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05 January 2016Ministry of Finance and Economic Affairs

Treasury Prepays ISK 50 billion of the Central Bank's bond – 10% overall reduction of debt in 2015

At year-end 2015 the Treasury made a payment of ISK 49.9 billion on a bond, issued to the Central Bank of Iceland. This represents one of the largest single repayments of Treasury debt to date. The instalment reduced the Treasury's cash balance with the Central Bank.

09 December 2015Ministry of Finance and Economic Affairs

Treasury finances January-October 2015

Statistics for Treasury finances for January-October 2015 are now available.

08 December 2015Ministry for Foreign Affairs

Utilisation of geothermal energy in Iceland and in East Africa

Mr. Gunnar Bragi Sveinsson, the Icelandic Minister for Foreign Affairs, today made opening remarks at two events in relation to the Climate Change Conference, COP21, in Paris.

01 December 2015Ministry for Foreign Affairs

Global Geothermal Alliance established

Foreign Minister Gunnar Bragi Sveinsson, today announced the establishment of the Global Geothermal Alliance at the COP21. The Alliance is formed by over thirty states and organisations.

30 November 2015Prime Ministers Office

COP21 Summit Paris 30 November 2015

Statement by Sigmundur David Gunnlaugsson, Prime Minister of Iceland.

25 November 2015Ministry for Foreign Affairs

Sixteen projects part of climate change action plan

The government of Iceland has announced a three-year climate change action plan intended to sharpen Iceland's focus on climate change issue.

20 November 2015Ministry of Finance and Economic Affairs

Treasury finances January-September 2015

Statistics for Treasury finances for January-September 2015 are now available.

14 November 2015Ministry for Foreign Affairs

Foreign Minister condemns acts of terrorism in Paris

The Foreign Minister strongly condemns the heinous terrorist attacks that have taken place in Paris and states that the hearts and minds of Icelanders are with those affected.

05 November 2015Ministry for Foreign Affairs

Foreign Ministers of Iceland and Vietnam meet in Hanoi

Foreign Minister Gunnar Bragi Sveinsson met today with Pham Binh Minh, Minister of Foreign Affairs of Vietnam. The meeting was held in connection with the state visit of the President of Iceland to Vietnam. 

28 October 2015Ministry of Finance and Economic Affairs

Consultation between Central Bank and Minister of Finance and Economic Affairs on exemptions for the three failed banks' estates

In the opinion of the Central Bank of Iceland, the draft composition agreements submitted by the estates of the three failed banks satisfy the requirements set forth in the Foreign Exchange Act, in that the implementation of the composition agreements together with the proposed mitigating measures will not jeopardise monetary, exchange rate, or financial stability.…

26 October 2015Prime Ministers Office

Northern Future Forum focuses on creative industries and public sector innovation

The Northern Future Forum this week will bring together for the fifth time the Prime Ministers of the Nordic countries, the Baltic countries and the United Kingdom to discuss future trends in northern Europe.

23 October 2015Ministry for Foreign Affairs

Land Restoration as a Response to Climate Change

Foreign Minister Gunnar Bragi Sveinsson attended the Twelfth Session of the Conference of the Parties to the United Nations Convention to Combat Desertification.

20 October 2015Prime Ministers Office

Glitnir hf. creditor group submits amended proposal for stability contribution

A group of Glitnir hf. creditors has prepared amendments to its previous proposal, submitted by letter on 8 June 2015, concerning Glitnir's stability contribution to the State in connection with the comprehensive capital account liberalisation strategy announced that same day.

20 October 2015Ministry of Finance and Economic Affairs

Glitnir hf. creditor group submits amended proposal for stability contribution

12 October 2015Prime Ministers Office

Nine Prime Ministers discuss creative industries and public sector innovation in Reykjavík

Prime Minister Sigmundur David Gunnlaugsson has invited the Prime Ministers of the Nordic countries, the Baltic states and the United Kingdom to discuss future trends in northern Europe at the Northern Future Forum seminar, to be held in Reykjavik on 28th – and 29th of October 2015.

