News
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14 May 2021 /Iceland 'A/A-1' Ratings Affirmed; Outlook Stable
S&P Global Ratings has affirmed its 'A/A-1' long- and short-term sovereign credit ratings on Iceland. The outlook is stable. Resilient domestic demand helped limit Iceland's economic contraction i...
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20 April 2021 /COVID-19: Temporary introduction of stricter border measures
The Government of Iceland has announced temporary border measures to counter the domestic spread of COVID-19. These measures aim to create conditions to allow lifting domestic restrictions as much as ...
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19 April 2021 /IMF mission concludes Article IV Consultation with Icelandic Authorities and other stakeholders
The International Monetary Fund published its Concluding Statement today, after meeting with the Icelandic Authorities and other stakeholders over the past three weeks. The meetings were part of the ...
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26 March 2021 /Fitch Affirms Iceland at 'A'; Outlook Negative
Fitch Ratings has affirmed Iceland’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘A’ with a Negative Outlook. The 'A' rating is driven by Iceland’s very high income per capita, s...
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22 March 2021 /Fiscal plan 2022-2026: The right measures delivered progress and a positive outlook
The Government’s measures in response to the global COVID-19 pandemic have been highly successful, and the medium-term outlook is more favourable than was assumed last year. Households’ disposable inc...
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28 January 2021 /Treasury issues eurobond with 0% coupon
Today the Republic of Iceland issued a bond in the amount of 750 million euros, the equivalent of ISK 117bn. The bond bears fixed 0% interest and is issued for seven years at a yield of 0,117%. Inves...
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21 January 2021 /Nordic-Baltic countries engage the IMF to conduct an analysis of cross-border money laundering and terrorist financing risks in the region
In the context of a voluntary effort, the Nordic-Baltic countries have asked the IMF to analyse most pertinent ML/TF threats and vulnerabilities in the region given the interconnectedness of the finan...
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30 December 2020 /Medium-Term Debt Management Strategy 2021-2025
The Ministry of Finance and Economic Affairs has published its updated Medium-Term Debt Management Strategy (MTDS) for 2021-2025. The strategy is based on the fiscal plan and sets forth targets and cr...
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08 December 2020 /Nordic Economic Outlook 2020
The Nordic Economic Outlook 2020, an annual report on the economic development in the Nordic Countries in terms of growth, business cycles and public finance has been published by the Nordic Coun...
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20 November 2020 /Resilience: strengthening Iceland’s foothold – Resilience subsidies and support for job-seekers, old-age pensioners, families with children, and vulnerable groups
The Government has decided to pay a special supplement over and above basic unemployment benefits next year, so as to support the large group of people whose income-linked unemployment benefits will e...
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13 November 2020 /Iceland 'A/A-1' Ratings Affirmed; Outlook Stable
International rating agency S&P Global Ratings has affirmed Iceland’s sovereign ratings at A/A-1 with a stable outlook. The rating agency expects the pandemic to cause Iceland's economy to contrac...
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30 October 2020 /Progress of the plan for removal of Capital Controls
The Minister of Finance and Economic Affairs today published a report on the progress of plans to remove restrictions on cross-border capital movements and foreign currency trading. The minister shall...
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27 October 2020 /Icelandic measures for remote workers put in place
The Minister of Tourism, Industry, and Innovation, the Minister of Justice and the Minister of Finance and Economic Affairs have put in place measures to enable non-EEA foreign nationals to reside in ...
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23 October 2020 /Fitch Ratings Affirms Iceland´s ratings at A, outlook negative
Fitch Ratings has affirmed Iceland’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘A’ with a negative outlook. The A rating is driven by the very high income per capita and strong ...
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01 October 2020 /Mitigating measures protect living standards and boost resilience
The Government will continue to use fiscal policy as a powerful tool to protect jobs and provide resilience. According to the fiscal budget proposal for 2021, introduced before Parliament today alongs...
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18 August 2020 /Icelandair Group hf.: Government Guaranteed Credit Facility Approved by the Icelandic Government
As previously announced, Icelandair Group has been in discussions with the Icelandic Government, along with Íslandsbanki and Landsbankinn, regarding a government guaranteed credit facility. The Icelan...
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09 July 2020 /Treasury outcome for 2019 positive by ISK 42bn
The results of the Government accounts for 2019 have now been published and the accounts sent to Parliament. According to the accounts, the outcome was positive by ISK 42bn, as compared with a surplus...
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23 June 2020 /New Climate Action Plan - Iceland will fulfil its commitments and more
With the measures presented today, Iceland is expected to achieve a 35% reduction in greenhouse gas emissions by 2030 – The binding Effort Sharing reduction target to meet the commitments of the ...
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12 June 2020 /Progress of the plan for removal of Capital Controls
The Minister of Finance and Economic Affairs today published a report on the progress of plans to remove restrictions on cross-border capital movements and foreign currency trading. The minister shall...
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27 May 2020 /Treasury issues eurobond
Today the Republic of Iceland issued bonds in the amount of 500 million euros, the equivalent of ISK 76bn. The bonds bear fixed interest of 0.625% and have a 6-year maturity, offering investors a yiel...
