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In November 2008, as part of its Stand-By Arrangement with the International Monetary Fund, the Icelandic Government undertook to invite an experienced bank supervisor to assess the regulatory framewo...

On 26 March 2009, Össur Skarphéðinsson, Minister for Foreign Affairs and Industry, Ólöf Ýrr Atladóttir, Director of the Icelandic Tourist Board, and Jón Ásbergsson, CEO of the Trade Council of Iceland...

A report on Nordic development and humanitarian programmes in Afghanistan has been published. The report gives a good overview of individual country contributions in Afghanistan and discusses the pote...

At a cabinet meeting on 24 March, the Minister of Justice presented plans for substantially boosting financial allocations to the Office of the Special Prosecutor, which was set up to investigate matt...

According to figures from Statistics Iceland, the Consumer Price Index (CPI) dropped by 0.56% MoM in March. The 12M inflation rate which was 17.6% in February is now 15.2% and the 12-month rate of the...

In accordance with the rules on capital contributions from the Treasury to savings banks, which were issued on December 17, 2008, the Ministry of Finance has already received applications from Sparisj...

Denmark’s Minister of Defence, Soren Gade today met with Iceland’s Foreign Minister, Ossur Skarphedinsson, and Iceland’s Minister of Justice, Ragna Arnadottir. Air-policing in Icela...

A mission from the International Monetary Fund (IMF), headed by Mark Flanagan, visited Reykjavik February 26-March 13 to conduct discussions for the first review under the US$2.1 billion Stand-By Arra...

During the past two weeks an International Monetary Fund (IMF) mission has been working with Icelandic authorities on the first review of the economic recovery programme and IMF Stand-by Arrangement f...

Absentee voting for the 25 April Parliamentary elections in Iceland will begin on Monday, 16 March 2009. Voting will take place in all Embassies of Iceland, the Permanent Delegation to the Council of ...

Government Policy for Ecological Procurement: The State as an informed and ecologically minded buyer (PDF 1,71 MB), March 2009

1 1 The Preschool Act No. 90, 12 June 2008 CHAPTER I Scope and Objective Article 1 Scope This Act covers preschool activities. The preschool constit...

Ministry of Finance, Press Release No. 14/2009 The Government of Iceland has taken steps to strengthen and streamline the process of negotiations between the three new banks created in the wake of th...

    Professor Valur Ingimundarson, Chairman of the interdisciplinary Commission for a Risk Aassessment for Iceland, today delivered the Commission’s report to the Minister for Fo...

The government of Iceland has approved a bill from the Minister of Finance to establish, as a limited liability company owned by the state, an Asset Management Company (AMC) to promote the restructuri...

The governing coalition of the Social Democratic Alliance and Left-Green Movement intends to submit a bill to the Althingi greatly extending the authorisation of the Special Prosecutor to gather and d...

Treasury finances January 2009 (PDF 55K) Cash Flow Statement in January 2005–2009 Millions of krónur 2005 2006 2007 2008 2009 Revenue 29 894 41 132 51 972 ...

At a meeting held on 3 February, the Government of Iceland approved a proposal from the Prime Minister to conclude a contract with the international corporate advisory firm Hawkpoint to work under the...

The Prime Minister has today appointed two expert members to the Monetary Policy Committee, as provided for in provisions of Act No. 36/2001, on the Central Bank of Iceland, as subsequently amended. T...

As provided for in Temporary Provision II of the Act Amending the Act on the Central Bank of Iceland, the Prime Minister today appointed Svein Harald Øygard provisionally to the position of Governor o...