Monday, May 31, 2010

Icelandic police protest pay contract delay

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alþingiAround 100 police officers gathered to protest outside the Icelandic parliament today to draw attention to the fact that their collective wage contract ran out a year ago.



According to RUV the police officers arrived to the protest with a birthday cake in celebration of the contract’s anniversary.

It was their intention to give the cake to Finance Minister Steingrimur J. Sigfusson; but a parliamentary guard took reception of the confection on his behalf.

Related Posts: Politicians' pride angers man on street in Reykjavik Reykjavik riots: tear gas from police point of view Protesters return to Reykjavik streets Protests in Iceland Man dies in Reykjavik

Iceland’s biggest municipalities vote for change

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Iceland-Referendum02The council majorities in Reykjavik, Kopavogur, Hafnarfjordur and Akureyri all fell at yesterday’s local elections – Prime Minister Johanna Sigurdardottir described it as a boundary shift in Icelandic politics.

In Reykjavik the brand new Best Party – headed up by comedians and musicians with no political experience – got 35 percent of the vote and six councillors. The Independence Party received 34 percent of votes and have five councillors, down two. The Social Democrats lost one councillor and now have three from 20 percent of votes. The Left Green Movement received seven percent of votes and get one councillor down

Saturday, May 29, 2010

Landsbanki law suit could see Icesave payout cut to 30 percent

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landsbanki2A group of international banks has filed a legal challenge against the Landsbanki dissolution committee claiming that they should be treated as priority claimants. If they win, only 30-35 percent of the bank’s assets will go to pay Icesave.

According to Old Landsbanki, Iceland’s emergency banking laws allow the bank to classify the Dutch and British depositors’ insurance funds as priority claimants; but other creditors to the bankrupt bank, including big banks and bondholders, have decided to challenge the decision in court under Iceland’s bankruptcy laws.



It is clear that if the Reykjavik District Court finds in favour of the

Friday, May 28, 2010

Finland to save cash with larger day care centres

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finnishflags1Local governments across Finland are to save money by closing dozens of small day care centres and relocating children to larger, more cost-efficient units.

The move has come under scrutiny from the Finnish Association of Kindergarten Teachers which argues that there should be a cap on class sizes. “In my opinion, any daycare centre with more than a hundred children is too large. One must take into consideration that each centre’s director has to be able to have the possibility to act as a hands-on supervisor,” said Anne Liinola, the Association's chair.



The City of Espoo on the outskirts of

Thursday, May 27, 2010

Second Eurovision semifinal tonight

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eurovision-norway-little2Denmark and Sweden will both compete in the second semi final of the Eurovision Song Contest in Oslo this evening. Ten of the 17 participants will go through to Saturday's final.

The dress rehearsal for the show took place yesterday in front of a limited crowd of journalists and VIP pass holders.

Denmark's entry, fronted by Chanee & N’evergreen, is heavy on stage effects including a transparent wall which, when removed, allows the singers to hold hands.



Sweden’s entry – This is my Life by Anna Bergendahl – has no stage effects at all and features just the singer, her

Wednesday, May 26, 2010

South Iceland earthquake compensation

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iceland-sattelite22The Arborg municipality has been awarded ISK 392 million (USD 3 million) in compensation for the large earthquake in spring 2008.



The earthquake in spring 2008 measured 6.3 on the Richter scale and caused extensive damage, although no serious injury or loss of human life.

ISK 270 million comes from infrastructure insurance to compensate the municipality for repairs to property, sewers and hot and cold water mains. ISK 100 million comes from the central government and some ISK 30 million from the civil emergencies fund.

Related Posts: Breaking News: Earthquake hits Reykjavik, Iceland RMS releases report on Iceland's quake Large earthquake hits Iceland

Tuesday, May 25, 2010

Iceland Volcano News gets foreign media attention

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eyjafallajokull76Foreign media, including BBC News and Sky News, are being inspired by Iceland in spreading the huge news of the Eyjafallajokull volcano starting to cool down. This kind of exposure is a reassuring boost for tourism in Iceland, as travellers are now being made aware of how safe the country really is, as well as the unrestricted flights to Iceland.



This exposure in the news and Iceland's search volume online has seen its greatest rise over the past few months, with a total increase of 800 percent global search volume – much higher the period during the banking crisis in

Faroe Islanders dying from rare genetic disease

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doctor1Residents of the Faroe Islands are suffering in far greater numbers from rare genetic illnesses than the rest of the world, according to new research.

The uncommon genetic failure, known as Carnitine Transporter Deficiency (CTD), typically affects one in every 50,000–100,000 people; in Denmark, just two people have been diagnosed with the illness in the past 30 years. However, health authorities on the Faroe Islands have uncovered the condition in around 100 residents over the past few months.

