AGP Executive Report
Last update: 8 hours agoLabour and Inflation: A tripartite agreement will keep collective agreements in force through 2027, aiming to secure industrial peace while limiting increases in general fees and charges to 2.5%. Prime Minister Kristrún Frostadóttir says the measures must not add to inflation. Economic Outlook: Central Bank Governor Ásgeir Jónsson says fisheries and aluminium exports remain strong and a data-centre industry is emerging, but inflation is 5.9%; the key rate remains at 8%. Trade and Geothermal: Iceland and Canada plan to update their free-trade agreement, deepen geothermal cooperation and back stronger NATO readiness in the Arctic and North Atlantic. Clean-Tech and Manufacturing: Icelandic electrolyser maker Dynelectro has completed 1,000 hours of operation with its 250 kW unit, while Alvotech is expanding US biosimilar manufacturing through an agreement with LOTTE Biologics. Fisheries: Fishmeal and fish-oil output across tracked regions is sharply below last year, with Iceland and the North Atlantic among areas reporting lower raw-material supply.
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