checked the price of 105 grocery items at different supermarkets and found that the price of avocados differed by up to 138 percent.

Reykjavík harbor

Solar Silicon Plant Planned in West Iceland

U.S. company Silicor Materials, a leading manufacturer of high-quality solar silicon, plans to sign a contract with Faxaflóahafnir Associated Icelandic Ports on the building of a new silicon plant at Grundartangi in Hvalfjörður today.

Blue Lagoon, Iceland

Iceland Featured in New Apple Ad

Reykjavík and the Blue Lagoon appear in a new ad for Apple iPad Air. The ad shows travel writer Chérie King using an iPad during her travels to, among other places, Iceland, Vietnam and Morocco.

Tourists in Iceland in winter

One Million USD to Market Iceland

The marketing organization Iceland Naturally will receive USD 1 million (ISK 339 million, EUR 735,000) per year until the end of 2016 to promote Iceland and make Icelandic products and services more visible on the North American market.


Glamour to Iceland

The biggest media company in Iceland, 365 miðlar, has signed a contract with Condé Nast to produce an Icelandic version of Glamour magazine.