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Agreement for issuing prepaid cards using multi-currency eWallet technology...
An agreement has been signed between Valitor, the Iceland-based issuing and acquiring services provider, and Caxton FX for the issuing of prepaid cards using multi-currency eWallet technology within...
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Millions of Finns to enjoy tax refunds
Finland’s tax administration is to pay out more than two billion euros to the country’s taxpayers who paid too much over the course of 2013. Tax authorities in the Nordic country say that 3.3 million...
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Finns opting to spend rather than save
People in Finland are turning their backs on saving and have begun spending more than ever before, according to figures from Statistics Finland. The statistics agency reports that despite the economy’s...
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UK government gets back £1.36bn from Iceland following bank collapse
The British Treasury has recovered a total of £1.36bn from Iceland after the collapse of Landsbanki during the country’s economic crisis, forced a taxpayer bailout for 230,000 British savers. After the...
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Iceland central bank committee to finalise law review by March
A panel looking into the legal framework for Sedlabanki is to deliver its proposals at the start of March, its chairman has announced. Iceland’s government is considering ringing the changes within the...
View ArticleKaupthing bankers jailed for fraud in Iceland
Iceland’s Supreme Court has rejected appeals by four Kaupthing executives and upheld their prison sentences for their part in the country’s 2008 financial crisis. The bank executives have been handed...
View ArticleIceland looks to future with AIIB membership
Iceland can look forward to future opportunities after announcing that it is to be a founding member of the Asian Infrastructure Investment Bank (AIIB), said one of the country’s senior officials. The...
View ArticleIceland’s central bank likely to increase interest rates
Iceland’s central bank has said that it is likely to raise interest rates in June because of higher inflation forecasts and increasing demand, on the back of holding its seven-day deposit rate at 4.5...
View ArticleIceland to lift capital controls
Iceland looks set to end its capital controls following a parliament vote in favour of tightening financial regulations. The Icelandic government has highlighted proposals to release assets worth...
View ArticleIceland’s central bank raises rates
Iceland’s central bank Sedlabanki raised its key interest rates by 50 basis points after ending capital controls and seeing positive domestic demand. The Monetary Policy Committee of Sedlabanki, as...
View ArticleMoody’s upgrades Iceland credit rating
Moody’s Investors Service announced, Monday, that it had moved the country’s credit rating up a notch to Baa2, citing an improved outlook to the economy and credit-worthiness over the next four years....
View ArticleNIB and Byggdastofnun open a loan facility for Icelandic SMEs
The Nordic Investment Bank (NIB) and Byggdastofnun, the Icelandic Regional Development Institute, are launching a new ten-year loan facility totalling EUR 12 million for onlending to small and...
View Article30 Million EUR Credit Line to Iceland’s Economy
The Nordic Investment Bank (NIB) has just announced that it will be cooperating with Iceland’s largest bank, Landsbankinn, to create a five-year loan facility totaling EUR 30 million for the purpose of...
View ArticleUS Investors prepare to indict the Icelandic state
US Investment managers, Eaton Vance and Autonomy Capital, are preparing to have the Icelandic state prosecuted because of their investments. The two funds purchased Icelandic government bonds in the...
View ArticleCurrency restrictions on the Icelandic Krona completely lifted today
From today onwards there will be no limits on currency transactions with the Icelandic Krona. The private sector and institutional investors such as the Icelandic pension funds are now able to invest...
View ArticleIcelanders named in Panama papers buy ISK at a 20% discount
RÚV reports that 21 Icelanders who’s names came up in the notorious Panama papers, purchased large amounts of ISK (Icelandic króna) at a 20% discount through the Central bank’s investment program. The...
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Acting Prime Minister Bjarni Benediktsson Sold Stocks in Glitnir Bank Hours...
Bjarni Benediktsson leader of the Independence Party and acting Prime Minister. New research made by newspapers Stundin and The Guardian, and Reykjavik Media shows that Bjarni Benediktsson, acting...
View ArticleAwarding Destination Iceland campaign to M&C Saatchi UK leads to a lawsuit
In Iceland, like elsewhere, authorities have reacted in diverse ways to the negative economic impact of COVID-19. Amongst projects included in the government’s a stimulus packages aimed at protecting...
View ArticleIceland’s central bank likely to increase interest rates
Iceland’s central bank has said that it is likely to raise interest rates in June because of higher inflation forecasts and increasing demand, on the back of holding its seven-day deposit rate at 4.5...
View ArticleIceland to lift capital controls
Iceland looks set to end its capital controls following a parliament vote in favour of tightening financial regulations. The Icelandic government has highlighted proposals to release assets worth...
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