Althingi MP’s might solve one problem this autumn. The Movement’s Margret Tryggvadottir at least seems to be getting to the bottom of a Sudoku puzzle while next year’s budget discussions are taking place.

Not so long ago, Icelanders strutted down the streets of Denmark as if they owned the place. Back then, the Faroe Islands were a mere afterthought. Foroya Bank has just bought 51% in Icelandic insurance company Vordur for 1.1 billion ISK. Different times indeed.

According to the State Broadcastin Channel’s evening news, the Nordic management of Coca Cola Company has threatened Kaupthing with the revoking of the production licence if current owner Thorsteinn M. Jonsson does not keep the company. Thorsteinn who has been a close business partner of Jon Asgeir Johannesson has sat on the boards of several [...]

A spin on a popular ad campaign. Who’s supposed to pay IceSave? Is it you?

The Office of the Special Prosecutor conducted a search at KPMG and PriceWaterhouseCoopers yesterday. Twenty-two people took part in the operation which is supposed to gather information on whether Glitnir, Kaupthing and Landsbankinn knowingly published misleading information about their assets’ worth in annual and quarterly reports. According to Eyjan.is the group that entered KPMG is [...]

Open office spaces used to be all the rage in the last few years but now the editor in chief’s at Morgunbladid are reversing the trend. Whereas Olafur Stephensen and his predecessor Styrmir Gunnarsson did not have their own private office, carpenters have been hard at work building a “cage” for the new editors. What [...]

Economics: The directors, executives, and auditors of four Icelandic banks for demonstrating that tiny banks can be rapidly transformed into huge banks, and vice versa (and for demonstrating that similar things can be done to an entire national economy). The CEO’s of Iceland’s collapsed banks have been honored at the Ig Nobel . This is [...]

Although for a decade or so Iceland had imagined itself to be at the centre of the prosperous world, the crash propelled it back into the remote North Atlantic. Its pride was hurt. Icelanders were conscious that they had been steered incompetently and corruptly into the abyss. Yet the political class showed no remorse. David [...]

This has been a very rough year for Iceland, and it’s not likely to get better anytime soon. The public’s anger continues to grow, and it would not be surprising if this winter sees a repeat of last winter’s uprising. One would hope that we retained a few lessons from this painful debacle, but unfortunately [...]

It does matter how you say things doesn’t it. The Financial Times Alphaville blog has this following snippet on a Deutsche Bank comparison of Iceland and Ireland. That’s Deutsche Bank, to be exact, in a note entitled “Iceland v Ireland: Is the difference really only one letter?” In it, DB is exploring the differences between [...]