12 October 2015Ministry for Foreign Affairs

Nine Prime Ministers discuss creative industries and public sector innovation at Northern Future Forum in Reykjavik

Prime Minister Sigmundur David Gunnlaugsson has invited the Prime Ministers of the Nordic countries, the Baltic states and the United Kingdom to discuss future trends in northern Europe at the Northern Future Forum seminar, to be held in Reykjavik on 28th – and 29 th of November. The themes of the meeting are creative industries and simpler, smarter and innovative public services.

09 October 2015Ministry of Finance and Economic Affairs

Treasury finances January-August 2015

Statistics for Treasury finances for January-August 2015 are now available.

05 October 2015Ministry of Finance and Economic Affairs

Third Meeting of the Financial Stability Council in 2015

The third meeting of the Financial Stability Council in 2015 was held on Friday, 2 October, in the Ministry of Finance and Economic Affairs.

05 October 2015Ministry for Foreign Affairs

Foreign Minister welcomes UN Sustainable Develoment Goals 

Statement to the UN General Assembly last Friday by Foreign Minister Gunnar Bragi Sveinsson.

02 October 2015Ministry of Social Affairs and Housing

NEEDS - The First Northern European Conference on Emergency and Disaster Studies - December 9-11, 2015

The interdisciplinary research project Changing Disasters is happy to announce the first Northern European conference on emergency and disaster studies.

02 October 2015Ministry of Social Affairs and Housing

12th World Conference on Injury Prevention and Safety Promotion. September 18-21, 2016

Safety 2016 to be held in Tampere, Finland, on 18 - 21 September 2016. The main theme for the conference is “From research to implementation”.

02 October 2015Ministry of Finance and Economic Affairs

Minutes of the Meeting of the Financial Stability Council of 2 October 2015

Minutes of the Meeting of the Financial Stability Council, 2 October 2015. The meeting was held in the Ministry of Finance and Economic Affairs.

23 September 2015Ministry for Foreign Affairs

City Council withdraws motion on boycott on Israeli products

The Reykjavík City Council withdrew yesterday, 22 September, a motion accepted on 15 September 2015, to prepare and formulate a boycott on Israeli products.

20 September 2015Prime Ministers Office

Two billion ISK reserved for support to refugees and asylum seekers

The government of Iceland has decided to recommend to Parliament that 2 billion ISK (14 million EUR) will be provided for support of refugees and asylum seekers in the course of next 15 months in order to respond to the alarming refugee crisis due to the conflict in Syria.

20 September 2015Ministry for Foreign Affairs

Two billion ISK reserved for support to refugees and asylum seekers

The government of Iceland has decided to recommend to Parliament that 2 billion ISK (14 million EUR) will be provided for support to refugees and asylum seekers to respond to the alarming refugee crisis due to the conflict in Syria.

20 September 2015Ministry for Foreign Affairs

Government reiterates City Council's resolution is not in line with Iceland‘s foreign policy 

The Icelandic government discussed over the weekend the decision by the ruling majority of Reykjavik City Council to implement a boycott of Israeli products.

18 September 2015Ministry for Foreign Affairs

City of Reykjavik's resolution not in line with Iceland‘s foreign policy

Reykjavik City resolution to boycott products from Israel should not be seen to reflect on Iceland‘s relations with Israel.

15 September 2015Ministry of Finance and Economic Affairs

Treasury finances January-July 2015

Statistics for Treasury finances for January-July 2015 are now available.

14 September 2015Ministry of Finance and Economic Affairs

2016 - Fiscal Budget Information

Information regarding the 2016 fiscal budget.

11 September 2015Ministry of Social Affairs and Housing

Welfare risk  – how to react to crises?

An open lecture were the main projects of the Nordic Welfare Watch will be presented, will be held at the Nordic house, Thursday September 17th from 12.00-13.15.

08 September 2015Ministry of Finance and Economic Affairs

National Budget proposal 2016 

The National Budget proposal for 2016 has been submitted to Parliament. The proposal provides for a surplus of ISK 15.3bn, for the third consecutive year with a balanced budget. The primary surplus will continue to be significant, at ISK 73bn, which is larger than in most other countries at present.

01 September 2015Ministry of Finance and Economic Affairs

New OECD survey on Iceland economy

Today, the OECD published a new economic survey on the Icelandic economic situation and policies. The previous survey was published in 2013.

