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Icelandic Outvasion
The Icelandic "outvasion" ( Icelandic: ''útrás'' ) was the period in the economic history of Iceland between 2000 and the onset of its financial crisis in October 2008. With the privatisation of the Icelandic banks being advantageous for investors, there was a large supply of cheap loan capital on the international market. A clause in the agreement with the European Economic Area stipulated the free flow of capital to and from Iceland. The so-called outvasion entailed Icelandic financiers (sometimes styled '' útrásarvíkingar'', 'outvasion vikings') to purchase many foreign businesses, particularly in the retail sector. The British retailers Debenhams, Woolworths, Hamleys, and others came into full or part-Icelandic possession, in addition to the Danish companies Magasin du Nord and Royal Unibrew. Novator Partners acquired telecoms and other assets around Europe, including České Radiokomunikace, Elisa, Saunalahti, Bulgarian Telecommunications Company, P4 Spółka z o.o., ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Icelandic Language
Icelandic (; is, íslenska, link=no ) is a North Germanic language spoken by about 314,000 people, the vast majority of whom live in Iceland, where it is the national language. Due to being a West Scandinavian language, it is most closely related to Faroese, western Norwegian dialects, and the extinct language, Norn. The language is more conservative than most other Germanic languages. While most of them have greatly reduced levels of inflection (particularly noun declension), Icelandic retains a four- case synthetic grammar (comparable to German, though considerably more conservative and synthetic) and is distinguished by a wide assortment of irregular declensions. Icelandic vocabulary is also deeply conservative, with the country's language regulator maintaining an active policy of coining terms based on older Icelandic words rather than directly taking in loanwords from other languages. Since the written language has not changed much, Icelandic speakers can read classic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bulgarian Telecommunications Company
Vivacom ( bg, Виваком) is the largest telecommunications company in Bulgaria and a former state-owned incumbent operator. The company is headquartered in the capital city Sofia and employs around 5,900 people, owning a mature distribution network with around 230 branded retail outlets and alternative sale points. Vivacom is a fully integrated operator, providing mobile, fixed voice, fixed broadband and pay-TV (both DTH and IPTV) services on a nationwide scale to both residential and business customers. The fixed-line services are provided through copper-based and fibre network footprint, while the mobile services are based on GSM/GPRS/EDGE and UMTS/HSPA+/LTE technologies. Vivacom owns and operates Plana Teleport, which is able to deliver transmission and connectivity even to the most remote points, including orbital positions in Europe, Africa, Middle East and Asia. Since 2014, Plana Teleport is a member of the World Teleport Association and in 2017 achieved full Tier 3 cert ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Baugur Group
Baugur Group (; Icelandic: ) was an Icelandic investment company. The group began as a supermarket and general retail company in Iceland, before diversifying to own a number of businesses at its peak, primarily in the United Kingdom. Baugur was heavily affected by the Icelandic financial crisis that began in 2008, and applied for bankruptcy protection in February 2009. Its largest creditor Landsbanki applied to place Baugur's UK arm, BG Holdings, into administration that month. The group filed for bankruptcy in March 2009. History In 1989, the Baugur Group was started by the opening of a single 'Bónus' supermarket in Reykjavík by Jón Ásgeir Jóhannesson and his father, Jóhannes Jónsson. The company grew quickly and within three years was operating several supermarkets in Iceland. In 1992, Hagkaup, the leading domestic retailer, acquired 50% of shares in Bonus. In 1993, they merged and formed a joint purchasing company named Baugur. Hagkaup was established over 50 year ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kaupthing
Kaupthing Bank ( is, Kaupþing banki; ) was a major international Icelandic bank, headquartered in Reykjavík, Iceland. It was taken over by the Icelandic government during the 2008–2011 Icelandic financial crisis and the domestic Icelandic based operations were spun into a new bank ''New Kaupthing'', which was subsequently renamed Arion Banki. All the non-Icelandic assets and debts remained with the now defunct Kaupthing Bank. Prior to its collapse it also allegedly loaned money to various parties with the purpose of buying Kaupthing shares. Prior to its collapse, Kaupthing Bank operated in thirteen countries, including all the Nordic countries, the Netherlands, Belgium, Luxembourg, Switzerland, the United Kingdom and the United States. It was seventh largest bank in the Nordic countries in terms of market capitalization. The bank had employed over 3,300 people with 36 retail branches in Iceland. As of 31 December 2007, the bank had a total assets of €58.3 billion ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Icesave Dispute
