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Scandinavia Today / Iceland

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Iceland set for coalition talks after government ousted


Moody's raises Iceland's credit rating

Friday, 08 February 2013
The credit rating agency Moody's on Thursday raised Iceland's credit rating from negative to stable.

Norwegians still have millions in old bank notes stored somewhere though central bank has rejected accepting new exchanges.

Sunday, 06 January 2013
Norwegian 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.

Iceland to become a new oil country as oil contracts are being dished out

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 Iceland.

How the Icelandic crisis made the Icelanders to live healthier

Monday, 30 July 2012
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.

Iceland makes early repayment of its loan to the Nordic countries and the IMF

Friday, 16 March 2012
Iceland’s 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 Thursday, 15 March 2012
Hundreds of forgotten British victims of failed Icelandic bank Landsbanki are on the brink of losing their homes after a four-year legal battle.

Iceland Will Adopt Euro or Other Currency, Prime Minister Says

Sunday, 11 March 2012
Iceland will 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.

Iceland’s GDP growth faster more than ever thought

Thursday, 08 March 2012
Iceland's GDP rose by 1.9 percent in the fourth quarter, compared with the previous quarter.
Compared with 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
As 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

Icelanders want to start using the U.S. dollars as its currency

Sunday, 04 March 2012
To 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 is sensitive.
Iceland sees its credit rating increased
Friday, 17 February 2012
Iceland is gradually coming back to its original position – greatness as credit rating agency, Fitch raises Iceland's credit ratings to BBB-.