(IN BRIEF) Iceland’s state-owned energy company, Landsvirkjun, has partnered with AFRY to develop the country’s first utility-scale wind farm at Búrfell. With a capacity of 120 MW from 28 turbines, the project will utilize the existing hydropower infrastructure to minimize … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Iceland, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, Technology
Tagged AFRY, Balance of Plant, Búrfell wind farm, construction, Enercon, energy capacity, energy system, energy transition, geothermal energy, hydropower, Iceland, Landsvirkjun, Nordic Region, partnership, renewable energy, sustainability, technical advisory services., turbine supplier, utility-scale wind power, wind energy
(IN BRIEF) Landsvirkjun, Iceland’s state-owned energy provider, has partnered with ENERCON to construct the country’s first large-scale wind farm. The project will feature 28 E-138 EP3 turbines, generating 120 MW of capacity across 17 square kilometers in Búrfell, south of … Read the full press release
(IN BRIEF) The newly upgraded QC Scanner MS 2920 is a cutting-edge solution for the salmon processing industry, offering enhanced precision, automation, and efficiency. The scanner provides real-time quality inspection of salmon fillets, identifying defects such as dark spots and … Read the full press release
(IN BRIEF) Marel’s FleXicut Jet is an innovative whitefish processing system designed to enhance efficiency, precision, and yield in the seafood industry. Using advanced water-jet technology, intelligent software, and X-ray detection, the FleXicut Jet automates the trimming and pinbone removal … Read the full press release
Posted in Business, Environment, Financial, Food & Beverage, Iceland, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged FleXicut Jet, Marel, Seafood Processing, sustainability
(IN BRIEF) The European Investment Fund (EIF) has partnered with Arion Bank to provide up to €100 million in new lending to around 40 small and medium-sized enterprises (SMEs) and Small Mid-Caps in Iceland. Backed by the European Commission’s InvestEU … Read the full press release
(IN BRIEF) Euronext and Nord Pool have announced the launch of a new Nordic and Baltic power derivatives market, named Euronext Nord Pool Power Futures. The market will be hosted on Euronext’s Optiq® trading platform and cleared by Euronext Clearing. … Read the full press release
Posted in Belgium, Business, Economy, Energy, Gas & Oil, Environment, Financial, France, Government, Iceland, Industrial, Infrastructure & Utilities, International Trade, Investment, Italy, Management, Netherlands, News, Norway, Portugal
Tagged Baltic Camille Beudin, Euronext, Nord Pool, Nordic, partnership, Power Market, sustainability, Tom Darell
(IN BRIEF) Marel has unified its Retail and Food Service Solutions (RFS) and Fish divisions under the leadership of Jesper Hjortshoj to streamline operations and enhance customer value. Jesper, who has been with Marel for 18 years, will also continue … Read the full press release
Posted in Business, Food & Beverage, Iceland, Industrial, Management, News, Retail
Tagged appointment, Arni Sigurdsson, Fish Divisions, Food Service Solutions, Jesper Hjortshoj, leadership, Marel, Olafur Sigurdarson, retail
(IN BRIEF) Synology has partnered with Gandalf Distribution AB to expand its reach across the Nordic region, including Denmark, Sweden, Norway, Finland, and Iceland. This collaboration will improve the availability and support of Synology’s advanced data management solutions, leveraging Gandalf … Read the full press release
Posted in Business, Denmark, Environment, Financial, Finland, Government, Iceland, Industrial, Investment, Latvia, Management, News, Norway, Sweden, Technology
Tagged Denmark, ELKO, Finland, Gandalf Distribution AB, Iceland, Jeremie Francois, Marcus Tillberg, Norway, partnership, sustainability, Sweden, Synology, Taiwan
(IN BRIEF) The Warsaw Ukrainian School (SzkoUA) receives the prestigious CEB Award for Social Cohesion for its outstanding efforts in integrating refugee children from Ukraine, offering a dual Ukrainian-Polish curriculum and prioritizing mental well-being through access to psychological support. Established … Read the full press release
Posted in Awards, Banks, Business, France, Iceland, Industrial, Management, News, Poland, Politics, Ukraine
Tagged Antonina Michałowska, Awards, CEB, CEB Award, Christos Giakoumopoulos, Oksana Kolesnyk, Poland, refugee children, UKRAINE, Warsaw Ukrainian School
(IN BRIEF) In a significant move to bolster Icelandic small entrepreneurship beyond the capital region, the European Investment Fund (EIF) has inked a guarantee agreement with the Icelandic regional development agency, Byggðastofnun, under the European Commission’s InvestEU initiative. This agreement … Read the full press release
