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útrás
The Icelandic "outvasion" (Icelandic language, Icelandic: ''útrás'' ) was the period in the economic history of Iceland between 2000 and the onset of its 2008–2011 Icelandic financial crisis, financial crisis in October 2008. With the privatisation of the banking in Iceland, 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 (economics), 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 (United Kingdom), 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 aroun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Icelandic Language
Icelandic ( ; , ) is a North Germanic languages, North Germanic language from the Indo-European languages, Indo-European language family spoken by about 314,000 people, the vast majority of whom live in Iceland, where it is the national language. Since it is a West Scandinavian languages, West Scandinavian language, it is most closely related to Faroese language, Faroese, western Norwegian dialects, and the extinct language Norn language, Norn. It is not mutually intelligible with the continental Scandinavian languages (Danish language, Danish, Norwegian language, Norwegian, and Swedish language, Swedish) and is more distinct from the most widely spoken Germanic languages, English language, English and German language, German. The written forms of Icelandic and Faroese are very similar, but their spoken forms are not Mutual intelligibility, mutually intelligible. The language is more Linguistic conservatism, conservative than most other Germanic languages. While most of them hav ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bulgarian Telecommunications Company
Vivacom () is a Bulgarian telecommunications company. It is the largest telecommunications company in Bulgaria by both revenue and market share, being a former state-owned 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. History BTC has its roots as the incumbent fixed-line operator organizing and facilitating communications services in Bulgaria. Following the end of World War II and the establishment of the People's Republic of Bulgaria The People's Republic o ... [...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 ye ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kaupthing
Kaupthing Bank (, ) 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 the 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. In 2006, it ran ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Icesave Dispute
The Icesave dispute was a diplomatic dispute among Iceland, the Netherlands and the United Kingdom. It 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 () had no remaining funds to make good on deposit guarantees to foreign Landsbanki depositors, who held savings in the Icesave branch of the bank. History 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 €6.7 bn 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 maximum limit for the national dep ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Landsbanki
Landsbanki (, ), also commonly known as Landsbankinn (, ) was one of the largest Icelandic commercial banks; it 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) and the bank continued to operate under the same name.The Financial Supervisory Authority - Iceland, ''News: Based on New Legislation, the Icelandic Financial Supervisory Authority (IFSA) Proceeds to take Control of L ... [...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 Danish krone, 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: :ru:Нерсесов, Юрий Аркадьевич, Нерсесов, Юрий (23 January 2003)Жертвы иудейской во ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Björgólfur Guðmundsson
Björgólfur Guðmundsson (2 January 1941 – 2 February 2025) was an Icelandic businessman and chairman and owner of West Ham United. Björgólfur was Iceland's second businessman to be 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 Icelandic bank Landsbanki, the second largest company in Iceland (subsequently nationalised). 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thor Björgólfsson
Thor (from ) 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. Narratives featuring Thor are most prominently attested in Old Norse, where Thor appears throughout Norse mythology ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Calque
In linguistics, a calque () or loan translation is a word or phrase borrowed from another language by literal word-for-word or root-for-root translation. When used as a verb, "to calque" means to borrow a word or phrase from another language while translating its components, so as to create a new word or phrase ( lexeme) in the target language. For instance, the English word ''skyscraper'' has been calqued in dozens of other languages, combining words for "sky" and "scrape" in each language, as for example in German, in Portuguese, in Dutch, in Spanish, in Italian, in Turkish, and ''matenrō'' in Japanese. Calques, like direct borrowings, often function as linguistic gap-fillers, emerging when a language lacks existing vocabulary to express new ideas, technologies, or objects. This phenomenon is widespread and is often attributed to the shared conceptual frameworks across human languages. Speakers of different languages tend to perceive the world through common categori ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Media Of Iceland
The mass media in Iceland are well-developed for a country of its size. The Constitution of Iceland guarantees absolute freedom of speech. Therefore, Iceland’s media are among the freest in the world. Iceland has been in the top ten of the Reporters Without Borders Press Freedom Index, since it was first compiled in 2002 until 2014. It was first or joint first in 2002-2008 and 2010. Its 2015 ranking is twenty one, reflecting a sharp deterioration in freedom of information since 2013, according to Reporters Without Borders. Television The principal television station in Iceland is RÚV, which is state-owned. It has a commitment to promote the Icelandic language and the country’s history, and is partly funded by license fee; the rest of the RÚV’s income comes from advertising. The channel broadcast by RÚV is Sjónvarpið, which translates as ‘the television’. Broadcasts started in 1966, and coverage very quickly reached every household in Iceland. RÚV had a monopol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
