Marriott EDITION to open in Reykjavik
The new luxury 250 room boutique hotel, next to Reykjavik's award winning Harpa Conference Center and Concert Hall, will be a Marriott EDITION hotel.
Capital Account Liberalisation Announced
The temporary capital controls will be lifted, while ensuring financial stability in Iceland, according to a comprehensive strategy announced by the Government. The measures include Central Bank currency auctions for holders of offshore ISK in the autumn.
US investors to build 5-star hotel in Reykjavik
US-based Carpenter & Company have announced the development of a 250-room 5-star hotel by Harpa, the Concert Hall and Conference Center at the old harbour in Reykjavik City Centre.
Carbon Recycling celebrates 200% increase in methanol production
The renewable methanol plant in Svartsengi, Iceland, has been expanded and the production capacity increased by 200% to 4,000 tons of renewable methanol per year.
Land and Equipment Secured for Proposed Polysilicon Plant
Silicor Materials has signed land lease and port agreement and equipment contract with SMS Siemag for a proposed polysilicon plant at Grundartangi, Iceland, yielding up to 19,000 metric tons of solar silicon each year for the global solar market.
Verne Global finances accelerated growth of Iceland data center campus
Verne Global has secured US$98M in Series D Equity Funding to accelerate the growth of its Icelandic data center campus, which offers scalable and secure solutions that combine unparalleled cost savings and renewable energy.
Alvotech Reykjavik starts recruiting
Alvotech Biopharmaceuticals, currently building a state of the art 12 thousand square meter manufacturing and laboratory facility in the science park of the University of Iceland, has started recruiting.
Construction of a new silicon metal factory in Helguvik
At the groundbreaking ceremony for United Silicon's new silicon metal factory in Helguvik, Iceland, Mr. Doron Sanders, Chairman of the Board and Managing Director of Bit Fondel, Fondel Group, praised Iceland's stable business environment and the support the project has enjoyed from Icelandic authorities, both the central government and municipality of Reykjanesbær. Mr. Sanders also mentioned the renewable energy, at competitive global price levels as a major incentive for such a project.
Freetrade agreement with China enters into force today
On July 1st 2014 the extensive free trade agreement between Iceland and China enters into force, opening up new possibilities for companies interested in exporting products into China and Chinese companies looking to sell products to Europe and North America.
Iceland: The world's most peaceful country
Iceland keeps the position as the world's most peaceful country according to the Global Peace Index for 2014, published by independent Institute for Economics and Peace.