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Written by Iceland Review
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Friday, 18 May 2012 03:00 |
On Wednesday, 70 years had passed since the convoys of the allied forces in World War II sailed from Hvalfjörður in West Iceland to Russia.
From the center's website.
To commemorate the anniversary, an information center on the allied occupation of the region, Hernámssetur, will open at the community house Hlaðir in the rural region Hvalfjarðarsveit on Saturday.
“I found the history of Hvalfjörður so exciting along with the occupation and the convoys. I’m a manic collector and get a free rein as such at the information center,” the center’s founder, Guðjón Sigmundsson, told Morgunblaðið...
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Last Updated on Friday, 18 May 2012 13:42 |
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Written by icenews.is
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Thursday, 17 May 2012 16:38 |
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 Environmental groups have welcomed the news that Iceland’s lone fin whaler is abandoning the hunt this year. Kristjan Loftsson, who has harpooned 280 of the gentle giants over the past six years, told the local media that he will not be participating in this year’s season.
Loftsson’s commercial whaling activities have put Iceland in Barack Obama’s bad books, with the US president announcing last year that the country could face numerous diplomatic measures if it continued with the cruel practice. Earlier in the year the Pelly Amendment was invoked by US Secretary of Commerce Gary Locke, who co...
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Last Updated on Friday, 18 May 2012 13:28 |
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Written by Iceland Review
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Thursday, 17 May 2012 15:20 |
Sigurður Einarsson, former chairman of the board of Kaupþing, must pay the bank’s estate almost ISK 500 million (USD 3.9 million, EUR 3.1 billion) because of a loan he took to buy stock in Kaupþing, according to a verdict announced at Reykjavík District Court yesterday.
Sigurður Einarsson. Copyright: Icelandic Photo Agency.
The court also confirmed the freezing of Sigurður’s property in Seltjarnarnes, his summerhouse in the rural district Kjós and his 20 percent owner’s share in private limited company Hvítsstaðir, ruv.is reports.
The amount is ten percent of an ISK 5.5 billion (USD 43 nillion..
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Last Updated on Friday, 18 May 2012 13:44 |
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Written by Iceland Review
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Thursday, 17 May 2012 18:00 |
The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to raise the bank’s interest rates by 0.5 percentage points to 5.5 percent, as announced yesterday.
The Central Bank of Iceland. Copyright: Icelandic Photo Agency.
The macroeconomic forecast published in the Central Bank’s Monetary Bulletin yesterday confirms that the recovery that began in late 2010 is continuing and is broad based, a press release from the MPC states.
Domestic demand is quite strong, and the labor and real estate markets are showing clear signs of recovery. Private sector financial conditions...
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Last Updated on Friday, 18 May 2012 13:43 |
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Written by Iceland Review
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Friday, 18 May 2012 13:00 |
The annual Reykjavík Arts Festival begins today with a march from Harpa, the concert and conference center, to Reykjavík City Hall between 12 and 1 pm, to which all are welcome. The formal opening ceremony will take place at Harpa at 6 pm.
Harpa. Photo by Geir Ólafsson.
At the ceremony, the band Retro Stefson will perform and dancers will premiere a routine to the band’s songs, ruv.is reports.
Approximately 500 artists will take part in the almost 50 events held in conjunction with the festival, including Spanish singer Buika, French musician Yann Tiersen, British rocker Bryan Ferry and Russian...
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Last Updated on Friday, 18 May 2012 13:40 |
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Written by Iceland Review
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Thursday, 17 May 2012 14:26 |
 Model, housewife and media magnate Martha Stewart is the “mother of the nation” of the United States. Last week, on May 9, the episode of her famous The Martha Stewart Show was all about Iceland.
Just in case you don't know what I'm talking about, each episode of the Martha Stewart Show includes segments of Martha's field of expertise: cooking, crafting, gardening, interior design and other stuff like that.
I'm a cooking and crafting fan myself and think of myself as an Iceland lover so I eagerly anticipated this very episode.
Martha began the show by greeting the audience sitting on an...
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Last Updated on Friday, 18 May 2012 13:38 |
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Written by Iceland Review
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Thursday, 17 May 2012 13:00 |
Ascension Day is a Christian holiday celebrated 40 days after Easter to commemorate Jesus’ bodily ascension to heaven in the presence of his apostles.
Archive photo by Páll Stefánsson.
Some Icelanders go to church; others relax at home or take part in outdoor recreation. Children are given the day off from school and most workplaces are closed.
According to kirkjan.is, Ascension Day is one of the oldest Christian holidays and marks the beginning of Pentecost or Whitsun. It has been celebrated since 400 AD.
The Bible says Jesus overcame death with his resurrection at Easter and spent 40 days...
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Last Updated on Friday, 18 May 2012 13:33 |
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