AGP Executive Report
Last update: 8 hours agoWage Deal: Iceland’s unions, employers and government reached a last-minute settlement, keeping private-sector agreements in force through 2027. The package includes a 2.5% cap on state fee increases, as Prime Minister Kristrún Frostadóttir warned against fuelling inflation. Arctic Ties: Iceland and Canada agreed to deepen cooperation on Arctic security, trade and geothermal energy, and backed stronger NATO readiness in the Arctic and North Atlantic. Nobel Prize: Canadian poet Anne Carson won the 2026 Literature Nobel while in Iceland, where she told RÚV she was “listening to the wind.” Interest Rates: Iceland’s central bank held its key rate at 8% as inflation persists. EEA Dispute: Iceland is facing an EFTA Court case over whether it has met its obligation to give incorporated EEA rules precedence over conflicting national laws.
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