Kormakur and producer Lilja Palmadottir will share the $20,000 cash prize. The film also received the FICC Don Quijote Award. Trust Film Sales is handling international sales of the Icelandic-German co-production.
Norwegian director Bard Breien was named Best Director for his film The Art of Negative Thinking. Australian director Michael James Rowland's Lucky Miles received a Special Jury Prize.
Russian director Alexey Popogrebsky's film Simple Things collected a Best Actor award for Sergey Puskepalis, a grand jury special mention, the FIPRESCI award and an ecumenical jury award.
Elvira Minguez was named Best Actress for her role in Tristan and David Ulloa's film Pudor.
Lucie Kralova's Czech documentary Lost Holiday won the feature documentary prize, while Russian director Sergei Loznitsa's Artel won the short documentary award.
Armin, from director Ognjen Svilicic, was named Best Film in the festival's East of the West competition. Also in the selection of films from Central and Eastern Europe, Estonian director Ilmar Raag's film The Class received a special mention and the Europa Cinemas Label Award, which includes promotional support and screening at cinemas in the Europa Cinemas network.
The 43rd Karlovy Vary International Film Festival will be held from July 4-12, 2008.