Older news
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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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Icelandic authorities welcome decision to declare the wordmark “Iceland” invalid
Icelandic authorities have welcomed the ruling by the European Union Intellectual Property Office (EUIPO) that the wordmark registration of “Iceland”, which had been registered in the European Union b...
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Information for UK nationals living in Iceland
It is possible that the United Kingdom will leave the European Union and the EEA without a withdrawal agreement on 12 April 2019. UK citizens who have their domicile registered in Iceland will be guar...
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Moody's published an issuer on the possible impact of WOW air's collapse on the Icelandic economy
Moody’s published an issuer comment today on the possible impact of WOW air’s collapse on the Icelandic economy. Moody’s expect the short term effect to be negative on 2019 economic growth, but in lon...
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Government actions in support of the Labour Market Living Standards Agreement
45 actions in support of the Living Standards Agreement Scale over the term of the Agreement ISK 80 billion Childbirth leave extended to 12 months In combination, reforms of the incom...