01 September 2015Ministry for Foreign Affairs

New OECD survey on Iceland economy

Today, the OECD published a new economic survey on the Icelandic economic situation and policies. The previous survey was published in 2013.

13 August 2015Ministry for Foreign Affairs

Government deeply regrets Russia's decision on import ban

The Icelandic government deeply regrets the decision of the Russian government to add Iceland to the list of countries that are subjected to an import ban to Russia.

12 August 2015Ministry of Social Affairs and Housing

Public lecture: Danish Disasters!

A century of accidents and catastrophes in Denmark - on land, sea and in the air. On August 20, 2015.

06 August 2015Ministry of Finance and Economic Affairs

Treasury finances January-June 2015

Statistics for Treasury finances for January-June 2015 are now available.

05 August 2015Ministry of Finance and Economic Affairs

Treasury finances January-May 2015

Statistics for Treasury finances for January-April 2015 are now available.

05 August 2015Ministry of Finance and Economic Affairs

Republic of Iceland buys back 400 million of own bonds denominated in USD

Republic of Iceland has purchased for cancellation nominal value of 400 million USD of the bond series “ICELAND 4.875% 06/16/16” (ISIN USX3446PDH48/US451029AD49).

24 July 2015Ministry of Finance and Economic Affairs

Fitch Ratings upgrades Iceland to BBB+

Fitch Ratings has upgraded Iceland's Long-term foreign currency Issuer Default Rating (IDR) to ‘BBB+' from ‘BBB‘ with a stable outlook.  Long-term local currency IDR was also upgraded  to ‘A-' from ‘BBB+' . The agency has also upgraded the Short-term foreign currency IDR to ‘F2' from ‘F3'and upgraded the Country Ceiling to ‘BBB+' from ‘BBB‘.

23 July 2015Ministry for Foreign Affairs

Due to “5-state consultation” on fishing in the Arctic Ocean

The Ministry for Foreign Affairs has called the ambassadors of the United States of America, Denmark, Canada, Norway and the Russian Federation to a meeting in the ministry and made observations on the consultation of the five states on fishing in the Arctic Ocean, signed in Oslo last week.

17 July 2015Ministry of Finance and Economic Affairs

Standard and Poor's upgrades Iceland's rating

Standard & Poor's Ratings Services has raised its long- and short-term foreign and local currency sovereign credit ratings on the Republic of Iceland to ‘BBB/A-2' from 'BBB-/A-3'. The outlook is Stable.

15 July 2015Ministry of Finance and Economic Affairs

Treasury repays Avens bond

Today the Treasury repaid the balance outstanding on the so-called Avens bond totalling EUR 192 million plus interest. The original face value of the bond, issued in 2010 and to be repaid in instalments with final maturity in 2025, was EUR 402 million.

14 July 2015

Assessment of the Work of the Welfare Watch

The Ministry of Welfare gave the Social Science Research Institute of the University of Iceland the task of assessing and mapping the work of the Welfare Watch, which was set up in 2009 following the economic collapse.

03 July 2015Ministry of Finance and Economic Affairs

Legislation on Stability Levy adopted unanimously

The Icelandic parliament Althingi today passed the Bill of the Minister of Finance and Economic Affairs on a stability levy, concerning which a political consensus was achieved in the Althingi. The new Act on a Stability Levy introduces a one-off levy, with the objective of creating the premises for removal of the capital controls introduced in Iceland in the wake of the…

03 July 2015Ministry of Infrastructure

National Cyber Strategy for Iceland released

The Minister of the Interior has released the Icelandic National Cyber Security Strategy for Iceland - for 2015–2026 and a thee year Action Plan. The new strategy is also linked to a broader set of national policies and resolutions, e.g. on civil protection and public security, law enforcement and the information society.

30 June 2015Ministry of Finance and Economic Affairs

Moody's upgrades Iceland's rating

Moody's has upgraded the government of Iceland's government debt ratings to Baa2 from Baa3.

29 June 2015Ministry of Finance and Economic Affairs

Government Accounts 2014

The results of Government Accounts for 2014 have now been published and the accounts forwarded to the Althingi. The current balance for the year was positive by ISK 46.4 billion, which is a better than expected result. By comparison, the 2013 outcome was a small deficit.