People who suffer from CTD lack carnitine – a natural substance produced by the body to process fat in cells. Without

Monday, May 24, 2010

Breaking News: Activity in the Eyjafjallajokull volcano has stopped

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iceland-sattelite21"Heat seeking pictures show that the there is no activity in the volcano," says Magnus Tumi Gudmundsson, Professor of Geophysics. He flew over the volcano today to do research into the activity of the Eyjafjallajokull Volcano. It looks like this small but infamous volcano has stopped spewing ash, and may not be starting again.



"Heat seeking pictures are not showing more than 100 degrees Celsius and that tells us that the crater of the Eyjafjallajokull volcano has no activity."

This comes as great news to the Icelandic tourism sector, and for those flying to Iceland with airlines like Icelandair things

Sunday, May 23, 2010

Be there gold in them there Icelandic hills?

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iceland-sattelite21The Australian gold mining company, Platina Resources has applied for permission to search for gold and other metals in East Iceland.

Larus Olafsson, a lawyer for the Energy Agency of Iceland, told Visir.is that Platina Resources first made contact a year ago and communications have now progressed to the point where the Australians decided to apply for an exploration permit.

Larus Olafsson explained that the company has gold operations in progress in Greenland and has therefore been in close contact with Iceland for goods and services.



“In the lead up to this requested varied information from us concerning the possibility

Friday, May 21, 2010

Stephen Fry and Viggo Mortensen support ‘Inspired by Iceland’

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Stephen Fry 'Inspired by Iceland'Danish actor, Viggo Mortensen and British writer and comedian, Stephen Fry with other world renowned "friends of Iceland" are supporting the 700 million krona (450 million Euros) promotional campaign 'Inspired by Iceland' that was announced at a tourism conference earlier this month.

The new campaign is specifically intended to improve the image of Iceland after the negative media attention the country gained throughout the volcanic eruption at Eyjafjallajokull. The campaign will show that the real situation in Iceland is actually safe and will encourage people to come and visit the country.



Stephen Fry 'Tweeted' on his Twitter page through

Thursday, May 20, 2010

Iceland travel safety information website launched for tourists

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safe-travel-iceland55The safety information website for travel in Iceland, www.safetravel.is, was launched by the Icelandic Association for Search and Rescue (Slysavarnafélagið Landsbjörg). The website aims to provide tourists and locals alike with as much information as possible to ensure a safe and pleasant trip whilst travelling around Iceland.

The website is featured in six different languages; English, Spanish, Italian, French, German and Icelandic. It provides detailed information covering every situation or activity that one might encounter whilst on holiday in Iceland, this includes what to look out for and also how to react in case of an actual real emergency.



Eyjafjallajokull to become as popular as Mount Vesuvius?

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Eyjafjallajokull_base38Will Iceland's Eyjafjallajokull become as popular with tourists as Mount Vesuvius? Maybe it will according to travel writer Simon Calder during an event held by Icelandair in Reykjavik today; an idea to bring positive media attention to the country and potentially getting people to be 'inspired by Iceland.

During the event titled 'Iceland: The Greatest Show on Earth' Simon Calder pointed out that the ongoing Eyjafjallajokull volcanic eruption could potentially turn into a greatly sought-after tourist attraction, similar to that of Mount Vesuvius in Italy and other popular volcano sites. Simon also mentioned that Eyjafjallajokull had claimed the media spotlight

Tuesday, May 18, 2010

Affordable restaurants in Reykjavik on the rise

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domo35Despite the recent economical problems, affordable restaurants have been on the rise throughout Iceland, offering the public cheap meals during these times of hardship.

One of Iceland's most popular affordable restaurants is Domo, located in downtown Reykjavik. Since Domo opening its doors in 2006, the restaurant has been sought-after amongst both locals and food critics for its expertise and welcoming dinning environment. Domo was even ranked in online magazine foodandwine.com's 'Go List' as one of the top European restaurants to dine during 2008.



Furthermore, Domo has been crowned as the "kitchen without boundaries", serving a variety of pure Icelandic sushi,

Monday, May 17, 2010

Eva Joly defends Iceland banking arrests

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jolyEva Joly, adviser to Iceland’s Special Prosecutor for the banking crisis, believes the investigation can be completed within four years, if the office is provided with 80 staff members. With a smaller team, the investigation will take longer, she told RUV.

Joly said she is happy with the progress of the investigation so far and answered critics’ questions about the legality of the recent arrests robustly.

Eva Joly said that the arrests and interrogations over recent days came at the correct time. Critics’ claims that the actions were only taken to appease public demands for action do not stand up

Icelandair changes flight times to accommodate ash

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icelandair-littleIcelandair has announced it is to change flights tomorrow to accommodate the possible closure of Keflavik International Airport due to volcanic ash from Eyjafjallajokull. The status of flights to and from the UK remains uncertain.



