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  • June 29. 2021 / Ministry of Finance and Economic Affairs

    Treasury outcome affected by the pandemic

    The results of the Government accounts for 2020 have now been published and the accounts sent to Parliament. According to the accounts, the outcome was negative by ISK 144bn, as compared with a surplu...


  • May 14. 2021 / Ministry of Finance and Economic Affairs

    Iceland 'A/A-1' Ratings Affirmed; Outlook Stable

    S&P Global Ratings has affirmed its 'A/A-1' long- and short-term sovereign credit ratings on Iceland. The outlook is stable. Resilient domestic demand helped limit Iceland's economic contraction i...


  • April 20. 2021 / Ministry of Finance and Economic Affairs, Ministry of Health, Ministry of Justice, Ministry of Transport and Local Government, Prime Minister's Office, Ministry for Foreign Affairs

    COVID-19: Temporary introduction of stricter border measures

    The Government of Iceland has announced temporary border measures to counter the domestic spread of COVID-19. These measures aim to create conditions to allow lifting domestic restrictions as much as ...


  • April 19. 2021 / Ministry of Finance and Economic Affairs

    IMF mission concludes Article IV Consultation with Icelandic Authorities and other stakeholders

    The International Monetary Fund published its Concluding Statement today, after meeting with the Icelandic Authorities and other stakeholders over the past three weeks. The meetings were part of the ...


  • January 28. 2021 / Ministry of Finance and Economic Affairs

    Treasury issues eurobond with 0% coupon

    Today the Republic of Iceland issued a bond in the amount of 750 million euros, the equivalent of ISK 117bn. The bond bears fixed 0% interest and is issued for seven years at a yield of 0,117%. Inves...


  • January 21. 2021 / Ministry of Justice, Ministry of Finance and Economic Affairs

    Nordic-Baltic countries engage the IMF to conduct an analysis of cross-border money laundering and terrorist financing risks in the region

    In the context of a voluntary effort, the Nordic-Baltic countries have asked the IMF to analyse most pertinent ML/TF threats and vulnerabilities in the region given the interconnectedness of the finan...


  • December 30. 2020 / Ministry of Finance and Economic Affairs

    Medium-Term Debt Management Strategy 2021-2025

    The Ministry of Finance and Economic Affairs has published its updated Medium-Term Debt Management Strategy (MTDS) for 2021-2025. The strategy is based on the fiscal plan and sets forth targets and cr...


  • December 08. 2020 / Ministry of Finance and Economic Affairs

    Nordic Economic Outlook 2020

    The Nordic Economic Outlook 2020, an annual report on the economic development in the Nordic Countries in terms of growth, business cycles and public finance has been published by the Nordic Coun...


  • November 20. 2020 / Ministry of Social Affairs, Ministry of Transport and Local Government, Prime Minister's Office, Ministry of Finance and Economic Affairs

    Resilience: strengthening Iceland’s foothold – Resilience subsidies and support for job-seekers, old-age pensioners, families with children, and vulnerable groups

    The Government has decided to pay a special supplement over and above basic unemployment benefits next year, so as to support the large group of people whose income-linked unemployment benefits will e...


  • November 13. 2020 / Ministry of Finance and Economic Affairs

    Iceland 'A/A-1' Ratings Affirmed; Outlook Stable

    International rating agency S&P Global Ratings has affirmed Iceland’s sovereign ratings at A/A-1 with a stable outlook. The rating agency expects the pandemic to cause Iceland's economy to contrac...


  • October 30. 2020 / Ministry of Finance and Economic Affairs

    Progress of the plan for removal of Capital Controls

    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...


  • October 27. 2020 / Ministry of Industries and Innovation, Ministry of Justice, Ministry of Finance and Economic Affairs

    Icelandic measures for remote workers put in place

    The Minister of Tourism, Industry, and Innovation, the Minister of Justice and the Minister of Finance and Economic Affairs have put in place measures to enable non-EEA foreign nationals to reside in ...


  • October 23. 2020 / Ministry of Finance and Economic Affairs

    Fitch Ratings Affirms Iceland´s ratings at A, outlook negative

    Fitch Ratings has affirmed Iceland’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘A’ with a negative outlook. The A rating is driven by the very high income per capita and strong ...


  • October 01. 2020 / Ministry of Finance and Economic Affairs

    Mitigating measures protect living standards and boost resilience

    The Government will continue to use fiscal policy as a powerful tool to protect jobs and provide resilience. According to the fiscal budget proposal for 2021, introduced before Parliament today alongs...


  • August 18. 2020 / Ministry of Finance and Economic Affairs

    Icelandair Group hf.: Government Guaranteed Credit Facility Approved by the Icelandic Government

    As previously announced, Icelandair Group has been in discussions with the Icelandic Government, along with Íslandsbanki and Landsbankinn, regarding a government guaranteed credit facility. The Icelan...


  • July 09. 2020 / Ministry of Finance and Economic Affairs

    Treasury outcome for 2019 positive by ISK 42bn

    The results of the Government accounts for 2019 have now been published and the accounts sent to Parliament. According to the accounts, the outcome was positive by ISK 42bn, as compared with a surplus...


  • June 23. 2020 / Ministry of Education Science and Culture, Ministry of Finance and Economic Affairs, Ministry of Industries and Innovation, Ministry of Justice, Ministry of Transport and Local Government, Prime Minister's Office, Ministry for the Environment and Natural Resources

    New Climate Action Plan - Iceland will fulfil its commitments and more

    With the measures presented today, Iceland is expected to achieve a 35% reduction in greenhouse gas emissions by 2030 – The binding Effort Sharing reduction target to meet the commitments of the ...


  • June 12. 2020 / Ministry of Finance and Economic Affairs

    Progress of the plan for removal of Capital Controls

    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...


  • May 27. 2020 / Ministry of Finance and Economic Affairs

    Treasury issues eurobond

    Today the Republic of Iceland issued bonds in the amount of 500 million euros, the equivalent of ISK 76bn. The bonds bear fixed interest of 0.625% and have a 6-year maturity, offering investors a yiel...


  • May 22. 2020 / Ministry of Finance and Economic Affairs

    Fitch Revises Iceland's Outlook to Negative; Affirms at A

    Fitch Ratings has revised Iceland’s Outlook to Negative from Stable and affirmed Iceland’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘A’. The revision of the Outlook to Negative refle...

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