29 June 2015Ministry of Finance and Economic Affairs

Treasury finances January-April 2015

Statistics for Treasury finances for January-April 2015 are now available.

17 June 2015Prime Ministers Office

Address by Prime Minister, Mr Sigmundur Davíð Gunnlaugsson, at Austurvöllur, 17 June 2015

"Our National Day on 17 June has had a place in our hearts for more than a hundred years. Public meetings were first held on this date in 1907 to commemorate the birthday of Jón Sigurðsson and it was on the centenary of his birth, in 1911, that a national holiday was first celebrated in his memory. "

08 June 2015Prime Ministers Office

Comprehensive strategy for capital account liberalisation

The public interest demands that the capital controls be lifted without jeopardising economic and financial stability. The objectives of the current liberalisation strategy are based on the fundamental principal that the controls must be lifted in stages without upsetting the balance in the economy and without imposing additional financial burdens on the Treasury or the Icelandic people.

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Treasury Prepays ISK 50 billion of the Central Bank's bond – 10% overall reduction of debt in 2015

Treasury finances January-October 2015

Utilisation of geothermal energy in Iceland and in East Africa

Global Geothermal Alliance established

COP21 Summit Paris 30 November 2015

Sixteen projects part of climate change action plan

Treasury finances January-September 2015

Foreign Minister condemns acts of terrorism in Paris

Foreign Ministers of Iceland and Vietnam meet in Hanoi

Consultation between Central Bank and Minister of Finance and Economic Affairs on exemptions for the three failed banks' estates

Northern Future Forum focuses on creative industries and public sector innovation

Land Restoration as a Response to Climate Change

Glitnir hf. creditor group submits amended proposal for stability contribution

Glitnir hf. creditor group submits amended proposal for stability contribution

Nine Prime Ministers discuss creative industries and public sector innovation in Reykjavík

Nine Prime Ministers discuss creative industries and public sector innovation at Northern Future Forum in Reykjavik

Treasury finances January-August 2015

Third Meeting of the Financial Stability Council in 2015

Foreign Minister welcomes UN&nbsp;Sustainable Develoment Goals&nbsp;

NEEDS - The First Northern European Conference on Emergency and Disaster Studies -&nbsp;December 9-11, 2015

12th World Conference on Injury Prevention and Safety Promotion. September 18-21, 2016

Minutes of the Meeting of the Financial Stability Council of 2 October 2015

City Council withdraws motion on boycott on Israeli products

Two billion ISK reserved for support to refugees and asylum seekers

Two billion ISK reserved for support to refugees and asylum seekers

Government reiterates City Council's resolution is not in line with&nbsp;Iceland‘s foreign policy&nbsp;

City of Reykjavik's resolution not in line with Iceland‘s foreign policy

Treasury finances January-July 2015

2016 - Fiscal Budget Information

Welfare risk &nbsp;– how to react to crises?

National Budget proposal 2016&nbsp;

New OECD survey on Iceland economy

New OECD survey on Iceland economy

Government deeply regrets Russia's decision on import ban

Public lecture: Danish Disasters!

Treasury finances January-June 2015

Treasury finances January-May 2015

Republic of Iceland buys back 400 million of own bonds denominated in USD

Fitch Ratings upgrades Iceland to BBB+

Due to “5-state consultation” on fishing in the Arctic Ocean

Standard and Poor's upgrades Iceland's rating

Treasury repays Avens bond

Assessment of the Work of the Welfare Watch

Legislation on Stability Levy adopted unanimously

National Cyber Strategy for Iceland released

Moody's upgrades Iceland's rating

Government Accounts 2014

Treasury finances January-April 2015

Address by Prime Minister, Mr Sigmundur Davíð Gunnlaugsson, at Austurvöllur, 17 June&nbsp;2015

Comprehensive strategy for capital account liberalisation

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Foreign Minister welcomes UN Sustainable Develoment Goals

NEEDS - The First Northern European Conference on Emergency and Disaster Studies - December 9-11, 2015

Government reiterates City Council's resolution is not in line with Iceland‘s foreign policy

Welfare risk – how to react to crises?

National Budget proposal 2016

Address by Prime Minister, Mr Sigmundur Davíð Gunnlaugsson, at Austurvöllur, 17 June 2015