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Jónatansson & Co receives The Strongest in Iceland award second year in a row

5th February

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Jónatansson & Co is among the Strongest in Iceland for the second year in a row. Valgerður Jóhannesdóttir, CEO, accepts the award on behalf of Jónatansson & Co.…

Jónatansson & Co Legal settles case against Pricewaterhouse Coopers on behalf of the Winding-up Board of Glitnir.

21st December

Jónatansson & Co Legal were commissioned by the Winding-up Board of Glitnir to file proceedings against Pricewaterhouse Coopers Iceland (PwC Iceland) and Pricewaterhouse Coopers LLP (PwC UK) for negligence and mistakes in auditing Glitnir bank in the years 2007 and 2008. The case was filed in January 2013. The parties have now settled the case on terms that the Winding-up Board of Glitnir considers agreeable in light of the facts. …

Iceland‘s Central Bank raises benchmark rate to cap inflation

23rd March

Iceland’s Central Bank has raised interest rates for the third time in seven months, in order to contain inflation after the króna slipped.

Iceland tightens króna controls to prevent market turmoil

20th March

Iceland’s parliament has pushed through stricter capital controls in an effort to hamper speculative trading and to support the króna as the country seeks to emerge from its 2008 economic crisis.

Iceland‘s Central Bank to pre-pay IMF loans

20th March

The Central Bank of Iceland has announced in a press release that it will prepay loans from the International Monetary Fund and the Nordic countries in the amount of ISK 116 billion.

Central Bank of Iceland offers to purchase euros and Icelandic krónur

15th March

The Central Bank of Iceland is offering to purchase euros in exchange for Icelandic krónur for long-term investment in the Icelandic economy, or in exchange for payment in Treasury bonds.

Central Bank sells foreign currency in interbank market

15th March

On 6 March 2012, the Central Bank of Iceland sold 12 million euros in the interbank foreign market.

Iceland‘s President to seek fifth term

5th March

Iceland’s President Olafur R. Grimsson has announced that he will be seeking a fifth four-year term in office in the upcoming elections to be held in June.

Iceland will need more measures to meet fiscal targets, says IMF

5th March

According to the International Monetary Fund, Iceland is in need of further measures to meet it fiscal targets amid overspending and projected budgetary regression.

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