Icelanders Protesting Changes To Disability Pensions

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The Facebook page “Jæja” is organising a protest outside Parliament tonight. The event page decries the proposed cuts in disability…

Foreign Residents Increase By 16%, Despite Slowing Economy

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The number of foreign residents has increased to 43,726 in early November despite the slowing economy, according to new data…

Rent In Reykjavik 3,000 ISK Per Square Metre

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Rental prices in registered Reykjavík housing increased by 6.1%, and increased by 12.9% in neighbouring municipalities, RUV reports. Prices rose…

Women’s Day Off Sparks Controversy

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On 24 October, thousands of women walked out of their jobs to protest sexual harassment, the persistent income gap, and…

25 Million ISK Spent On EEA Report

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A report on Iceland’s membership in the European Economic Area (EEA) will cost taxpayers 25 million ISK, RÚV reports, from…

Failed Icelandic Bank Linked to Manchester City Scandal

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An investigation by German magazine Der Spiegel shows that a subsidiary of a failed Icelandic bank was deeply involved in…

Icelandic Bank Loses Millions in Airline Bankruptcy

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Arion Bank announced in its third quarter report that it lost 2.5 billion ISK ($20.7 million USD) in the bankruptcy…

More Than a Fifth of Icelandic Renters Fear Losing Homes

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Iceland’s Housing Finance Fund (HFF) commissioned a study on the housing market that revealed the stark reality many renters face….

Competition Authority Rules Against Keflavík Airport Operator

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The Competition Authority’s appeals board ruled that Isavia, the state-owned company managing Keflavík International Airport, was charging bus companies too…

Ending Exclusion: Iceland’s Public Broadcaster Increasing English Service

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RÚV is Iceland’s public broadcasting service. Its mission is to inform, educate and entertain everyone. It operates several radio stations…

Iceland’s Tourism Minister Calls for Tourist Limits

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Minister of Tourism Þórdís Kolbrún R. Gylfadóttir has called for limiting the number of visitors to certain sites, RÚV. The…

Night Bus Service In Reykjavik May End After New Year

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The board of Strætó is considering whether late night bus service on weekends will continue after the new year, RÚV…

EU Funds for Hydrogen Buses In Iceland

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The capital region bus company, Strætó, has received 95 million ISK from the European Union to purchase hydrogen-fuelled buses by…

Revisiting and Revising History: 10 Years After the Financial Crisis

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October marks the tenth anniversary of the complete collapse of the Icelandic banking system. Several weeks after Lehman Brothers’ September…

Reykjavik Area Bus Service Hopes to Increase Rush Hour Service By 2020

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22 members of the 23-seat Reykjavík City Council approved a resolution to investigate increasing rush-hour service on Strætó’s busiest lines,…

CCP Games Bought Out, Shifts Focus to Mobile and Hollywood

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Pearl Abyss, the company behind the massively multiplayer online role-playing game ‘Black Desert Online,’ has bought the Icelandic gaming company…

Icelandic Bank Loses Millions in Airline Bankruptcy

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Primera Air, a Denmark-based airline owned by Icelandic businessman Andri Már Ingólfsson, has filed for bankruptcy and ceased operating, RÚV…

Former Icelandic President Protests Graveyard Hotel

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In another set-back for the hotel industry, three prominent “Honorary Citizens of Reykjavík” delivered a statement asking city officials to…

Negotiations Begin On New Public Transport System For Reykjavik

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Minister of Transport Sigurður Ingi Jóhannesson, signed an agreement last week with capital region municipalities to begin negotiations on a…

Fishy 14 Million ISK Lawsuit Dismissed

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Reykjavík District Court dismissed last week the most stereotypically Icelandic of lawsuits: it involved fish and poor business decisions. Fish…

Fired Employee Sues Icelandic Energy Company That Ignored Her Harassment Claims

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Áslaug Thelma Einarsdóttir announced on her Facebook page this week that she is planning to file a lawsuit after being…

Króna Drops As Banking Crisis Anniversary Nears

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The Icelandic Króna (ISK) has dropped by six percent against the euro since the beginning of September, RÚV reports. In…

New Hospital, Helicopters, and Highland Cops: Iceland’s 2019 Budget

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Yesterday the government released its proposed budget for next year. It includes spending increases and tax cuts. The treasury expects…

Silicon Folly: The Failure Of The Latest Industrial Trend

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Tourism is not the only troubled industry In Iceland. The sharp increase in demand for solar panels has necessitated growth…