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  • 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...


  • May 15. 2020 Ministry of Finance and Economic Affairs

    S&P Global Ratings Affirms Iceland´s ratings at 'A/A-1'; Outlook Remains 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 assumes that Iceland´s economy will contract by 7.5% in 20...


  • April 28. 2020 Ministry of Justice, Ministry of Social Affairs, Prime Minister's Office, Ministry of Finance and Economic Affairs

    Government of Iceland announces increased support for companies and extension of part-time unemployment benefits

    Icelandic companies that have suffered substantial revenue losses due to the COVID-19 crisis will be given the opportunity to apply for government support to pay a portion of salary costs during the e...


  • April 21. 2020 Ministry of Transport and Local Government, Prime Minister's Office, Ministry of Finance and Economic Affairs

    Government of Iceland Announces Second Phase of Economic Response Package to the COVID-19 Crisis

    Worth up to 420m USD, the latest phase of the economic response focuses on support and protections for small enterprises, innovation and vulnerable groups. Prioritisation of innovation with incre...


  • April 17. 2020 Ministry of Finance and Economic Affairs

    Agreement on guarantee of credit institutions’ supplemental loans to businesses

    The Ministry of Finance and Economic Affairs and the Central Bank of Iceland have signed an agreement laying down terms and conditions for Treasury guarantees of credit institutions’ supplemental lend...


  • April 07. 2020 Ministry of Finance and Economic Affairs

    Moody´s publishes credit opinion on Iceland – rating unchanged at A2 with a stable outlook

    Today, international rating agency Moody´s Investors Service published an updated credit opinion. The opinion does not entail a rating revision and Iceland’s sovereign rating remains at A2 with a stab...


  • March 21. 2020 Ministry of Finance and Economic Affairs, Ministry of Transport and Local Government, Prime Minister's Office, Ministry for Foreign Affairs

    Icelandic Government announces 1.6bn USD response package to the COVID-19 crisis

    Icelandic Government will take on up to 75 percent of salaries State-backed bridging loans for companies Deferral of tax payments Financial support for tourism sector One-off chi...


  • March 17. 2020 Ministry of Finance and Economic Affairs

    Regarding issuance of Government securities

    In view of recent events relating to the COVID–19 pandemic, it is foreseeable that the Treasury’s financing need will increase markedly from previous forecasts. The economic outlook for coming months ...


  • March 10. 2020 Ministry of Finance and Economic Affairs, Prime Minister's Office, Ministry of Transport and Local Government

    Economic response to COVID-19

    The Government of Iceland’s action plan to respond to the economic impact of COVID-19 aims to reduce and shorten the impact on business and the economy while also creating the conditions for a swift r...


  • January 20. 2020 Ministry of Finance and Economic Affairs

    Minutes of the meeting of the Financial Stability Council on December 17 2019

    Meeting held at the Ministry of Finance and Economic affairs In attendance were: Bjarni Benediktsson, Minister of Finance and Economic Affairs, chairman; Ásgeir Jónsson, Governor of the Central Bank o...


  • December 30. 2019 Ministry of Finance and Economic Affairs

    Medium-Term Debt Management Strategy for 2020-2024

    The Ministry of Finance and Economic Affairs has published Medium-Term Debt Management Strategy for the period 2020-2024. The MTDMS is presented on the basis of the fiscal plan, in accordance with Ar...


  • December 20. 2019 Ministry of Finance and Economic Affairs

    Fourth meeting of the Financial Stability Council in 2019

    The Financial Stability Council held its fourth meeting in 2019 on Tuesday, December 17. This was the last meeting of the Financial Stability Council in its current form as, from the 1st of January 20...


  • December 20. 2019 Ministry of Finance and Economic Affairs

    A swift policy response supports the economy

    Solid economic fundamentals and the authorities‘ swift policy response appropriately supports the economy in the wake of shocks according to a newly released Article IV report on Iceland by the IMF. A...


  • December 17. 2019 Ministry of Finance and Economic Affairs

    Handling of cases by the Public Procurement Complaints Commission transferred to the Internal Revenue Board

    Effective 1 January 2020, handling of cases by the Public Procurement Complaints Commission will be transferred from the Ministry of Finance and Economic Affairs to the Internal Revenue Board. The Rol...


  • November 22. 2019 Ministry of Finance and Economic Affairs

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

    Today Fitch Ratings has published a new commentary on Iceland´s sovereign ratings. Iceland´s credit ratings are unchanged; Long-Term (LT) foreign- and local ratings are affirmed at A and Short-Term (S...

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