Icelandic free newspaper, Frettabladid has restructured its home delivery service all over Iceland in order to save money. The decision has come in the face of rising costs and lower advertising revenues. Read the full story

Finland’s plans to build the world’s first next-generation pressurised water reactor has hit a rough patch as the initial estimated price tag has now doubled to nearly 4.5 billion euro. Areva, the French nuclear construction company building the power plant, announced that the final costs for the reactor will be 50 percent higher than originally estimated, according to Les Echos, a business newspaper.

The reasons for the increase in building costs at the power plant in Olkiluoto Read the full story

Malta’s only embassy in Scandinavia, located in Copenhagen, is scheduled to close down. A Foreign Ministry spokesman for Malta confirmed the closure, stating “rationalisation and prioritisation” as the reasons for pulling its only embassy out of Scandinavia.

The Times of Malta reports that according to the Malta Foreign Ministry, “the Ministry can confirm that the process has already started to close down our diplomatic presence in Copenhagen”.

The spokesman added, however, that Malta would not be cutting off its diplomatic relations with the Nordic nations. “These relations will be covered through a new Maltese embassy to be opened shortly in Warsaw, Poland. Embassies cost taxpayers a lot of money and we are trying to rationalise the ministry’s expenses and prioritise our diplomatic presence,” the Ministry stated in defence of its decision. Read the full story