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  • September 21. 2018 Ministry of Finance and Economic Affairs

    Intent to establish a sovereign wealth fund in Iceland

    The authorities intend to establish a sovereign wealth fund, the National Fund of Iceland. The purpose of the Fund will primarily be to serve as a sort of disaster relief reserve for the nation, when ...


  • September 20. 2018 Ministry of Welfare

    New Legislation on E-cigarettes Will Take Effect on 1 March 2019

    A new Act on e-cigarettes and refillcontainers will take effect on 1 March 2019. The Act is based on the Bill presented by the Minister of Health on the import, marketing, use and safety of these prod...


  • September 11. 2018 Ministry for Foreign Affairs

    Iceland‘s first session as a member of the Human Rights Council

    Yesterday was a historic day when Iceland attended the first session of the Human Rights Council since being elected to the Council this summer. The session began with an opening statement from the ne...


  • September 11. 2018 Ministry of Finance and Economic Affairs

    National Budget proposal 2019

    Treasury operated at ISK 29bn surplus Reduced levies on wage-earners — personal deduction to increase Child benefits to increase Healthcare in the forefront Increased all...


  • September 10. 2018 Ministry of Education Science and Culture, Ministry of Finance and Economic Affairs, Ministry of Industries and Innovation, Ministry of Transport and Local Government, Prime Minister's Office, Ministry for the Environment and Natural Resources

    Iceland launches new Climate Strategy, boosting efforts to reach Paris goals

    The Icelandic Government today announced a new Climate Strategy, intended to boost efforts in cutting net emissions. The new measures are to help Iceland meet its Paris Agreement targets for 2030 and ...


  • August 31. 2018 Ministry of Welfare

    Legislation Adopted on Presumed Consent for Organ Donation

    Following an amendment to the Act on Organ Donation adopted by the Icelandic parliament Althingi, in the future a deceased person will be presumed to have consented to cadaveric organ donation unless ...


  • August 23. 2018 Ministry of Welfare

    Care Quality Inspectorate for Social Services and Child Protection

    This is the name of a new agency, established by a decision of the Minister of Social Affairs and Equality, which commenced work in May 2018. Initially the Inspectorate will be responsible for adminis...


  • July 27. 2018 Ministry of Finance and Economic Affairs

    Minutes of the meeting of the Financial Stability Council on June 26 2018

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


  • July 20. 2018 Ministry of Finance and Economic Affairs

    Moody’s changes Iceland’s outlook to positive from stable and affirms A3 ratings

    Moody’s Investors Service ("Moody’s") has today changed the Government of Iceland's sovereign rating outlook to positive from stable and affirmed Iceland’s A3 long-term issuer rating.  The key d...


  • July 19. 2018 Ministry for Foreign Affairs

    DNA analysis of whale hybrid concluded

    A DNA analysis of a whale caught in Iceland on 7 July has concluded that it was a hybrid of a fin whale and a blue whale, not a blue whale. The analysis was conducted by the Icelandic Marine and Fresh...


  • July 13. 2018 Ministry for Foreign Affairs

    Iceland elected to the Human Rights Council

    Iceland was elected to the Human Rights Council at the United Nations General Assembly in New York today, having received 172 out of 178 votes. Iceland thereby fills the vacancy left by the United Sta...


  • June 28. 2018 Ministry of Finance and Economic Affairs

    Third meeting of the Financial Stability Council in 2018

    The Financial Stability Council held its third meeting of the year 2018 on Tuesday 26th of June. The meeting discussed that risk in the financial system was still moderate and that the output gap has ...


  • June 18. 2018 Prime Minister's Office

    Speech by the Prime Minister, Katrín Jakobsdóttir, Iceland's National Day, June 17th 2018

    Fellow Icelanders. At the beginning of December 1918, Elka Björnsdóttir, a labourer in Reykjavik, wrote an entry in her journal, as she did at the end of each workday. Elka was 37 years old at the tim...


  • June 08. 2018 Ministry of Finance and Economic Affairs

    Fitch affirms Iceland at A with a stable outlook

    Today, rating agency Fitch Ratings affirmed Iceland’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at A with a stable outlook. According to the rating agency, this rating balances the econom...


  • June 05. 2018 Prime Minister's Office

    Financial stability should be prioritised over price stability

    Primary recommendations: Financial stability shall take priority over price stability if conditions develop such that the former is jeopardised. The Central Bank’s sphere of responsibility sh...


  • May 16. 2018 Ministry of Finance and Economic Affairs

    Minutes of the meeting of the Financial Stability Council on March 20 2018

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


  • May 15. 2018 Ministry of Industries and Innovation

    Statement on Responsible Fisheries in Iceland

    This statement is presented by several responsible parties in the Icelandic fishing industry, the minister of fisheries, the Marine Research Institute, the Directorate of Fisheries and the Fisheries A...


  • May 15. 2018

    Management Strategy and Harvest Control Rules

    The management strategy for Icelandic fish stocks, in general, is to maintain the exploitation rate at the level which is consistent with the Precautionary Approach and that generates maximum sustaina...


  • April 27. 2018 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 shal...


  • April 13. 2018 Ministry of Finance and Economic Affairs

    Second meeting of the Financial Stability Council in 2018

    The second meeting of the Financial Stability Council was held on Tuesday March 20 with a continuation on April 13. The meeting discussed the risk in the financial system which is still considered m...

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