Icelandair departures to Copenhagen, Oslo, Stockholm, Helsinki, London, Manchester/Glasgow, Frankfurt, Amsterdam and Paris tomorrow morning have all been moved to 05.00. The FI212 midday flight to Copenhagen has been moved forward to 09.00.

Further information is available on www.icelandair.com and passengers are advised to check the site regularly. The changes to the Icelandair schedule are a precautionary measure only, and Keflavik Airport is not guaranteed

Sunday, May 16, 2010

Iceland volcanic ash update

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} {href=http://www.icenews.is/wp-content/uploads/2010/05/eyjafjall3-little.jpg}]eyjafjall3-little Flights in Iceland are running to a nearly normal schedule. The ash cloud has never been better seen from Reykjavik. UK authorities warn of possible airport closures tomorrow.

The ash cloud from the Eyjafjallajokull eruption is extremely active at the moment and has never been as visible from the Icelandic capital, Reykjavik, according to University of Iceland geophysicist, Magnus Tumi Gudmundsson. The ash is, however, not affecting domestic or international flights in and around Iceland as it has been doing over recent days.



All international and domestic flights have been running as normal today – with the exception of to and from the Westman Islands – and the situation is not predicted to change soon. Air Iceland has pencilled in a flight to the Westman Islands

Friday, May 14, 2010

Volcanic ash falls on Reykjavik, citizens fail to notice

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Ash from the Eyjafjallajokull volcanic eruption is now falling on Reykjavik, Iceland’s capital city – including on the Icelandic Met Office. City life is unaffected and people are checking their computer screens and televisions more than the sky.

After massive amounts of ash fall near the volcano last night, during which several families decided to evacuate, the ash moved and started falling on Fljotshlid in much greater quantities than previously. A wide portion of South Iceland was also affected, including the towns of Hella and Hvolsvollur. The ash has now reached Reykjavik.



The effects of the ash in the city

Thursday, May 13, 2010

Ascension Day holiday

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religionToday is Ascension Day in Western Christianity and is celebrated as a public holiday in the Nordic region.

All the Nordic countries, except Finland, celebrate the 40th and final day of Easter as a public holiday.



Ascension Day always falls on a Thursday and is symbolic of Jesus’s ascension to heaven after his resurrection. He was witnessed ascending to heaven by 11 apostles where he now sits at the right hand of God.

There is a Lutheran state church in most of the Nordic countries and the region is unusual in Europe due to the number of religious holidays it

Wednesday, May 12, 2010

Glitnir joins Kaupthing as Icelandic bankers come under further scrutiny

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glitnir-logoGlitnir Bank’s dissolution committee members today described what they called the robbery from within of the bank by Jon Asgeir Johannesson and his “clique”. Seven have already been served by a New York court and more will likely follow.

Glitnir Bank’s dissolution committee held a press conference today where details were given of the subpoenas issued in New York to seven former bosses and investors in the bank. Glitnir is also suing PricewaterhouseCoopers, RUV reports.

Iceland has already frozen the assets of Jon Asgeir Johannesson, Palmi Haraldsson and Thorsteinn M. Jonsson and a London court has ordered the freezing order

Yet another day of Iceland banking arrests

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kaupþing2Ingolfur Helgason, the former Director of Kaupthing Iceland, and Steingrimur Karason, former CEO of the bank’s risk management department, were both arrested today upon arriving back in Iceland. They went straight to interrogation with the Special Prosecutor and are being held in police cells.



Helgason and Karason were both very near the top of the Kaupthing chain-of-command and worked closely with former Director, Hreidar Mar Sigurdsson and Sigurdur Einarsson, the former Chairman of the Board. It is not yet known whether the Special Prosecutor will allow the pair to be released, or if he will request that the Reykjavik District

Monday, May 10, 2010

Iceland “needs new prison” for white collar criminals

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glitlandsthingThe high fines meted out to high-profile white collar criminals are seldom affordable. If they cannot be paid, the criminals can serve a prison sentence instead. Iceland’s prisons are full, however and it would therefore be likely that community service would be the sentence instead. A bad idea, the National Audit Office says.



According to Iceland’s National Audit Office, community service is a softer option and it is therefore important to build a new prison to ensure that there is room for everyone convicted in the wake of the country’s banking collapse. There should also not be the option to

South Iceland football team celebrating under volcano’s gaze

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KFR-littleThe icelandic VISA Cup got fired up yesterday as KFR from Hvolsvollur played against Arborg only 30 kilometres away from the fiery volcano of Eyjafjallajokull.

KFR at their home ground were as powerful as the volcano and steamrolled Arborg’s defence and ended up scoring five goals against only three and are therefore through to the next round.



