Happy New Year!

Fireworks Exploding over Reykjavík

Last night the usual New Year’s Eve traditions were carried out as they have been for many years in Iceland: families came together for a holiday dinner, visited neighbourhood bonfires, watched the yearly Áramótaskaup comedy revue, and set off fireworks to ring in 2024 with a bang.

Wherever you are, dear reader, the Iceland Review team hopes you found comfort in some familiar traditions and are looking forward to 2024. We certainly look forward to bringing you the best of Icelandic culture, nature, and community in the coming year. To all our readers and their loved ones: Happy New Year, Gleðilegt ár and thanks for reading!

Wine, Gas, and Swimming Pool Prices Rise

Laugardalslaug geothermal swimming pool in Reykjavík

With the new year, changes to public price structures all over Iceland come into effect. Municipalities have upped the fees for some of the services they offer, while the 2024 budget, recently approved by Alþingi, heralds new taxes and adjustments to the existing ones.

Tax rates on alcohol and tobacco go up by 3.5 percent, Morgunblaðið reports. As does the licensing fee for public broadcasting and the tax on gasoline. The litre will cost an extra ISK 4.20 [$0.03, €0.03], while the litre of diesel goes up by ISK 3.70 [$0.03, €0.02]. The vehicle tax on lighter automobiles rises by 30 percent as well, while owners of electric cars will need to pay a new fee per kilometre, which for the average driver will amount to ISK 90,000 [$666, €599] per year.

Trash and tickets pricier

Municipalities have also announced higher prices for trash collection, as a new system for sorting refuse is being implemented in the capital area. The biggest increase is in Reykjavík, where the price for two bins goes from ISK 52,600 [$389, €350] to ISK 73,500 [$544, €489]. The highest fee remains in the more affluent neighbouring municipality of Seltjarnarnes and amounts to ISK 75,000 [$555, €499].

In Reykjavík, the prices for trips to the swimming pool, museum tickets and petting zoo admissions have also gone up. A single adult ticket to a public pool goes up by 6 percent and will now cost ISK 1,330 [$10, €9]. Yearly tickets go up by 5.5 percent, while prices for towel and swimming trunk rentals also rise. A hike in bus fare prices has also been announced. They will rise by an average of 11 percent.