News and Articles

Northern Future Forum focuses on creative industries and public sector innovation - 26.10.2015

The Northern Future Forum this week will bring together for the fifth time the Prime Ministers of the Nordic countries, the Baltic countries and the United Kingdom to discuss future trends in northern Europe.

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Glitnir hf. creditor group submits amended proposal for stability contribution - 20.10.2015

A group of Glitnir hf. creditors has prepared amendments to its previous proposal, submitted by letter on 8 June 2015, concerning Glitnir's stability contribution to the State in connection with the comprehensive capital account liberalisation strategy announced that same day. 

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Nine Prime Ministers discuss creative industries and public sector innovation at Northern Future Forum in Reykjavik - 12.10.2015

Prime Minister Sigmundur David Gunnlaugsson has invited the Prime Ministers of the Nordic countries, the Baltic states and the United Kingdom to discuss future trends in northern Europe at the Northern Future Forum seminar, to be held in Reykjavik on 28th – and 29th of October 2015.

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Statement by at the UN Sustainable Development Summit 2015 - 27.9.2015

Statement by Sigmundur Davíð Gunnlaugsson, Prime Minister of Iceland, 26 September 2015 at the United Nations Sustainable Development Summit 2015.

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Two billion ISK reserved for support to refugees and asylum seekers - 20.9.2015

The government of Iceland has decided to recommend to Parliament that 2 billion ISK (14 million EUR) will be provided for support of refugees and asylum seekers in the course of next 15 months in order to respond to the alarming refugee crisis due to the conflict in Syria. More...

Comprehensive strategy for capital account liberalisation - 8.6.2015

The public interest demands that the capital controls be lifted without jeopardising economic and financial stability. The objectives of the current liberalisation strategy are based on the fundamental principal that the controls must be lifted in stages without upsetting the balance in the economy and without imposing additional financial burdens on the Treasury or the Icelandic people.

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“Fundamental reform of the monetary system must be considered.” Says head of Iceland Parliament's Committee for Economic Affairs - 31.3.2015

Frosti Sigurjonsson, Member of the Parliament of Iceland and Chairman of the Committee for Economic Affairs and Trade, today published a report outlining the need for a fundamental reform of Iceland's monetary system.

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Improved equity and debt position of 56,000 households - 10.11.2014

Leiðréttingin

The Prime Minister and the Ministry of Finance and Economic Affairs, together with the project management team of the principal reduction actions, today announced the outcome of the government's Debt Relief Programme in the conference centre Harpa.

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Iceland reinforces its participation in NATO - 10.9.2014

Fáni Atlantshafsbandalagsins

Iceland reinforces its participation in NATO5.9. 2014The NATO Summit in Newport, Wales, concluded this afternoon. Prime Minister Sigmundur Davíð Gunnlaugsson and Foreign Minister Gunnar Bragi Sveinsson participated in the meetings on Iceland´s behalf.

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Letter sent to the Prime Minister of Israel - 24.7.2014

The Prime Minister of Iceland, Mr. Sigmundur David Gunnlaugsson, has today sent the Prime Minister of Israel a letter outlining the Icelandic Government´s gravest concerns about the situation in Gaza where a large number of innocent civilians has lost their lives More...

Agreement with Advisors to Work on Removal of Capital Controls - 10.7.2014

The Ministry of Finance and Economic Affairs has, in consultation with the Ministerial Committee on Economic Affairs and the Steering Group on Removal of Capital Controls, reached an agreement with the legal office Cleary Gottlieb Steen & Hamilton LLP and the consultants White Oak Advisory LLP to assist the Icelandic authorities in removing capital controls. Attorney Lee Buchheit of Cleary Gottlieb Steen & Hamilton will direct the legal office's work on this project. 
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Steps towards eliminating the inflation indexation of new consumer loans - 23.1.2014

The Expert Group on the elimination of inflation-indexation of consumer credit has handed in its proposals. The report proposes that, commencing on 1 January 2015, major steps be taken towards eliminating the inflation indexation of new consumer loans ...

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Recommendations to enhance the productivity and efficiency of government management - 4.12.2013

The Government Efficiency Group has handed in its proposals for enhance the productivity and efficiency of government management.

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Government Action Plan for Household Debt Relief - 30.11.2013

Höfuðstólslækkun húsnæðislána

The Icelandic government today announces an action plan aimed at reducing the country's housing debt. Firstly, the principal of indexed housing mortgages is to be written down and, secondly, tax breaks are proposed for private pension savings contributions originating after the action is implemented.

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Statement by the Government of Iceland on EU threats against the Faroe Islands and Iceland  - 16.8.2013

Iceland is a major stakeholder in relation to the management of various shared fish stocks in the North-East Atlantic. Icelandic fisheries management policy has for many years assured the sustainable utilisation of marine resources, unlike the EU common fisheries policy.

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