The local sports club Völsungur has received a grant from the Ministry of Education and Culture for their project to set up two beach volleyball pitches in Húsavík. The two volleyball pitches were set up last year. The Ministry granted the sports club half a million króna. According to Kjartan Páll Þórarinsson, …
Norðurþing municipality hosts a meeting for parents and guardians of youth in the municipality to discuss drug abuse and ways of prevention. The meeting takes place in FSH tonight at 7.30 PM. The Akureyri Investigative Police force will take place and the floor will be open for discussions and questions at …
European airplane manufacturer Airbus has signed a deal this week to sell 300 Airbus aircraft to China Aviation Supplies Holding Company, including 290 A320 planes and 10 A350, French presidency Emmanuel Macron has said in a press statement. The deal is worth about 30 billion Euros at catalog prices, …
Sigurður Ingi Jóhannsson, minister of Transportation and Local Government, Páll Jóhann Pálsson, chairman of the Telecommunications Fund of Iceland, and local representatives, today signed agreements on co-sponsorship from the Telecommunications fund and regional grants from the Ministry of Transportation to build a network of fiber-optic in rural areas in …
Icelandic budget airline WOW air has entered into advance discussions with bond holders and creditors about converting debt into equity, according to a press release issued by the airline last night. “A majority of WOW air Bond Holders and other creditors of WOW air are in advance discussions with …
Almost all WOW air flights are on on schedule today as the CEO and founder Skúli Mogensen tries to save the airline from bankruptcy, following the dissolution of negotiations with Icelandair Group yesterday. All WOW air flights from Iceland today were on scheduled this morning except the flight to …
The proposed two-day strikes of labor unions Efling and VR could cost tourism companies in Iceland up to half a billion króna, according to Jóhannes Þór Skúlason, director of the Icelandic Tourism Association. A new round of strikes has been announced for next Thursday, when employees of hotels and bus …
Shares in Icelandair Group rose by 5,8 percent yesterday, after the company announced that it had again started negotiations to acquire the Iceladic budget airline WOW air. The American private equity firm Indigo Partners, which has a controlling interest in the American Frontier Airlines and Chilean low-cost start-up JetSmart, …
The proposed investment of Indigo Partners in Icelandic budget airline WOW air has been cancelled. The talks started after WOW air ran into financial difficulties last year. All negotiations between WOW air and Indigo Partners have been cancelled, and WOW air has subsequently started another round of discussions with …
Statistics Iceland has published the annual population number updates for January 1 of 2019. According to SI, the population of the northeastern region Þingeyjarsýsla has fallen from 5320 in 2018 to 5088 this year. This year’s number is though higher than all years prior to 2018 when looking at …