The Icesave dispute was a diplomatic dispute between Iceland, and the Netherlands and the United Kingdom that began after the privately owned Icelandic bank Landsbanki was placed in receivership on 7 October 2008. As ''Landsbanki'' was one of three systemically important financial institutions in Iceland to go bankrupt within a few days, the Icelandic Depositors' and Investors' Guarantee Fund (''Tryggingarsjóður'') had no remaining funds to make good on deposit guarantees to foreign ''Landsbanki'' depositors who held savings in the Icesave branch of the bank. When ''Landsbanki'' was placed into receivership by the Icelandic Financial Supervisory Authority (FME), 343,306 retail depositors in the UK and Netherlands that held accounts in the "Icesave" branch of ''Landsbanki'' lost a total of €6.7bn of savings. Because no immediate repayment was expected by any Icelandic institutions, the Dutch and British ''national deposit guarantee schemes'' covered repayment up to the max ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Landsbanki
Landsbanki (literally "national bank"), also commonly known as Landsbankinn (literally "the national bank") which is now the name of the current rebuilt bank (here called "New Landsbanki"), was one of the largest Icelandic commercial banks that failed as part of the 2008–2011 Icelandic financial crisis when its subsidiary sparked the Icesave dispute. On October 7, 2008, the Icelandic Financial Supervisory Authority took control of Landsbanki and created a new bank for all the domestic operations called Nýi Landsbanki (new Landsbanki) so that the domestic bank could continue to operate, the new bank continued to operate under the Landsbanki name in Iceland. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Glitnir (bank)
Glitnir was an international Icelandic bank. It was created by the state-directed merger of the country's three privately held banks - ''Alþýðubanki'' (Union Bank), ''Verzlunarbanki'' (Bank of Commerce) and ''Iðnaðarbanki'' (Industrial Bank) - and one failing publicly held bank - ''Útvegsbanki'' (Fisheries Bank) - to form ''Íslandsbanki'' in 1990. At the time, ''Íslandsbanki'' was the only major privately held commercial bank in Iceland. It was publicly listed on the Iceland Stock Exchange, in 1993. ''Íslandsbanki'' subsequently merged with FBA Icelandic Investment Bank in 2000. On 20 February 2009, in light of the Icelandic financial crisis, the bank’s name was changed back to the original Íslandsbanki. By 15 October 2009, it was decided that 95% of the new Íslandsbanki would be taken over by the creditors of Old Glitnir, while the government of Iceland would retain ownership of the remaining 5%. Ownership A third of the company was owned by Stodir. A large share ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Magnús Þorsteinsson
Magnús Þorsteinsson is a businessman and was chairman of now defunct Avion Group. He was a high-profile investor and entrepreneur with interests in aviation and financial services. Beverage businessman in Saint Petersburg Magnús began his investments in St. Petersburg together with Björgólfur Guðmundsson and Björgólfur Thor Björgólfsson. The Icelandic businessmen, together with Russian partners, founded a bottling company ''Baltic Bottling Plant'' in Saint Petersburg in June 1993 which was sold to Pepsi for 4 billion DKK in 1997. The three businessmen were among the first clients of the attorney Jeffrey Galmond in Saint Petersburg. They moved to brewing and founded a brewing company ''Bravo International'' OOO in August 1996 which became ''Bravo International'' JSC in December 1997.. Another copy: . An automatic translation: Нерсесов, Юрий (23 January 2003)Жертвы иудейской войны stringer-news.ru website. Retrieved 3 June 2021. ''Bravo Br ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Björgólfur Guðmundsson
Björgólfur Guðmundsson (born 2 January 1941) is an Icelandic businessman and former chairman and owner of West Ham United. Björgólfur was Iceland's second wealthiest businessman worth more than a billion dollars — his son, Björgólfur Thor Björgólfsson being the first. He was at one time the majority owner and chairman of the now nationalised Icelandic bank Landsbanki, the second largest company in Iceland. He was ranked by ''Forbes'' magazine in March 2008 as the 1014th-richest person in the world, with a net worth of $1.1 billion. In December of the same year Forbes revalued his net worth to $0, and on 31 July 2009 he was declared bankrupt by the Icelandic courts with debts of almost £500 million (96 billion ISK). Björgólfur was described in an article written by Jamie Jackson of The Guardian as "a former footballer, furniture packer and law student, a recovering alcoholic of 30 years and an old-fashioned philanthropist". In the 1990s he was sentenced t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thor Björgólfsson
Thor (; from non, Þórr ) is a prominent god in Germanic paganism. In Norse mythology, he is a hammer-wielding god associated with lightning, thunder, storms, sacred groves and trees, strength, the protection of humankind, hallowing, and fertility. Besides Old Norse , the deity occurs in Old English as , in Old Frisian as ', in Old Saxon as ', and in Old High German as , all ultimately stemming from the Proto-Germanic theonym , meaning 'Thunder'. Thor is a prominently mentioned god throughout the recorded history of the Germanic peoples, from the Roman occupation of regions of , to the Germanic expansions of the Migration Period, to his high popularity during the Viking Age, when, in the face of the process of the Christianization of Scandinavia, emblems of his hammer, , were worn and Norse pagan personal names containing the name of the god bear witness to his popularity. Due to the nature of the Germanic corpus, narratives featuring Thor are only attested in Old Norse, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
