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August
2003
19.08.2003
Alcoa chooses partners for Icelandic smelter
Alcoa recently announced that it has chosen
Bechtel and its partner, an Icelandic engineering
consortium, HRV (Hönnun, Rafhönnun, VST), to
design and build its new plant in East Iceland,
which is being designed for production of
322,000-metric-ton-per-year of primary aluminum.more
11.04.2003
Iceland
in leading position in R&D and innovation
Iceland
has a leading position within the OECD
countries
regarding contributions to research and development
work according to estimates by the Research
Council of
Iceland
for 2001.
Iceland
contributes
over 3% of its GDP to R&D, which is among
the highest within the OECD countries. The
European Union decided in
Lisbon
in 2000 that all
member countries should contribute 3% of GDP to
research and development and that two-thirds of
those contributions should come from private companies.
This is meant to increase the importance of
science and technology.
Iceland
was the third European
Economic Area country to reach this target.
more
1.04.2003
Data
centers are 100% more profitable in Iceland than
in the USA
Iceland
is the lowest-cost country in Europe and the most
competitive location for large International Data
Centers according to an International
Business Cost Study conducted by KPMG. Iceland
has the lowest business cost among all the ten
countries presented for nine of the fourteen
operations examined, including all software and
R&D operations.
more
10.03.2003 New
submarine cable linking Iceland and the UK
Farice
hf. has signed a turn-key contract with Pirelli for
laying of a new fibre-optic submarine system,
worth
30.7 million euros. This new submarine system
will
interconnect Icelandic, Faroese and
Scottish telecommunication networks, providing
city to city
service
between Reykjavík and Edinburgh. The
construction
of the system will be completed before
the
end of 2003.
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