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Written by Iceland Review   
Tuesday, 03 April 2012 14:00

palli-dl "...mankind’s last real vacation paradise."

These are Huang Nubo’s own words about Grímsstaðir á Fjöllum, a farm in the desolated highland plateau of northeast Iceland, which is featured in the latest issue of the print edition of Iceland Review, which just came out.

Do you need 300 square kilometers of land to build a 120-room hotel? The Chinese businessman thinks so. He wants to buy the place.

Manhattan Island in New York City is 60 square kilometers (five times smaller) and more than two million people live there.

The city island of Macao is ten times smaller than Grímsstaðir á Fjöllum but...

Last Updated on Wednesday, 04 April 2012 10:31
 
Icelanders to Seek Oil in Dragon Zone PDF Print E-mail
Written by Iceland Review   
Tuesday, 03 April 2012 14:00

Three Icelandic companies have been founded specifically for oil exploration in the so-called Dragon Zone, off Iceland’s northeastern coast between Iceland and Jan Mayen, Norway, and have applied for permits at the National Energy Authority to that effect.

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A gas station in Iceland. Archive photo by Páll Kjartansson.

At 4 pm yesterday the National Energy Authority was closed for further applications for oil exploration in the area, visir.is reports.

Director of Energy Guðni A. Jóhannesson declared this to be a very satisfying outcome. “And it exceeds our brightest hopes,” he said, adding that...

Last Updated on Wednesday, 04 April 2012 10:29
 
Easter Egg Hunt in Iceland’s Slopes PDF Print E-mail
Written by Iceland Review   
Tuesday, 03 April 2012 11:00

The weather outlook for the Easter holidays in Iceland is good and ski resorts around the country will be open. Programs include toboggan and sleigh races, snowboard shows and Easter egg hunts in the slopes of Hlíðarfjall, Akureyri, and Oddsskarð, Neskaupstaður.

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Skiing in Iceland. Photo by Páll Stefánsson.

“It is very important to us to have people come ski during Easter and to properly say goodbye to the season before they start tending to the duties of spring,” Magnús Árnason, managing director of the ski resorts in Bláfjöll, outside Reykjavík, told Morgunblaðið...

Last Updated on Wednesday, 04 April 2012 10:28
 
Black’s Game Popular in Iceland PDF Print E-mail
Written by Iceland Review   
Tuesday, 03 April 2012 03:30

svartur_a_leik_poster The Icelandic thriller Black’s Game (original title: Svartur á leik), based on a book by Stefán Máni, has proven extremely popular among cinema goers in Iceland; approximately 50,000 people have seen the movie since its premiere early last month.

With income of ISK 63 million (USD 497,000, EUR 372,000), Black’s Game has become the fourth highest-earning Icelandic movie ever made, Morgunblaðið reports.

Due to great demand, the critically-acclaimed movie starring Þorvaldur Davíð Kristjánsson, which features the Reykjavík underworld in 1999, will be screened in cinemas all around the country in

...

Last Updated on Tuesday, 03 April 2012 06:47
 
Ministry of Finance Presents Second Debt Strategy PDF Print E-mail
Written by Iceland Review   
Monday, 02 April 2012 23:30

The Icelandic Ministry of Finance has released today the Treasury’s Medium Term Debt Management Strategy for 2012-2015, which sets forth the government’s plans for debt financing plans for the specified period.

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Copyright: Icelandic Photo Agency.

It provides a description of the composition of the debt portfolio, inherent risk factors and contingent liabilities. The institutional structure regarding debt management is also described, as stated in a press release from the ministry.

The strategy is now published for the second time and includes two changes to objectives and guidelines for debt...

Last Updated on Tuesday, 03 April 2012 06:46
 
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