CDB and Invest in Iceland will define investment oppportunities in Iceland and encourage mutual investments according to a Memorandum of Understanding between Promote Iceland and CDB signed today in the presence of the prime ministers of China and Iceland.

Landsvirkjun, Iceland's national power company, has ambitious plans to power 1% of Europe's data center industry with electricity from renewable hydroelectric and geothermal sources by 2020.

National High Performance Computing (HPC) organisations of Denmark, Norway, Sweden and Iceland have pooled resources and powered up an innovative joint supercomputer hosted by Thor Advania Data Center in Iceland. Locating the computer close to the green energy source introduces substantial savings according to NHPC's press release.

Stolt Seafarm is preparing to produce up to 2000 tonnes of senegalese sole in Iceland, using warm water and electricity from HS Orka's geothermal powerplant in Reykjanes.

Icelandic media today report the interest of foreign investors in TM, one of Iceland's leading insurance companies.

In January the Central Bank of Iceland offered to purchase euros in exchange for long-term investment in Iceland or payment in Treasury Bond. Bids for 141.3 million euros were accepted.

Marorka and Futureship, two leading energy efficiency improvers, have formed a strategic alliance to further reduce emissions and fuel consumptions for shipowners around the world.

Iceland's minister of finance and acting minister of industry pledged government support for further growth of the data center industry in Iceland at the ribbon cutting ceremony on 8 February when the Verne Global green data center formally opened.

The Central Bank of Iceland has introduced the Investment Programme where parties intending to invest in Iceland and sell foreign currency at at domestic financial institutions are permitted to participate in the Central Bank‘s foreign exchange auctions for the same amount, provided the funds will be used for long-term domestic investment.

Transparent administration and clear and unambiguous regulation concerning foreign direct investment in Iceland is among the goals set by a new Government proposal for a parliamentary resolution on foreign investment. The proposal acknowledges that investment is paramount for economic growth in Iceland.

According to the World Bank international study "Doing Business 2012" Iceland now ranks number 9 of the world's most business-friendly economies, up from 13th place last year.

The fifth stage of Reykjavik Energy's Hellisheidi Geothermal powerstation is now operational and producing 90 MW of clean energy.

Datapipe, committed to being a global leader in sustainable IT, will utilise Iceland's low-latency, subsea connectivity and location between the world's largest financial markets in the world, London and New York, to deliver carbon neutral managed IT solutions.

Verne Global is installing a 500m² modular data centre from Colt DCS to prepare for the opening of the world's first large scale emission free data centre at Asbru, Iceland.

Einstök is Icelandic for Unique and that is what the latest Icelandic craft beer is according entrepreneurs Jack Sichterman, Bernard LaBorie and David Altshuler. Being brewed in Iceland, just south of the arctic circle Einstök has natural links to purity and beauty.

Turner Broadcasting System Europe has announced its acquisition of the Icelandic company which owns and operates the LazyTown brand. TBS is committed to produce a new series in Iceland under the same management team.

More sustainable economic situation and competitive strengths such as the educational system, innovative business sector, flexible labour market and developed infrastructure move Iceland up on place in World Economic Forum's Global Competitiveness Report 2011-2012.

Geogreenhouse is preparing to construct high tech greenhouses close to a geothermal power plant and using green electricity, geothermal water, CO2 and the purest cold water to produce a range of premium quality tomatoes with zero carbon footprint and pesticide free. UK will be the main market.

The Iceland Chamber of Commerce has published an updated version of the Status Report on the Icelandic Economic Situation. The report is meant to give a better insight into the chain of events and the current economic, business and political landscape in Iceland. Despite substantial difficulties, general economic activity is still well functional and many Icelandic businesses remain strong and prosperous.

Cloud service provider SecurStore has entered into a relationship with Rackspace Cloud Builders, the service leader in cloud computing, and the OpenStack™ open source cloud operating system.

Emerald Atlantis Limited and TE SubCom have announced the finalization of an Instruction to Proceed to build the Emerald Express Trans-Atlantic Cable System. The first phase will provide both low-latency and ultra-high bandwidth capacity between the US, Canada, UK and Iceland, requiring 5,200km of advanced submarine fibre optic cable.

The Icelandic Geothermal Cluster was formally founded on June 28th 2011 and launched with an inspiring address about the endless possibilities by guest of honour, Professor Michael Porter, who led the mapping of the cluster and Iceland's competitive advantage in geothermal research and utilisation.

Over 100 Danish minkfarmers attended a meeting in Jutland where they learned about possibilities for minkfarming in Iceland. A large group of Danish minkfarmers are preparing a study tour to Iceland this autumn and one Danish couple has already settled there and built up a successful minkfarm.

The big budget movie Promethius, directed by Ridley Scott, will be partly filmed in Iceland next month.

Iceland is the world's most peaceful country according to the Global Peace Index 2011. There is minimum risk is almost all categories, including the one addressing the degree to which political instituions are sufficiently stable to support the needs of its citizens, businesses and overseas investors.