KFR is a 3rd division club in Iceland and will play seven home games this summer at Hvolsvollur under the constant threat of ash falling into the ground. If the winds change from westerly to easterly, it can literally prove a game-changer. It

Saturday, May 8, 2010

Chairman of Kaupthing board keeping silent

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kaupþingSigurdur Einarsson, the former Chair of the Board at Kaupthing Bank, has not answered the Special Prosecutor’s request to return to Iceland quickly in connection with the arrests of two other senior bank fiugures.

No information is available on when Einarsson will return to Iceland.



Einarsson began at the bank in 1994, was its CEO in 1997 and Chiarman of the Board between 2003 and 2008. He is described by some as the architect of Kaupthing’s breakneck expansion. Einarsson has been living in London for a while, Visir.is reports.

Sigurdur Einarsson has been invited to an interview with the Special

Friday, May 7, 2010

Iceland arrests another Kaupthing boss

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gavelMagnus Gudmundsson, the former head of Kaupthing Bank in Luxembourg and the current head of Banque Havilland, has also been arrested in connection to the Icelandic Special Prosecutor’s investigation into the banking collapse.



Former Kaupthing CEO Hreidar Mar Sigurdsson was also arrested yesterday.

Magnus Gudmundsson worked for Kaupthing for many years and was a close friend and ally of Hreidar Mar Sigurdsson and former Chair of the Board, Sugurdur Einarsson.

According to Visir.is, both South Iceland prisons are full, meaning that the Kaupthing pair were held at a police station overnight, pending their bail hearing today.

Related Posts: Former Kaupthing bank

Thursday, May 6, 2010

Iceland volcano entering new phase

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eyjafjall2-little1The gas cloud from South Iceland’s Eyjafjallajokull volcanic eruption reached a height of ten kilometres yesterday evening before settling back to six kilometres. Gunnar Gudjonsson at the Icelandic Meteorological Office told Visir.is that the volcano is producing large amounts of ash again and the cloud is darker than in previous days.



The wind is mostly blowing the ash southeast, which could have an effect on aviation in Ireland, Wales and western England, Gudjonsson says. Over a dozen small earthquakes were registered at the volcano yesterday, but they stopped around 02.00 and none was over 2 on the Richter Scale.

Gudjonsson

Wednesday, May 5, 2010

Icelanders turn Greek

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A rally is about to take place this afternoon in Reykjavik in support of Greece and to protest the massive austerity package Greeks are being forced to accept.



The rally is organised by the left wing activism group, Attac Iceland and a statement says that the “So called IMF and EU help to Greece is a serious attack on the rights of ordinary Greeks that will result in redundancies, reduced wages, cuts to public services and higher taxes.

Supporters are invited to assemble at Arnarholl hill in central Reykjavik today at 16.00 GMT

Related Posts: "Not our responsibility": Reykjavik protest speaker The

Tuesday, May 4, 2010

Inspired by Iceland at Keflavik International Airport

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inspired_by_iceland76Travellers passing through Keflavik International Airport can now stop and be inspired by Iceland from the specialist Icelandic products on sale within the airport's shopping area.

Amongst the goods available in Keflavik airport's shopping area are sealed packets of dried fish, Icelandic alcoholic beverages and soft drinks, confectionery items and most famously, Brennivin. Brennivin, otherwise known as black death, is Icelandic Schnapps traditionally served with rotten shark meat.

In total, Keflavik International Airport holds around eighteen duty-free shops in its excellent shopping area. Popular brands and unique Icelandic designs can all be found at incredible prices, some even 50 percent

Monday, May 3, 2010

Summer flight schedule preparations in Iceland after volcano closures

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Keflavik Airport, IcelandKeflavik International Airport is making preparations for the extra flight schedules that will commence over the following summer months in time for the influx of travellers to Iceland. Airport staff has remained focused and positive throughout the past month after the airport was forced to close for a few days due to ash clouds from the volcanic eruption at Eyjafjallajokull.

The airport aims to continue its high standard of service after it was crowned as the 'Best Airport in Europe' by Airports Council International. Keflavik airport was highly commended for its overall passenger satisfaction in regards to courtesy and

Icelandair operates special flights to Glasgow

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IcelandairOne of first airlines to fly into Glasgow with school groups whose return flights from Iceland had been cancelled due to volcanic eruption.

Icelandair is to be one of the first airlines flying into the UK following the countrywide grounding of flights due to the volcanic eruption in Iceland. Three special flights on the company's Boeing 757 aircraft will be operated today, Friday 16th April, from Keflavik International to Glasgow airport. The first two, FI 430 and FI 432 are estimated to arrive in Glasgow at 17:05. The third, FI 434 is estimated to arrive at 19:05.