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  • October 10. 2017 / Ministry of Finance and Economic Affairs

    Third meeting of the Financial Stability Council in 2017

    The third meeting of the Financial Stability Council in 2017 was held on Monday 9 October at the Ministry of Finance and Economic Affairs.Overall, the risk in the financial system is considered rather...


  • September 12. 2017 / Ministry of Finance and Economic Affairs

    National Budget Proposal 2018

    The Fiscal Budget Proposal submitted to the Icelandic parliament Althingi today is consistent with the objectives of the five-year Fiscal Plan for 2018-2022, adopted by the Althingi last June. The 201...


  • July 07. 2017 / Ministry of Finance and Economic Affairs

    Fitch upgrades Iceland to ‘A-' outlook is positive

    Fitch Ratings has upgraded Iceland‘s long-term foreign and local-currency Issuer Default Ratings (IDRs) to ‘A-' from ‘BBB+' with positive outlook. The main drivers behind the upgrade are reduced exter...


  • June 30. 2017 / Ministry of Finance and Economic Affairs

    Standard & Poor‘s affirms Iceland‘s Sovereign ratings at A/A-1 with a stable outlook

    In accordance with its publication schedule, on June 30 2017, S&P Global Ratings affirmed its 'A/A-1' long- and short-term foreign and local currency sovereign credit ratings on the Republic of Ic...


  • June 22. 2017 / Ministry of Finance and Economic Affairs

    Second meeting of the Financial Stability Council in 2017

    The second meeting of the Financial Stability Council in 2017 was held on Tuesday 20 June at the Ministry of Finance and Economic Affairs. On the whole, risks in the financial system are relatively li...


  • June 14. 2017 / Ministry of Finance and Economic Affairs

    Government Accounts 2016

    The results of Government Accounts for 2016 have now been published and the accounts forwarded to the Althingi. The principal outcome of the 2016 Government Accounts is a revenue surplus of ISK 294.6 ...


  • April 27. 2017 / Ministry of Finance and Economic Affairs

    Request for court-appointed assessors withdrawn

    Four investment funds authorised in January by the Supreme Court to pose questions to court-appointed assessors have withdrawn their request. The request was filed due to planned legal action agains...


  • April 08. 2017 / Ministry of Finance and Economic Affairs

    First meeting of the Financial Stability Council 2017

    The first meeting of the Financial Stability Council in 2017 was held on Thursday 6 April at the Ministry of Finance and Economic Affairs. In mid-March, virtually all of the remaining capital cont...


  • April 05. 2017 / Ministry of Finance and Economic Affairs

    Republic of Iceland buys back 876.9 million of own bonds denominated in USD

    Republic of Iceland has purchased for cancellation nominal value of 876.9 million USD in the “ICELAND 5.875%” series due in 2022 (Reg S ISIN USX34650AA31 and 144A ISIN US451029AE22; Reg S CUSIP X34650...


  • March 31. 2017 / Ministry of Finance and Economic Affairs

    Fiscal Plan for 2018-2022

    The five-year fiscal plan is to be presented before Parliament today. In coming years, particular emphasis will be placed on infrastructure development and strengthening the social welfare system, inc...


  • March 17. 2017 / Ministry of Finance and Economic Affairs

    S&P Research Update Republic of Iceland Ratings Raised To 'A/A-1' OnLifting Of Capital Controls

    S&P has raised Republic of Iceland Ratings to 'A/A-1' on lifting of capital controls. Outlook is stable. S&P say:We believe that the recent lifting of most of the remaining capital • controls ...


  • March 17. 2017 / Ministry of Finance and Economic Affairs

    Moody‘s Investors Service, Issuer Comment on the Government of Iceland

    Today Moody‘s Investors Service issued a Comment on the Government of Iceland: Elimination of Capital Controls is Credit Positive for the Sovereign and the Financial Sector.  It can be accessed h...


  • March 12. 2017 / Ministry of Finance and Economic Affairs

    Iceland Lifts Capital Controls

     Capital controls on individuals, firms, and pension funds lifted by the new Icelandic Government Central Bank expected to acquire a majority of króna held offshore The Government of Iceland to...


  • February 01. 2017 / Ministry of Finance and Economic Affairs

    Treasury finances January-November 2016

    Statistics for Treasury finances for January-November 2016 are now available. Treasury finances January-November 2016


  • January 13. 2017 / Ministry of Finance and Economic Affairs

    Fitch raises outlook to positive

    Fitch, the credit rating agency today issued its rating for Iceland. The prospects were upgraded to positive, whereas previously they were seen as stable. The long-term ratings in foreign and domestic...


  • January 13. 2017 / Ministry of Finance and Economic Affairs

    S&P raises the credit rating of the Treasury to A-

    The credit rating agency Standard & Poor‘s today raised the credit rating of Iceland´s long-term foreign and local currency debt to A- from BBB+ with a stable outlook. The main reason for the incr...

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