Icenews News Feed

• Iceland central bank holds rates, predicts ongoing economic growth February 8, 2012
  The Central Bank of Iceland has today decided to keep its benchmark interest unchanged this month and has predicted ongoing economic growth, despite international economic turmoil. The interest rate of 4.75 percent will not change this period, despite continuing inflational pressure calling for rate rises. The last rate decision was in December, when the Cen […]
• Continued Malmö violence embarrasses police February 8, 2012
  Police in Malmö, southern Sweden, have admitted that they are “embarrassed and irritated” after a man was murdered and a police station fire bombed, despite a huge drive to combat crime in the area. A man was shot dead in his car at around 21.00 on Tuesday 31st January, while a nearby police station was […]
• Currency exchange privacy case thrown out of Icelandic court February 8, 2012
  The case of Jón Magnússon, a Supreme Court of Iceland barrister and former member of parliament, against the Data Protection Authority of Iceland has been thrown out of the Reykjavík District Court. The given reason was that Jón could not prove that he had a legally significant personal interest in the case. Jón brought the […]
• Sauli Niinistö wins Finland presidential race February 8, 2012
  Sauli Niinistö has been elected Finland’s 12th president, with the landslide win by the National Coalition Party marking an end to 30 years of the Social Democrats’ rein. Sunday’s election saw Niinistö claim 62.6 percent of the vote, leaving him streets ahead of his rival Pekka Haavisto, who secured 37.4 for the Green League. Niinistö […]
• Iceland historic French village restoration finance secured February 7, 2012
  Virðing hf. has, in partnership with other investors, completed a contract for the renovation of historic buildings in Fáskrúðsfjörður; the east Iceland village with strong ties to France. The buildings will be assembled in an area by the sea shore in the village and the project is the biggest project by the heritage preservation company […]