Older news
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Treasury finances January-June 2016
Statistics for Treasury finances for January-June 2016 are now available. Treasury finances January-June 2016
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Guðni Th. Jóhannesson sworn in as President
Guðni Th. Jóhannesson took office yesterday, 1 August, as the 6th President of the Republic of Iceland. He signed the oath of office during a ceremony at the Parliament of Iceland, Alþingi, and was gr...
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Situation in Turkey very serious
„The Icelandic government has followed recent events in Turkey very closely and expresses its concerns about the situation, which has become very serious“, says Lilja Alfredsdóttir, Minister for Forei...
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Fitch Ratings: change in methodology aligns long-term local currency ratings with long-term foreign currency ratings
This week international rating agency Fitch Ratings held a global portfolio rating committee related to an overhaul of the Agency's sovereign methodology released on May 26th, 2016. The results of the...
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Standard & Poor's affirms Iceland's sovereign ratings at BBB+/A-2 with a stable outlook
International rating agency Standard & Poor's has affirmed Iceland's sovereign ratings at BBB+/A-2 with a stable outlook. Standard & Poor's expects economic growth in Iceland to remain strong ...
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Fitch Ratings affirms Iceland's sovereign rating at BBB+ with stable outlook
Fitch Ratings has affirmed Iceland's Long-term foreign and local currency Issuer Default Ratings (IDR) at ‘BBB+' and ‘A-' respectively with Stable Outlooks. The issue ratings on Iceland's senior unsec...
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Third Meeting of the Financial Stability Council in 2016
The third meeting of the Financial Stability Council in 2016 was held on Tuesday, 5 July, in the Ministry of Finance and Economic Affairs. At its meeting the Council reviewed the main risk factors in ...
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Treasury finances January-May 2016
Statistics for Treasury finances for January-May 2016 are now available. Treasury finances January-May 2016
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Joint Declaration between Iceland and the United States on security and defense affairs
Joint Declaration between Iceland and the United States on security and defense affairsMinister for Foreign Affairs of Iceland, Lilja Alfreðsdóttir, and Deputy Secretary of Defence of the United State...
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Support of funding and operation of new business ventures and small growth companies
On 2 June 2016, Parliament passed amendments to legislation on the support of funding and operation of new business ventures and small growth companies. The main changes centre on taxation of stock pu...
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Reactions to UK's decision to leave the EU
During its meeting earlier today the Government of Iceland discussed the results of the British referendum on European Union membership and UK's decision to leave the EU.The United Kingdom is one of I...
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Republic of Iceland buys back its own debt
Today the Republic of Iceland bought back its own debt in the nominal series RIKH 18 1009, in the nominal amount of 30 bn. ISK at a price of 100.29. The maturity of the series is in October 2018. Orig...
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IMF Executive Board completes Article IV Consultation on Iceland
On 20 June 2016, the Executive Board of the International Monetary Fund (IMF) completed its Article IV Consultation on the status and outlook for the Icelandic economy. An IMF mission visited Iceland ...
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New legislation on home sharing to take effect in Iceland
The parliament of Iceland (Althingi) passed a Bill amending legislation no. 85/2007 regarding tourist accommodation licensing (Icelandic: Lög um veitingastaði, gististaði og skemmtanahald) on May 31st...
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Over 70 Foreign Ambassadors participated in the National Day celebrations
Ambassadors from 72 countries participated in the traditional national day celebrations on June 17 in Reykjavík. The participation of foreign representatives has been an inseperable part of the offici...
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Government Accounts 2015
The results of Government Accounts for 2015 have now been published and the accounts forwarded to the Icelandic parliament Althingi. The current balance for the year was positive by ISK 20.0 billion, ...
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Republic of Iceland repays bonds for 62 billion ISK
Republic of Iceland today completed repayment of bonds issued in 2011 maturing today. The outstanding balance on the bonds series totalled USD 503 million, or equivalent to around ISK 62 billion. Paym...
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Treasury finances January-April 2016
Statistics for Treasury finances for January-April 2016 are now available. Treasury finances January-April 2016
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Measures to curb the negative effects of inflows of foreign currency
This afternoon, Bjarni Benediktsson, the minister of Finance and Economic Affairs, presented a bill to the Althing regarding amendments to the Foreign Exchange Act, the Act on the Handling of ISK Asse...
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Q&A on the Act on the treatment of króna-denominated assets subject to special restrictions
Questions and answers on the Act on the treatment of króna-denominated assets subject to special restrictions and Central Bank of Iceland foreign currency auction are now available. Q&A on the Act...