Posted in Banks, Business, Economy, Environment, European Union, Financial, Government, Iceland, Industrial, Investment, Luxembourg, Management, News, Small Business
Tagged Arnar Már Elíasson, Byggðastofnun, EIB, EIF, EU, Iceland, InvestEU programme, Lucie Samcová - Hall Allen, partnership, SMEs, sustainability, Thomas Östros
(IN BRIEF) The Nordic Investment Bank (NIB) has finalized a 15-year USD 50 million investment loan agreement with Iceland’s transmission system operator, Landsnet hf., to support the construction and enhancement of substations, underground cabling, and overhead lines from 2023 to … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Finland, Government, Iceland, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged expansion, Iceland, Landsnet, NIB, partnership, sustainability
(IN BRIEF) Marel has embarked on a pilot project to utilize green steel, produced using renewable energy and recycled materials, in its manufacturing processes to reduce environmental impact. This initiative is part of Marel’s broader strategy to meet its Science-Based … Read the full press release
Posted in Business, Environment, Financial, Finland, Food & Beverage, Government, Iceland, Industrial, Investment, Management, Metals and Minerals, News, Technology
Tagged Arni Sigurdsson, carbon emissions, Finland, green steel, Iris Tryggvadottir, Marel, Olafur Fridriksson, Outokumpu, partnership, Sjoerd van der Heijden, sustainability
(IN BRIEF) Chicken breast meat, preferred for its health benefits and versatility, dominates markets in North America, Europe, and Oceania, with its popularity on the rise due to its ease of preparation and adaptability in various dishes. As consumer preferences … Read the full press release
Posted in Business, Food & Beverage, Iceland, Industrial, Management, Marketing, News, Retail, Technology
Tagged Chicken Breast Meat, global markets, Growing Dominance, Marel
(IN BRIEF) In the realm of food processing, maintaining food safety and quality is paramount, yet contaminants pose a persistent challenge. Marel’s SensorX, introduced in 2007, has been a game-changer in bone inspection, setting the standard for the poultry industry. … Read the full press release
(IN BRIEF) The Council of Europe Development Bank (CEB) has approved 11 new loans totaling €1.3 billion across various countries and sectors. These loans aim to address critical social issues such as microfinance, healthcare, education, and post-disaster reconstruction. Among the … Read the full press release
Posted in Banks, Bosnia and Herzegovina, Business, European Union, Financial, Finland, France, Germany, Iceland, Industrial, Investment, Management, News, Poland, Serbia, Slovakia, Small Business, Society, Spain, Turkey, Ukraine
Tagged Bosnia and Herzegovina, Carlo Monticelli, CEB, Europe, Finland, France, Germany, Iceland, investments, partnership, Poland, SERBIA, Slovakia, Social Sector, Spain, Turkey, UKRAINE
(IN BRIEF) Ms Kolbrún Benediktsdóttir has commenced her tenure as the first Liaison Prosecutor for Iceland at Eurojust, marking a significant step in legal cooperation between Iceland and the European Union. With her appointment, Iceland joins eleven other countries with … Read the full press release
(IN BRIEF) In a significant development, the European Commission has signed an amendment to the InvestEU guarantee with the Nordic Investment Bank (NIB), making NIB the implementing partner for Norway and Iceland. This expansion broadens NIB’s lending capacity under the … Read the full press release
Posted in Banks, Business, European Union, Financial, Finland, Iceland, Industrial, Investment, Management, News, Norway
Tagged André Küüsvek, Denmark, Estonia, Finland, Iceland, InvestEU, Latvia, Lending Capacity, Lithuania, NIB, Norway, partnership, Poland, sustainability, Sweden
(IN BRIEF) The Nordic Investment Bank (NIB) and Icelandic bank Landsbankinn hf. have entered into a new seven-year USD 75 million loan program aimed at financing small and medium-sized enterprises (SMEs) and environmental initiatives in Iceland. The program will provide … Read the full press release
Posted in Banks, Business, Economy, Finland, Government, Iceland, Industrial, Investment, Management, News, Small Business
Tagged environmental projects, Iceland, Landsbankinn, NIB, partnership, SMEs, sustainability
(IN BRIEF) Marel, a leading company in fish processing solutions, reflects on the resilience and innovation seen in the fish processing industry during recent exhibitions. They express excitement and optimism for upcoming exhibitions and highlight their commitment to showcasing innovation, … Read the full press release
(IN BRIEF) Nordic Investment Bank (NIB) and Isavia ohf. have signed a 10-year loan agreement worth EUR 50 million to finance the expansion of Keflavík International Airport in Iceland. The project includes the construction of a new East Wing Terminal, … Read the full press release
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