AGP Executive Report
Last update: an hour agoConnectivity: Icelandic telecom firm Korda has chosen landing sites for the planned Auður subsea cable: Meðalland on Iceland’s south coast and Irvine Bay in Scotland. Surveys are due in 2027, with service expected around 2029–30. Weather: Freezing temperatures brought icy roads across the capital area and much of the country; drivers are urged to take care. Economy: Iceland’s seasonally adjusted unemployment rate fell to 5.7% in September, down from 6.8% in August. Trade: Iceland and its EFTA partners signed a free trade agreement with Vietnam, covering goods, services and investment; it still needs to enter into force. Arctic Security: A UK parliamentary report placed Iceland last in NATO’s rearmament ranking, noting the country has no military capability, as European and NATO discussions increasingly focus on Arctic security and undersea infrastructure. Screen: Production of Icelandic crime drama Vigilant, starring Ólafur Darri Ólafsson, is set to begin in Iceland on October 29.
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