Despite Iceland’s image as a leader in green technologies, per capita household waste has been steadily trending upwards in the country. In 2009, the average Icelandic household produced just above 400 kg [882 lbs] of waste annually. As of 2021, Icelandic households were producing 667 kg [1,470 lbs] of waste annually, compared to the EU […]
The Minister of Culture and Business Affairs has encouraged Icelandic petrol companies to do their part in the effort to curb inflation. The minister calls
The municipality of Árborg in South Iceland is facing financial difficulties due to inflation and a decline in real estate revenues. Following an assessment of
The Agricultural Pricing Committee has decided to increase the minimum price that milk can be bought from dairy farmers, alongside the wholesale price of milk
As the payment burden of non-indexed loans continues to rise, households are increasingly moving towards indexed loans. Despite rising interest rates, the banks have not
The much-protested law on taxis came into effect this April 1, leaving many taxi drivers uneasy about their future as a new company enters the
Despite the consumer price index increasing by 0.59% month-on-month, the annual inflation rate has decreased to 9.8% (down from 10.2% in February). The Finance Minister
An economist with the Icelandic Confederation of Labour (ASÍ) has expressed worry over the housing market’s “weak support system” and has called on the government
The Monetary Policy Committee of the Central Bank of Iceland has raised interest rates a further 1%. This is the twelfth rate hike in a
According to a real-estate developer in the capital area, the process of selling apartments has lengthened considerably as compared to the autumn. Last fall, every
