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Norway Seeks Sale of Real-Estate Firm Entra

Norway Seeks Sale of Real-Estate Firm Entra Entra Holding’s Listing Could Be Biggest in Norway Since 2010 By Kjetil Malkenes Hovland | Jan. 14, 2014 OSLO—The Norwegian government has started a process to privatize state-owned real-estate company Entra Holding AS, which has a 25 billion Norwegian krone ($4.1 billion) property portfolio, in a move that… Continue Reading

Iceland Loses Patience as Bank Creditor Settlements Drag On

Iceland Loses Patience as Bank Creditor Settlements Drag On By Omar R. Valdimarsson Jan 14, 2014 Iceland is losing patience with creditors in its failed banks as the government considers forcing through bankruptcy proceedings to help it exit capital control in place since 2008. “The Bankruptcy Act doesn’t anticipate that attempts to seek composition last… Continue Reading

Norway’s House Prices Set to Fall

Norway’s House Prices Set to Fall January 6, 2014 By Kjetil Malkenes Hovland OSLO—Norwegian property prices are set to fall for the first time since 2008 amid an increase in housing supply and as borrowers face stiffer requirements from lenders, according to Norway’s real-estate broker association. The association Monday forecast a decline of 1% to… Continue Reading

Inside a Bitcoin mine

Inside a Bitcoin mine December 23, 2013 Nathaniel Popper On the flat lava plain of Reykjanesbaer, Iceland, near the Arctic Circle, you can find the mines of Bitcoin. To get there, you pass through a fortified gate and enter a featureless yellow building. After checking in with a guard behind bulletproof glass, you face four… Continue Reading

Finland hit harder by recession than expected

Finland hit harder by recession than expected By AFP | 19 Dec, 2013 HELSINKI: Finland’s economy will contract by 1.2 percent this year, far lower than previous forecasts, the government announced in an economic report Thursday. The outlook for the Nordic country — which is part of the euro ….” http://economictimes.indiatimes.com/news/international/business/finland-hit-harder-by-recession-than-expected/articleshow/27659072.cms

‘We don’t do bitcoin’: Denmark’s finance regulator exempts crypto-currencies from its function

‘We don’t do bitcoin’: Denmark’s finance regulator exempts crypto-currencies from its function December 17, 2013 The Financial Supervisory Authority of Denmark has issued a statement warning against the use of bitcoin, litecoin and the like as “unsafe”, but also saying they will not be regulating crypto-currencies exchanges should they appear. In total, Tuesday’s statement echoed… Continue Reading

Talvivaara wins court approval on debt restructuring

Talvivaara wins court approval on debt restructuring HELSINKI Tue Dec 17, 2013 Dec 17 (Reuters) – Talvivaara won court approval to restructure the entire company’s debt, allowing the nickel miner to continue production and helping it fend off bankruptcy. Talvivaara, hurt by falling nickel prices and chronic production….” http://www.reuters.com/article/2013/12/17/finland-talvivaara-idUSWEB00FWG20131217?feedType=RSS&feedName=bankruptcyNews

Icelandic ‘banksters’ get jail time over Kaupthing fraud

Icelandic ‘banksters’ get jail time over Kaupthing fraud December 13, 2013 Four bosses of Iceland’s failed Kaupthing Bank face prison terms of between three and five years and must pay millions of pounds in legal costs. They were convicted of fraud ahead of the collapse of the country’s biggest bank in October 2008. This is… Continue Reading

Insight: Sweden rethinks pioneering school reforms, private equity under fire

Insight: Sweden rethinks pioneering school reforms, private equity under fire By Niklas Pollard STOCKHOLM Tue Dec 10, 2013 (Reuters) – When one of the biggest private education firms in Sweden went bankrupt earlier this year, it left 11,000 students in the lurch and made Stockholm rethink its pioneering market reform of the state schools system.… Continue Reading

Iceland thumbs nose at international opposition to advance $1.2 billion debt relief plan

Iceland thumbs nose at international opposition to advance $1.2 billion debt relief plan December 01, 2013 Iceland’s government has announced that it will be writing off up to 24,000 euros ($32,600) of every household’s mortgage, fulfilling its election promise, despite overwhelming criticism from international financial institutions. The measure was introduced by the country’s prime minister,… Continue Reading