The Icesave issue has been discussed more than once by the Paris Club, an organisation more used to talking about the debt problems of third world nations. Individual financial officials in the ‘club’ expressed their deep concern that Iceland’s hard stance could set an unwelcome precedent.
The Paris Club is an informal association of economic officials [...]

Continue reading " Icesave causing Paris Club headaches "

Copyright holders have abandoned their legal battle to force the Norwegian Internet service provider Telenor into blocking the well-know file sharing website The Pirate Bay, according to one of the involved parties.
The Norwegian performing rights society, TONO, led the copyright holder bid along with the International Federation of the Phonographic Industry (IFPI) Norway. The bid [...]

Continue reading " Pirate Bay blockade dropped by Norwegian copyright holders "

Bilabud Benna, a Reykjavik car dealership, is today showcasing the brand new Porsche 911 Sport Classic.
Only 250 of the new 911 are being made and one of them is on show in Iceland at the Bilabud Benna premises on Vagnhofdi.
The Porsche 911 Sport Classic is a Porsche enthusiast’s dream, with a concerted effort to concentrate [...]

Continue reading " Icelandic car company dreaming the recession away "

Jon Asgeir Johannesson, the former boss of now-bankrupt Baugur Group is preparing to open a three-store chain of low cost supermarkets in London.
The stores are going to be called Best Price. According to Vidskiptabladid, a search is underway to find suitable retail space for the shops.
The paper states that the idea is to build the [...]

Continue reading " Icelandic Bonus boss to open supermarkets in the UK? "

(Updated) Sabotage was the reason for the loss of power to a microwave communications centre in Reykjavik early Thursday morning.
Two important cables were cut to satellite receivers at the Icelandic Meteorological Office using three gas bombs, one of which failed to go off. The explosions and subsequent fire caused domestic digital-to-aerial television services to cut [...]

Continue reading " Vandals cause Icelandic telelvison blackout "

A bill has been introduced by the Icelandic government aimed at helping the country’s householders and reducing the stockpile of repossessed housing currently in possession of the Housing Finance Fund.
A new buying/rental system will be established at Iceland’s Housing Finance Fund as a means of getting rid of repossessed properties in its possession.
People’s renting and [...]

Continue reading " Icelandic government says it wants to help homeowners "

28 cases of organisations breaking Iceland’s strict temporary currency restrictions have been sent to the FME financial regulator, according to Minister for Economic Affairs Gylfi Magnusson.
Magnusson made his statement in response to a parliamentary question from Independence Party MP Asbjorn Ottarsson. Ottarsson asked what practical action the government is taking to persue those who break [...]

Continue reading " Iceland currency exchange restrictions lead to 28 legal cases "

The British and Dutch authorities are ready to continue negotiation of a payment solution with Iceland to the Icesave issue which still rumbles on.
According to Reuters, Icelandic and Dutch finance ministers Steingrimur J. Sigfusson and Jan Kees de Jager spoke late last week. Their joint conclusion was that Iceland should take the next step in [...]

Continue reading " UK and NL waiting for Iceland’s next Icesave move "

A Danish man has local authorities near the town of Kokkedal bemused and somewhat amused after reports that an apparent fetishist has been approaching a number of females in the area and asking them if they wouldn’t mind breaking wind on him.
The local area pervert has left many residents and police in north Zealand in [...]

Continue reading " Danish females targeted by flatulence fetishist "

The Council of Europe’s European Committee for the Prevention of Torture and Inhuman or Degrading Treatment or Punishment (CPT) elected last week its new Bureau.
For the third time, the CPT entrusted its presidency to Mauro Palma, an Italian specialist on prison issues.
Pétur Hauksson, an Icelandic psychiatrist, has been elected as the CPT’s 1st Vice-President. Previously, [...]

Continue reading " Icelandic psychiatrist voted vice chair of Europe torture committee "