News

The objectives of Iceland's membership of the United Nations Human Rights Council have been achieved in all key respects. This is among the conclusions of a report prepared by the Icelandic Ministry f...

Gudlaugur Thór Thórdarson, Minister for Foreign Affairs and Development Cooperation, today signed the EEA EFTA Separation Agreement on behalf of Iceland, alongside the Foreign Ministers of L...

Meeting held at the Ministry of Finance and Economic affairs In attendance were: Bjarni Benediktsson, Minister of Finance and Economic Affairs, chairman; Ásgeir Jónsson, Governor of the Central Bank o...

The Committee for the Future, appointed by the Prime Minister, has published a report on Icelandic society in 2035-2040. The publication is the first report by the committee and addresses economic, en...

The Ministry of Finance and Economic Affairs has published Medium-Term Debt Management Strategy for the period 2020-2024. The MTDMS is presented on the basis of the fiscal plan, in accordance with Ar...

The Financial Stability Council held its fourth meeting in 2019 on Tuesday, December 17. This was the last meeting of the Financial Stability Council in its current form as, from the 1st of January 20...

Solid economic fundamentals and the authorities‘ swift policy response appropriately supports the economy in the wake of shocks according to a newly released Article IV report on Iceland by the IMF. A...

Iceland remains the top country on the World Economic Forum’s gender gap index for the 11th year running. According to the report, gender parity will not be attained for another century if continued ...

Effective 1 January 2020, handling of cases by the Public Procurement Complaints Commission will be transferred from the Ministry of Finance and Economic Affairs to the Internal Revenue Board. The Rol...

The Minister for the Environment and Natural Resources has issued a regulation tightening fuel requirements, which effectively bans the use of heavy fuel oil in the territorial sea of Iceland. The reg...

Gudlaugur Thór Thórdarson, Minister for Foreign Affairs of Iceland, and Sergey Lavrov, Minister of Foreign Affairs of the Russia Federation, met in Moscow yesterday. The focus of their discussion was...

Today Fitch Ratings has published a new commentary on Iceland´s sovereign ratings. Iceland´s credit ratings are unchanged; Long-Term (LT) foreign- and local ratings are affirmed at A and Short-Term (S...

For the first time during the Icelandic Chairmanship, representatives of the eight Arctic States and six Indigenous Permanent Participant organizations, as well as the Arctic Council’s six Working Gro...

International rating agency S&P Global Ratings has affirmed Iceland’s sovereign ratings at A/A-1 with a stable outlook. The rating agency assumes a mild contraction in GDP in 2019 due to declining...

A resolution on International Equal Pay Day was today adopted by consensus in the Third Committee (Human Rights) of the General Assembly. Iceland, Australia, Canada, Germany, Panama, New Zealand, Sout...

Moody’s Investors Service has upgraded Iceland’s long-term issuer and senior unsecured ratings to A2 from A3, Iceland’s senior unsecured MTN rating to (P)A2 from (P)A3 and other short-term rating to (...

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...

The Government of Iceland disagrees with the decision of the Financial Action Task Force (FATF) to place the country on its list of jurisdictions with strategic AML/CFT deficiencies. The decision is ...

Iceland strongly criticises the Turkish military offensive against Kurds in Northern Syria. This position has been formally communicated to the Turkish authorities. As this military offensive is not i...

The Arctic Council and the Arctic Economic Council hold their first joint meeting today in Reykjavik, bringing together government representatives of the eight Arctic States, business representatives,...