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What's happening in Europe?
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Iceland
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Monday, October 05, 2026
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An Icelandic businessman was arrested at Keflavík Airport last night.
In economic news, the Ministry of Finance estimates a potential revenue loss of 1.6 billion Icelandic Krónur if price increases are limited to the Central Bank's inflation target, with the government reportedly considering capping these increases at 2.5 percent. Additionally, discussions have begun regarding a planned change to the legal structure of the energy company Orkuveitan at a city council meeting, and a negotiation group has been appointed to finalize an agreement for a new technical college in Reykjavík.
Further reports include a man experiencing blindness after a year of using Ozempic, a fatal accident at Háreksstaðakvísl resulting in two deaths, and Margret being denied the right to appeal her case to the Supreme Court. On a positive note, an Icelandic couple has developed an app to enhance nutrition literacy.
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Top Stories
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The Finance and Risk Management Department presented its assessment of proposed changes to the legal structure of the energy company Orkuveitan at a recent city council meeting.
Heimildin:
Plan to Change Energy Company's Legal Form
The Finance and Risk Management Department's assessment regarding the planned changes to Orkuveitan's legal structure was presented at a city council meeting yesterday.
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The Ministry of Finance estimates a 1.6 billion ISK revenue loss if price increases are limited to the Central Bank's inflation target. The article reports that Katrín Jakobsdóttir states the government is ready to cap increases at 2.5 percent if others contribute.
Heimildin:
Nation Would Lose 1.6 Billion in Revenue If Price Increases Followed Inflation…
The Ministry of Finance estimates a revenue loss of 1.6 billion ISK if price increases are limited to the Central Bank's inflation target. No decision has been made, but Prime Minister Katrín Jakobsdóttir states the government is ready to cap increases at 2.5 percent if others contribute and wage…
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Reykjavík City Council has appointed a negotiation group to finalize an agreement with the Technical College, ensuring the institution remains in Reykjavík after a previous agreement for building plots in Hafnarfjörður proved unfulfillable.
Heimildin:
Discussions to Begin on New Technical College in Reykjavík
The City Council has appointed a negotiation group to finalize an agreement with the Technical College to ensure the school remains in Reykjavík, after Hafnarfjörður's previous agreement for building plots proved unfulfillable.
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Ingi Torfi Sverrisson and Linda Rakel Jónsdóttir have developed an Icelandic app to help people track their nutrition, emphasizing that understanding portion sizes is as crucial as food choices for achieving maximum results.
Heimildin:
Increasing the Nation's Nutrition Literacy
A couple, Ingi Torfi Sverrisson and Linda Rakel Jónsdóttir, have developed an Icelandic app to help people track their nutrition, emphasizing that understanding portion sizes is as crucial as food choices for achieving maximum results.
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Daily news summaries from Iceland
Part of the frontpages.eu European news digest
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