Jonas Gahr Store, the Norwegian Foreign Minister, looks set to break ranks with the other Nordic countries by recommending that Norway grant loans to Iceland before the Icesave issue is finally resolved with the Netherlands and the UK.
Aftenposten reports that not only are the Norwegians potentially interested in granting Iceland the promised loan through the [...]
Continue reading " Norway FM open to Iceland loan before Icesave solution "
This morning begins a very high profile weekend for the internet in Iceland with today’s Reykjavik Internet Marketing Conference and the accompanying high-tech expo which runs until Sunday.
Both the Reykjavik Internet Marketing Conference (RIMC) and the Netid expo are taking place at Smaralind shopping centre’s Winter Garden indoor arena and in the Smarabio Cinema, which [...]
Continue reading " Reykjavik Internet Marketing Conference goes live "
An information sharing contract has been signed between the Nordic nations and the Bahamas, intended to hinder Nordic tax evasion.
The contract signed yesterday allows Nordic tax authorities access to information on taxes paid and deposits made by Nordic citizens in the Bahamas and will help them track and assess those trying to hide taxable assets [...]
Continue reading " Nordic tax fraud probe stretches to Bahamas "
The Norwegian-owned UBT Ocean oil-product tanker, along with its 21-member crew, has been captured by Somali pirates in the waters of the Indian Ocean. The incident took place late last week, and to date the vessel is still believed to be sailing towards Somali waters.
The UBT Ocean sails under the flag of the Marshall Islands, [...]
Some argue the Icelandic government has been weakened by Saturday’s massive ‘no’vote in the Icesave referendum and nobody believes its domestic position was improved by it. As a result, members are calling for something to be done.
Social Democrat and Left Green sources contacted by Frettabladid believe the easiest way to reinforce the government is to [...]
Continue reading " Cabinet reshuffle on the way for Icelandic government? "
Nordural (Century Aluminium) pays a quarter less for its electricity in Iceland than the global average. This was revealed in a confidential leaked document to RUV.
It is the energy companies who carry the most risk when global aluminium prices fall.
The document is from Hatch consultants and is compiled on behalf of foreign banks and Nordural. [...]
Continue reading " Icelandic energy pays price for aluminium profits "
The result of Iceland’s so-called Icesave referendum has no effect on the creditworthiness of the nation, at least not directly. This is the conclusion of the ratings agency Standard and Poor’s, which published its report yesterday.
The fact that the ‘no’ vote was so widely predicted means the outcome of the vote has had no effect [...]
Continue reading " ‘No’ to Icesave does not damage Iceland’s credit rating "
The grassroots New Iceland political pressure group was very busy on Saturday, holding mock auctions of property owned by Iceland’s ‘Outvasion Viking’ businessmen and making house calls.
In a statement the group described what happened when they gathered outside the home of former Landsbanki boss and owner of West Ham, Bjorgolfur Gudmundsson: when group members knocked [...]
Continue reading " Bjorgolfur Gudmundsson “victim of government propaganda” "
Alistair Darling, Britain’s Chancellor of the Exchequer, says he is absolutely certain Iceland will pay Britain back for its reimbursement of lost savings in Icesave; the question is just what the conditions will be.
Darling told the BBC’s Politics Show it does not serve British interests to push too hard against a small country.
He was asked [...]
Continue reading " Darling: pointless to push Iceland too hard "
With final numbers now released in all voting districts, the resounding ‘no’ vote is official.
Nationwide, 144,231 people voted of the roughly 230,000 registered voters. 2,599 (1.8 percent) of them voted to accept December’s Icesave repayment plan and 134,397 (93.2 percent) voted to reject it. The overall turnout was 62.7 percent of registered voters.
The final outcome [...]
Continue reading " Official confirmation of huge Iceland ‘no’ vote in Icesave referendum "
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