Tag Archives: Iceland

Breaking Ground: InvestEU Programme Launches in Iceland with Byggðastofnun Guarantee Pact

(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

NIB Funds Landsnet’s Green Transmission Network Expansion in Iceland

(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

CEB Approves €1.3 Billion in Loans Across Europe for Social Sector Investments

(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

Eurojust Welcomes Iceland’s Inaugural Liaison Prosecutor, Strengthening Transnational Legal Partnerships

(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

NIB Becomes InvestEU Implementing Partner for Norway and Iceland, Expanding Lending Capacity

(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

NIB and Landsbankinn Sign USD 75 Million Loan Program to Boost SMEs and Environmental Projects in Iceland

(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

Iceland’s Keflavík Airport to Expand with EUR 50 Million Loan from NIB

(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

Icelandic energy company RARIK to replace overhead lines with underground cables using €20m Nordic Investment Bank loan

(IN BRIEF) The Nordic Investment Bank has signed a €20 million loan agreement with Icelandic energy company RARIK to replace overhead electricity lines with underground cables. This will improve security of electricity supply in both rural and urban areas of … Read the full press release

Marel: Curio Filleting Platform expands fish processing capabilities

(PRESS RELEASE) GARDABAER, Iceland, 31-Jan-2022 — /EuropaWire/ — Marel (ICE: MAREL), an Iceland based multinational food processing company, has announced that Curio, in which Marel owns a 50% stake, unveiled expanded fish processing capabilities of its dynamic Curio Filleting Platform … Read the full press release

Orkla strengthens position in Iceland with the acquisition of 20% stake in Nói Siríus

(PRESS RELEASE) OSLO, 23-Aug-2019 — /EuropaWire/ — Orkla ASA acquires 20% of Iceland’s leading chocolate and confectionery manufacturer, Nói-Siríus HF (“Nói Siríus”). Nói Siríus, a market leader in Iceland, is popular for its chocolate brands such as Síríus, Nóa Konfekt, … Read the full press release

Ericsson and Síminn to accelerate transition towards 5G and IoT in Iceland

(PRESS RELEASE) STOCKHOLM, 2-May-2019 — /EuropaWire/ — Ericsson and Síminn (Iceland Telecom) team up to accelerate the move towards 5G through a core network and radio access modernization partnership. Síminn will modernize and expand its radio network and continue to … Read the full press release

Anti-rating: No leap of faith here: 15 countries with restrictions on cryptocurrency transactions

Worldcore, an international company that specializes in payment transactions and serves over 300,000 clients in 47 countries, has comprised its own rating of 15 countries where you may encounter problems with cryptocurrency transactions or mining. PRAGUE, 10-May-2018 — /EuropaWire/ — … Read the full press release

WEF’s Global Gender Gap Report 2013: Iceland, Finland, Norway and Sweden with the narrowest gender gap in the world

The Global Gender Gap Report 2013 finds 86 out of 133 countries improved their global gender gap between 2012 and 2013, with the area of political participation seeing the greatest progress Iceland has the narrowest gender gap in the world, followed … Read the full press release