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Scandinavia Today / Iceland
Friday, 08 February 2013
The credit rating agency Moody's on Thursday raised Iceland's credit rating from negative to stable.
Sunday, 06 January 2013
banknotes worth an equivalent to Skr638 million is reported to still
being kept somewhere unredeemed or unswapped to newer notes after they
were taken out of service at the end of last year.
Saturday, 29 December 2012
For the first
time ever, the Norwegian government is staring to drill for oil outside
Norway. This has pushed them to start drilling in the Icelandic marine
base near the Norwegian archipelago of Jan Mayen Island, northeast of
Monday, 30 July
As Iceland fell
into financial crisis in 2008, its people automatically changed their
ways of living to a more healthy living. A new study according to media
reports show that crisis-hit Icelanders had to cut back on alcohol,
sugar and fast foods to instead, sleep and exercise more.
remarkable economic turn around continue and the island country has now
decided to repay some of its loans earlier that previously scheduled.
This has to do with the repayment of its loan of Ikr116 billion or some
Skr6.2 billion to the IMF and its Nordic neighbours.
British Expats in Spain fight to
keep home after losing life savings to Icelandic bank's Icesave scheme
forgotten British victims of failed Icelandic bank Landsbanki are on
the brink of losing their homes after a four-year legal battle.
either adopt the euro after joining the European Union or drop the
krona and unilaterally adopt another currency as “the situation can’t
remain unchanged,” said Prime Minister Johanna Sigurdardottir.
rose by 1.9 percent in the fourth quarter, compared with the previous
the corresponding quarter last year, GDP rose 2.7 percent.
Iceland's former Governor criticizes
Geir Haarde in first witness hearing but not very damaging
Tuesday, 06 March 2012
the case against the Icelandic former Prime Minister, Geir Haarde,
opens in earnest, one of the first witnesses called to the stands says
that the Prime Minister would have listen to him more. He is the former
governor of the central banks of Iceland
pay for coffee at a diner in Reykjavik, the capital of Iceland with the
dollars could become a reality in the nearest future. We have
found out that there is a serious discussion on that Iceland wants to
adopt the dollar - the Canadian dollar. But reports hold that the issue
its credit rating increased
is gradually coming back to its original position – greatness as credit
rating agency, Fitch raises Iceland's credit ratings to BBB-.