🇮🇸 Iceland News

Author Ragnar Jónasson takes on new role

Ragnar Jónasson, who works as a lawyer and also writes books, has started a new role as a special adviser at the law firm LOGOS. The move places him at one of Iceland's best-known firms while he continues his writing on the side. He has spent years combining the two professions, and the balance between them has become part of his public image. His novels have found readers well beyond Iceland, keeping his name in circulation in two very different circles. Neither Jónasson nor LOGOS has detailed what his day-to-day duties will involve. The hire still stands out, because few people move between legal practice and publishing so visibly.

mbl.is · world F

Icelandic innovation company Flow signs U.S. distribution agreement

Icelandic innovation company Flow has signed a distribution agreement with the US firm USVetServe. The deal opens a route for Flow's meditation and wellbeing technology to reach American veterans. The company's offering centers on meditation tools designed to help users manage stress in everyday life. Partnering with an organisation that works with former service members gives Flow access to a group that often carries heavy stress loads. The agreement fits a wider pattern of Icelandic wellness technology finding buyers abroad. Neither side published numbers, so the scale and pace of the rollout remain unclear. Flow has yet to say whether USVetServe will carry the full range or start with a smaller selection.

mbl.is · economy F

We would be cutting interest rates under normal circumstances

Iceland would be cutting interest rates under normal circumstances, but the inflation picture is keeping that move off the table for now. The economy is clearly cooling, and job creation has slowed to some extent. Even so, export industries are holding their ground, with fisheries and aluminium production performing well. Tourism is also doing reasonably well all things considered. The Icelandic krona remains relatively strong, and a young data centre industry is emerging as an extra source of revenue. The complication is inflation, which still stands at 5.9 percent despite the broader slowdown. Uncertainty over the labour market adds a further layer of caution. All of this explains why a cut that would otherwise be an easy call is being held back.

mbl.is · world F

Rubio: Iceland’s strategic importance is growing

US Secretary of State Marco Rubio has called Iceland a country whose strategic weight keeps growing. He made the remarks while in the country on an official visit, with his departure scheduled for today. The brief stop put a senior American official in a capital that Western planners watch closely for its North Atlantic position. Iceland sits on the routes between North America and Europe, a geography that has kept it on NATO's map for decades. Washington and Reykjavik have cooperated on defense since the middle of the last century. Arctic developments have lately pushed renewed attention onto the monitoring work done from the island. Neither side published a detailed account of what was discussed during the visit.

mbl.is · world F

Sexual offences at a five-year high

Police nationwide recorded 346 sexual offences between January and June this year. That is the highest first-half figure since 2021. The number covers complaints of every kind of sexual offence logged across the country during the six months. Reaching 346 means the country has returned to reporting levels not seen in roughly five years. A half-year total like that works out to an average of nearly 58 reports each month. Rising figures can signal either more offending or more victims feeling able to come forward, and often both. Because the tally counts police reports, it says nothing yet about outcomes in court. The picture will firm up when the full-year statistics are released.

mbl.is · world F

Hafnarfjörður general fees Not to rise by more than 2.5%

General fees in Hafnarfjörður will not rise by more than 2.5 percent next year, after the town's executive committee set the limit at its meeting yesterday. The decision was taken during the committee's regular session. The 2.5 percent ceiling now forms the key benchmark for the municipality's budget preparations, which are already underway. General charges cover the basic services residents pay for through the local authority. A cap of this kind gives households and businesses some predictability ahead of the new budget year. Council members will revisit the figure as the spending plan takes shape. The committee's benchmark will steer how other lines in the 2027 budget are calculated. Icelandic municipalities have been under steady pressure to rein in costs without pushing charges up too fast.

mbl.is · world F

Further investment in Laugarás to be reassessed

Laugarás Lagoon may put its expansion plans on hold. Managing director Bryndís Björnsdóttir stated that a planned tax hike is the primary cause. The government intends to raise the VAT on geothermal lagoons from 11% to 24%. This increase significantly alters the financial outlook for the site. The company must now re-evaluate how much more it can invest. Management will decide if further development remains viable under these new costs. This decision depends on the final tax implementation.

mbl.is · economy F