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Houses Are A Better Investment Than Stocks, Says Housing Authority
The Icelandic Housing and Construction Authority (HMS) claims that housing investment offers more gains and fewer risks than purchasing stocks. This is a sign of an abnormal housing market in Iceland, the institution commented in its recent monthly report. In the last…
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Money Moves: Investing Made Simple
They say investing is the key to unlocking financial success, but for most ordinary people, terms like bonds, stocks and equities sound like little more than a list of buzzwords. Things like investing are rarely taught in schools. We sat down with…
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GreenBytes Raises €1M To Help Restaurants Fight Food Waste
Icelandic startup GreenBytes has announced a €1 million pre-seed round led by Crowberry Capital, with participation from Berlin-based APX, and select Angels from Germany. [su_pullquote]Titans of Icelandic photography combine in this discount box in the Grapevine Store: signed copies of both Faces…
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Leonardo DiCaprio Invests In A Company Founded By An Icelander
Actor and environmentalist Leonardo DiCaprio has joined VitroLabs, the company which aims to create the world’s first slaughter-free leather, as an investor, Vísir reports. [su_pullquote]If you appreciate our journalism, join our High Five Club. As well as helping us to keep the…
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Bias Against Ballarin? Lawyer Believes Icelandair Discriminated
Michelle Ballarin’s lawyer believes that his client was discriminated against in Icelandair’s share offering last week, Fréttablaðið revealed this morning. Ballarin’s 7 billion ISK was the only offer rejected in the share offering, reported on here by the Grapevine. Ballarin’s lawyer Páll…
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Icelanders Pre-order Electric Nissan Leaf Car En Masse
The bond between Icelanders and their cars is as akin to that of Italian men and their mothers: indissoluble, reverence-filled and sometimes a little disturbing. But if for Italian men there is only one mamma, Icelanders go by the motto ‘the more,…
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Iceland’s Showdown With Creditors Arrives
The Icelandic government will tell hedge funds and other creditors in its failed banks how their claims can be settled this week, reports Bloomberg. The government has reportedly designed a model to protect the ISK from any instability that might result from…
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Iceland Prepares To Phase Out Capital Controls
Iceland is planning to sell six-year euro-denominated bonds in a push to ease the capital controls that have been in place since the economic collapse of 2008. According to Bloomberg, the government hired Barclays Plc, Citigroup Inc., Deutsche Bank AG and JPMorgan Chase…