Iceland· ReykjavíkReykjavik City Council Plans Asset Sales, Excludes Orkuveitan
Reykjavik's city council plans to sell city-owned companies to achieve a 16 billion ISK surplus over five years, but confirms Orkuveitan (the energy company) will not be sold.
Background
Icelandic municipalities, including Reykjavik, manage various public services and assets. Debates often arise regarding the privatization of these entities, balancing public ownership with financial goals and efficiency. These decisions impact local services and the broader economy.
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Reykjavik City Council Plans Asset Sales, Excludes Orkuveitan
First report 5h agoLast update 2h ago1 takes 1
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started 5h ago•Last update 2h ago
The city council intends to sell certain assets to improve financial standing, while retaining the energy company.
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