AGP Executive Report
Last update: 9 hours agoAquaculture: Icelandic Salmon returned to profit in Q3, with operating earnings of €1.4 million versus a €9.4 million loss a year earlier. Revenue rose 60% to €40.1 million, while North America’s share of sales climbed to 36%, helped by strong demand and Iceland’s zero tariff. City Finances: Reykjavík forecasts a 2027 operating surplus of ISK 2.8 billion, after projecting a ISK 6.6 billion deficit this year. The budget plans 130 fewer full-time positions and ISK 23.6 billion in investment. Trade and Energy: Iceland and China signalled interest in expanding cooperation in trade, geothermal energy, the green transition and ocean industries during Foreign Minister Þorgerður Katrín Gunnarsdóttir’s visit. India–Iceland trade remains modest at about $77 million in 2024–25, despite the EFTA trade agreement taking effect in 2025.
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