News
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28 June 2019 /Government accounts 2018 – Robust Treasury position
The results of the Government accounts for 2018 have now been published and the accounts sent to Parliament. The accounts show a surplus of ISK 84bn, as compared with a surplus of ISK 39bn in 2017. Th...
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28 June 2019 /Trade dialogue with the United States
The United States Trade Representative (USTR) and an interagency delegation from Iceland led by the Ministry for Foreign Affairs convened in Reykjavík on June 27, 2019, for a trade dialogue. Iceland ...
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24 June 2019 /Iceland supports campaign for equal rights of LGBTI+ people
The Minister for Foreign Affairs, Gudlaugur Thór Thórdarson, has decided to donate USD 100,000 in funding to Free & Equal, the UN public information campaign aimed at promoting equal rights and fa...
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20 June 2019 /First meeting of Iceland's Arctic Council Chairmanship in Reykjanesbær
Iceland took over the Chairmanship of the Arctic Council in early May. The first Senior Arctic Official’s (SAO) executive meeting under the Icelandic Chairmanship was held on 18-19 June in Reykjanesbæ...
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18 June 2019 /Declaration of Intent of the Government, Heavy Industry and Reykjavik Energy on the Capture and Sequestration of Carbon
Katrín Jakobsdóttir, Prime Minister, Guðmundur Ingi Guðbrandsson, Minister for the Environment and Natural Resources, Þórdís Kolbrún Reykfjörð Gylfadóttir, Minister for Tourism, Industry and Innovatio...
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13 June 2019 /Republic of Iceland issues a new Eurobond at the lowest yields in the Republic´s history
The Republic of Iceland has today concluded agreements on issuance of bonds totalling EUR 500 million, or the equivalent of ISK 71 billion. The bonds bear fixed interest of 0.1% and have a 5-year mat...
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11 June 2019 /Phone call between the Foreign Ministers of Iceland and Turkey
The Minister for Foreign Affairs of Iceland, Gudlaugur Thór Thórdarson spoke today with the Minister of Foreign Affairs of Turkey, Mr. Mevlüt Çavuşoğlu, regarding the arrival of the Turkish National F...
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10 June 2019 /Statement from the Ministry for Foreign Affairs
The Icelandic Ministry for Foreign Affairs can confirm that it has been in a communication with the Turkish authorities regarding the arrival of the Turkish National Football Team to Keflavik Internat...
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05 June 2019 /Republic of Iceland launches a cash tender offer and announces intention to issue new notes
The Republic of Iceland (the Offeror) announces today an invitation to holders of its outstanding €750,000,000 2.50 per cent. Notes due 15 July 2020 (ISIN: XS1086879167) to tender their Notes for purc...
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29 May 2019 /Revised fiscal policy statement: Positive overall balance for the general government is assured
Due to a lower debt level and sustained fiscal surpluses in recent years, the domestic economy is well prepared to face temporary headwinds. Performance targets are scaled downwar...
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29 May 2019 /Iceland to address the spread of antibiotic resistance
Today, the Government of Iceland launched an action plan aiming to curb the spread of antibiotic resistance. By implementing this action plan, Iceland intends to be at the forefront of addressing this...
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28 May 2019 /Iceland awarded the Womenomics Honorary Award
Iceland has been awarded the Womenomics Honorary Award for its contribution to gender equality. Gudlaugur Thór Thórdarson, Minister for Foreign Affairs of Iceland, received the award for Iceland’s pos...
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24 May 2019 /Fitch ratings upgrades Iceland´s ST ratings to F1+; affirms LT ratings at A stable
Today Fitch ratings has published a new report on Iceland´s sovereign ratings. Iceland´s Short-Term (ST) foreign- and local currency ratings are upgraded to F1+ from F1, in line with the agency´s publ...
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22 May 2019 /Annual Report: Foreign Affairs 2019
An English excerpt of Minister Gudlaugur Thor Thordarson‘s report on Foreign Affairs is now available. The Minister presented the report to the Althingi Parliament in late April. The entire repor...
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21 May 2019 /Moody´s publishes credit opinion on Iceland – rating unchanged at A3 with a positive outlook
Today, international rating agency Moody´s Investors Service published an updated credit opinion. The opinion does not entail a rating revision and Iceland’s sovereign rating remains at A3 with a posi...
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17 May 2019 /S&P Global Ratings affirms Iceland’s sovereign ratings at A/A-1 with a stable outlook
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 recession in 2019 due to declining tourist arriv...
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07 May 2019 /Minutes of the meeting of the Financial Stability Council on April 1st 2019
Meeting held at the Ministry of Finance and Economic Affairs In attendance were: Bjarni Benediktsson, Minister of Finance and Economic Affairs, chairman; Már Guðmundsson, Governor of the Central Bank ...
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07 May 2019 /Iceland assumes Chairmanship of the Arctic Council
Iceland has assumed the Chairmanship of the Arctic Council and will lead the Council for two years. This morning, Minister for Foreign Affairs of Iceland, Guðlaugur Thór Thórdarson, received the gavel...
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03 May 2019 /Fitch places Iceland´s Short-Term Ratings Under Criteria Observation in line with revised criteria
Fitch ratings published a commentary today stating that short-term ratings of Iceland in foreign and local currency, have been placed Under Criteria Observation (UCO) with the possibility of an upgrad...
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03 May 2019 /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...
