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Energy CEO resigns following board misconduct allegations

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Hörður Arnarson has stepped down as the CEO of Landsvirkjun, Iceland's national energy company, with his departure effective at the end of October. His deputy, Kristín Linda Árnadóttir, will serve as acting CEO. This announcement coincides with a statement alleging misconduct by the Landsvirkjun board, describing the situation as a 'borderline scandal'.

In other domestic news, Mayor of Hafnarfjörður Valdimar Víðisson expressed disappointment regarding the outcome of the Technical School Case, warning against seeking a scapegoat. A disturbing incident was reported in Laugardalur where a teenager was bound and abandoned.

Inflation in the country has been measured at 5.9 percent, with higher VAT on fuel identified as a significant contributing factor. Additionally, concerns are being raised about the increasing unaffordability of apartments in Reykjavík. A public dispute also emerged, with Össur Skarphéðinsson accusing Hannes Hólmsteinn Gissurarson of 'MAGA-style bullying'.

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Landsvirkjun CEO Resigns Amid Misconduct Allegations Against Board

Hörður Arnarson has resigned as CEO of Landsvirkjun, Iceland's national energy company, effective at the end of October after 17 years in the role. Kristín Linda Árnadóttir, the Deputy CEO, will serve as acting CEO. This development comes as the company's board faces accusations of misconduct, described as a 'borderline scandal'.

Mayor Warns Against Scapegoating in Technical School Case

Valdimar Víðisson, Mayor of Hafnarfjörður, expressed disappointment regarding the outcome of the Technical School Case, which means the school will not be built in Hafnarfjörður. He cautioned against seeking a scapegoat in the matter.

Heimildin Valdimar Warns Against Seeking a Scapegoat in the Technical School Case ↗

Teenager Bound and Abandoned in Laugardalur Incident

A disturbing incident occurred in Laugardalur where a teenager was reportedly tied up and left behind.

DV Horrific Incident in Laugardalur: Teenager Bound and Abandoned ↗

Inflation Hits 5.9 Percent, Fuel VAT a Major Factor

Iceland's inflation rate has been measured at 5.9 percent, with the consumer price index rising by 0.39 percent in September. Statistics Iceland attributes a significant portion of this increase (0.32 percentage points) to the higher VAT on gasoline and diesel.

Heimildin Inflation Measured at 5.9 Percent; Higher VAT on Fuel Weighs Heavily ↗

Housing Unaffordability Concerns Rise in Reykjavík

Concerns are mounting that the cost of housing in Reykjavík has become prohibitively expensive, making it unaffordable for many residents to purchase an apartment.

DV 'It's Becoming Unaffordable for People to Buy an Apartment in Reykjavik' ↗

Össur Accuses Hannes of 'MAGA-style Bullying'

Össur Skarphéðinsson, a former politician, has publicly accused Hannes Hólmsteinn Gissurarson, a professor emeritus, of engaging in 'MAGA-style bullying', calling the allegations 'pure nonsense'.

DV Össur Accuses Hannes of MAGA-style Bullying: 'This is Pure Nonsense' ↗