News and Press Releases

24.7.2014 Prime Minister´s Office Letter sent to the Prime Minister of Israel

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
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22.7.2014 Ministry of Finance and Economic Affairs Treasury and Central Bank prepay foreign loans

Today the Republic of Iceland and the Central Bank of Iceland prepaid loans granted from its Nordic neighbours in connection with the Government's IMF-supported economic programme from 2008. The prepayment amounted to 735 million euros, or 114 b.kr. The loans in question originally matured in 2019, 2020, and 2021.
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18.7.2014 Ministry of Finance and Economic Affairs Medium-term Debt Management Strategy 2014-2017

The Ministry of Finance and Economic Affairs has published the government's Medium-term Debt Management Strategy for the period 2014-2017. This is the fourth instance of such publication. The principal changes which have been made since last year's publication concern the guidelines for the composition of the debt portfolio, which provide for a reduced share of inflation-indexed borrowing and a correspondingly greater share of non-indexed loans. A change has also been made to the target for the Treasury's foreign balance with the Central Bank, reducing it from ISK 80 billion to around ISK 60-70 billion on average.

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Sigmundur Davíð Gunnlaugsson's Government


Platform of the Coalition Government

The formation of this government of the Progressive Party and the Independence Party begins a new advance for the country and its people. The government's prime concerns are to improve the situation of households in Iceland and to strengthen business and industry, with greater value creation for the common good.

The government will seek to mobilise the strength of national unity and overcome the antagonism and suspicion which has characterised Icelandic politics and public debate for some time. Progress and an improved standard of living in Iceland depend on cooperation and cohesion, and in the years to come Icelanders will continue to jointly resolve the nation's main challenges co-operatively.

Through its actions the government also intends to eliminate the political uncertainty which has been too conspicuous in Iceland in recent years. Efforts will be directed at achieving a broad reconciliation with the social partners on labour market developments and future investment. It is a prerequisite for Iceland to enter a new era of growth and stability that its economy enjoy trust once more both at home and abroad. This reinforces the foundation of welfare and creates the conditions for improved household economy.

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