The operation of the Coast Guard’s surveillance aircraft, TF-SIF, will be discontinued to meet budgetary constraints. The decision marks “a major step back” in the
In the wake of the recently-concluded contract negotiations between VR and SA, the government has announced a series of measures aimed at supporting low- and
Strætó has missed payments on its ticketing system, Klapp, leaving the QR code scanners unusable and in need of replacement. Kjartan Magnússon, city representative for
Iceland’s prison system is operating at near maximum capacity. Three times as many individuals are being kept in police custody than usual, the Director General
In the latest draft of the 2023 budget, a 7.7% increase in alcohol tax is proposed. Iceland already has some of the highest alcohol taxes
The Icelandic government’s budget bill for 2023 will run on a deficit of ISK 89 billion [$640 million; €632 million], a significant decrease from last
In lieu of raising interest rates, the government will be implementing various measures intended to counteract inflation and an overheating economy as well as reducing
Reykjavík Mayor Dagur B. Eggertsson told RÚV the city will not resort to service cuts or price hikes as a result of its operational deficit.
While Iceland’s government has increased investment in some areas to combat the economic effects of the COVID-19 pandemic, some of its key institutions are facing
To counter the economic impact of COVID-19, Iceland’s government has hired two advertising agencies to create a campaign promoting the country as a travel destination.
