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Business

Iceland's Only Rabbit Farmer

Birgit Kositzke is a woman who definitely knows what she wants. In 2007 she moved from Germany to Iceland with the idea of carving out her fortune in agriculture. However, it was neither horses nor cows that caught her interest, but rabbits for their meat.

Aluminum smelter in Straumsvík.

Aluminum Smelter Could Face Strike

Negotiations between Rio Tinto Alcan and the unions of workers at the aluminum smelter in Straumsvík, outside the town of Hafnarfjörður, which Rio Tinto operates, have been unsuccessful.

Trim Castle, Ireland

Icelandic Travel Website Expands to Ireland

Icelandic travel planning and booking website TripCreator now offers users to plan trips to Ireland, as announced today. The company plans to add a third destination before the end of the year and other destinations across Europe and North America in 2016.

Into the Glacier.

Innovation in a Glacier

Into the Glacier, the ice cave in Langjökull glacier, was awarded the Innovation Prize of the Icelandic Travel Industry Association Wednesday.

Eve Online

ISK 4 Billion Investment in CCP

New Enterprise Associates og Novator have invested ISK 4 billion (USD 30.5 million, EUR 28 million) in the Icelandic interactive entertainment Company CCP.

Line at Dirty Burger and Ribs.

Icelanders Love Junk Food

According to annual reports from the four biggest fast food chains in the country, Icelanders spent ISK 10.9 billion (USD 85 million, EUR 77 million) at those last year.

Bjarni Benediktsson and Sigmundur Davíð Gunnlaugsson

Will Capital Controls be Lifted?

The economic measures introduced by the government Wednesday are the largest ever in Icelandic history, according to Finance Minister Bjarni Benediktsson.

Minister of Finance Bjarni Benediktsson speaking at the Independence Party general meeting in 2013.

Central Bank Recommends Exemption

The Central Bank of Iceland has recommended an exemption from the Foreign Exchange Act be given to the failed banks, Kaupthing hf., Glitnir hf., and LBI hf.

Water.

Leak at Central Bank of Iceland

The Reykjavík Fire Department was called out to the Central Bank of Iceland shortly before midnight after water had begun leaking into the building’s hallways.

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