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Iceland
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Tuesday, October 13, 2026
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Iceland is preparing for a winter storm of unusually deep low pressure, with forecasters advising residents to brace for severe winds and heavy precipitation in the north. It is the season for such warnings, and residents are being advised on what to prepare for.
In labor relations, the chairperson of the Efling Union has declared a complete loss of trust in the Confederation of Icelandic Enterprise, accusing its director of political maneuvering. At the same time, the government is moving to tighten rules on indexed mortgages by shortening repayment terms and capping how much a loan's principal can grow.
A sixteen-year-old’s death has led his parents to issue a public warning regarding an underestimated danger. In the courts, the main defendant in the Reykholt case received an eight-year sentence, while a separate ruling handed a prison term and a 105m ISK fine to Sverrir Einar for tax evasion.
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Sólveig Anna Jónsdóttir, chairperson of the Efling Union, has publicly stated that trust between the union and the director of the Confederation of Icelandic Enterprise is "completely gone" following negotiations with VR, accusing the director of employing "tricky politics."
Heimildin:
Solveig Anna: "Trust is now completely gone"
The head of Efling states that trust between Efling and the director of the Confederation of Icelandic Enterprise has been broken after negotiations with VR. She accuses the director of using tricky politics.
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A list of Iceland's 3,600 highest-earning individuals has been published. Meanwhile, Prime Minister Kristrún Frostadóttir affirmed that while the referendum result will be respected, Iceland will not "close off Europe" or undermine the EEA agreement, despite opposition calls for clarity on the accession application.
Heimildin:
Highest earners: The 3,600 highest-earning Icelanders
A list of the top 3,600 highest-earning individuals in Iceland has been published.
Heimildin:
Despite 'no,' we naturally don't close off Europe
The Prime Minister states that the result of the referendum will be respected, but closing off Europe or undermining the EEA agreement is out of the question, even as the opposition seeks confirmation of the accession application status.
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Daily news summaries from Iceland
Part of the frontpages.eu European news digest
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