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The Minister for Foreign Affairs of Iceland, Mr. Guðlaugur Þór Þórðarson, is on an official visit to India where he arrived on 7 December on the first direct flight between the two countries. During h...

Today, Fitch Ratings affirmed Iceland’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at A with a stable outlook. According to the rating agency, this rating balances the economy’s very high ...

Today S&P Global affirmed Iceland’s A/A-1 long- and short-term foreign and local currency sovereign credit ratings with a stable outlook. According to the rating agency, Iceland’s fiscal and exter...

This morning the Government agreed to present to Parliament a bill of legislation from the Minister of Finance and Economic Affairs, which provides for amendments to the Act on the Treatment of Króna-...

On 1 December 2018, the Government of Iceland celebrated the centenary of Iceland as a sovereign country. Cultural events and exhibits in Reykjavik and around Iceland were open to the public. HM the...

Katrín Jakobsdóttir, Prime Minister of Iceland, convened a high-level roundtable of women leaders to discuss peace, security and sustainability in Höfði House today. Calling for inclusive and sustaina...

This week the Treasury bought back its own bonds from the Central Bank of Iceland in the amount of ISK 24bn. The securities in question are nominal Treasury bonds in the RIKB 20, RIKB 22, RIKB 25, and...

On 1 December 2018, the Government of Iceland will host a cultural programme celebrating the centenary of Iceland as a sovereign country. The program will explore the past while focusing on the future...

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 ...

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 leaders of Iceland and the UK have agreed that Icelandic citizens in the UK and British citizens in Iceland will retain their residence rights after Brexit, even in the case of a no-deal with the ...

This week, Iceland hosts the annual NATO conference on weapons of mass destruction, arms control, disarmament and non-proliferation. Gudlaugur Thór Thórdarson, Iceland‘s Minister for Foreign Affairs s...

This month NATO Exercise Trident Juncture 2018 takes place in Iceland, Norway, Sweden, and Finland. As an integral part of Trident Juncture, several activities took place in Iceland last week with the...

The annual Arctic Circle Assembly took place at Harpa last week, attracting over 2,000 guests from over fifty countries. The assembly, led by Ólafur Ragnar Grímsson former President of Iceland, has be...

The fourth meeting of the Financial Stability Council in 2018 was held on Friday October 5th. The meeting discussed risks in the financial system which is still considered moderate, despite having inc...

The results of the Government accounts for 2017 have now been published and the accounts sent to Parliament. The accounts show a surplus of ISK 39bn, showing Iceland’s strong fiscal position. Revenues...

The Ministerial Committee on Economic Affairs and Restructuring of the Financial System has decided to commence a review of the statutory framework for monetary policy, macroprudential policy, and fin...

Mr. Gudlaugur Thor Thordarson, Minister for Foreign Affairs, is back from his visit to New York, where he attended the United Nations General Assembly. He then went on to France, where he met wit...

A mission from the International Monetary Fund has issued the following concluding statement after a two week Article IV Consultation visit to Iceland. The mission met with representatives of governme...

The authorities intend to establish a sovereign wealth fund, the National Fund of Iceland. The purpose of the Fund will primarily be to serve as a sort of disaster relief reserve for the nation, when ...