Fisheries & Trade: Tonga has become the first country to submit a fisheries subsidy notification under the WTO’s Fish Fund, aiming to plug gaps in fisheries management and reporting so it can meet the transparency rules tied to ending harmful subsidies. Aviation & Travel Demand: ACI Europe says European passenger traffic fell 0.7% in Apr-2026 as “revenge travel” fades, with Iceland among the small markets showing the decline; the group also points to delays from the EU’s biometric entry scheme. EU Mobility Paperwork: Austria is floating scrapping the Anmeldebescheinigung, a registration certificate for EEA and Swiss citizens staying over three months, arguing it adds bureaucracy without benefits. Business Finance: Alvotech closed a $98m underwritten public offering and also ran a concurrent private placement, while separately announcing a new proposed $125m offering. Iceland in the Spotlight: Iceland’s National Day celebrations drew crowds in Reykjavík, with official addresses and a wreath-laying at Jón Sigurðsson’s grave. Local Media & Culture: Znaki FM launched as a new information website dedicated to Iceland, covering culture, tourism, business and current events. Arctic/EU Politics: A new piece frames Iceland’s EU referendum as a “Brexit moment” coming from the opposite direction, with talks expected to move ahead in the coming years. Maritime Decarbonisation: FuelEU Maritime compliance is reported as largely on track across the EU, with note that application is delayed in Norway and Iceland due to EEA incorporation timing.