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.