The Central Bank of Iceland has now issued new interest rate of 18 percent. For Icelandic economy this might mean further troubles for businesses which are already in trouble because of high dept, partly because of foreign dept and currency crisis.
Filed under: Uncategorized | Tags: Fish, fish and chips, Iceland, Shortage
Yesterday our international air port (Keflavik) was closed due to bad weather. Air planes were diverted to Akureyri (in north) and Egilsstadir (in East).
Now the weater is getting back to normal, and plains are coming back to the Keflavik airport.
The international journalists’ body, Reporters Sans Frontieres has published its annual report on global press freedom, The Guardian reports.
Iceland, Luxembourg and Norway jointly top the list of 173 countries, which takes into account different factors including freedom of speech, treatment of journalists and media ownership.
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Iceland’s Industry Minister said the government is “very close” to agreeing on a rescue plan with the
The fund is finalizing a plan to present to the government, which is also seeking a loan from Russia, Oessur Skarphedinsson said by telephone from Reykjavik today. The Financial Times and New York Times reported that the rescue will be worth $6 billion.
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Finacial Times state that $ 6 bn from IMF and more.
People with knowledge of the talks between Iceland and the IMF said the IMF is expected to contribute just over $1bn with central banks from the Nordic region and Japan contributing the rest. It is unknown whether Russia will participate in the rescue plan.
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This icelandic news states that the Icelandic Minister of Buissness affair was in UK over one month ago to talk to Alistair Darling about Icesave. When did Darling know about the situation?
