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Iceland’s Minister for Foreign Affairs, Ossur Skarphedinsson, has expressed his deep concern regardingNorth-Korea’s missile launch on 5 April. The launch took place despite UN Security Council Resolut...

In the Report, the Committee considers three sets of depositors: local authorities, charities and UK citizens who deposited in the Isle of Man and Guernsey subsidiaries of the Icelandic banks. The rep...

The Permanent Representative of Iceland to the United Nations, Dr. Gunnar Palsson, chairs a session at a seminar on Weapons of Mass Destruction, held by the International Peace Institute in Rye Brook,...

Ambassador Greta Gunnarsdottir spoke on behalf of Iceland at an international conference on Afghanistan, held in the Hague on 31 March. Ambassador Gunnarsdottir emphasized the willingness of the Icela...

Iceland’s Minister for Foreign Affairs, Össur Skarphéðinsson, will attend the 60th anniversary NATO Summit, which will be held on the 3 – 4 April in Strasbourg/ Kehl and Baden-Baden. The S...

Treasury finances January-February 2009 (PDF 53K) Cash Flow Statement in January–February 2005–2009   Millions of krónur 2005 2006 2007 2008 2009 Revenue ...

News Announcement On 28 November last year, the Icelandic parliament Althingi approved amendments to the Foreign Exchange Act intended to prevent major depreciation of the Icelandic króna (ISK). The...

Principal tax rates 2009 (PDF 73K) 1. Personal income taxation Iceland’s personal income tax structure is such that all personal income in 2009 (other than capital income, see below) is taxed at a PAY...

The Icelandic Foreign Minister, Mr Ossur Skarphedinsson, and the Foreign Secretary, Mr David Miliband MP, met in London on 31 March 2009 to discuss matters of mutual interest. There was a frank and p...

At a cabinet meeting on 31 March, Iceland’s government discussed a report presented on 30 March by Finnish banking expert Kaarlo Jännäri. Jännäri provides an account of his examination of the le...

In November 2008, as part of its Stand-By Arrangement with the International Monetary Fund, the Icelandic Government undertook to invite an experienced bank supervisor to assess the regulatory framewo...

On 26 March 2009, Össur Skarphéðinsson, Minister for Foreign Affairs and Industry, Ólöf Ýrr Atladóttir, Director of the Icelandic Tourist Board, and Jón Ásbergsson, CEO of the Trade Council of Iceland...

A report on Nordic development and humanitarian programmes in Afghanistan has been published. The report gives a good overview of individual country contributions in Afghanistan and discusses the pote...

At a cabinet meeting on 24 March, the Minister of Justice presented plans for substantially boosting financial allocations to the Office of the Special Prosecutor, which was set up to investigate matt...

According to figures from Statistics Iceland, the Consumer Price Index (CPI) dropped by 0.56% MoM in March. The 12M inflation rate which was 17.6% in February is now 15.2% and the 12-month rate of the...

In accordance with the rules on capital contributions from the Treasury to savings banks, which were issued on December 17, 2008, the Ministry of Finance has already received applications from Sparisj...

Denmark’s Minister of Defence, Soren Gade today met with Iceland’s Foreign Minister, Ossur Skarphedinsson, and Iceland’s Minister of Justice, Ragna Arnadottir. Air-policing in Icela...

During the past two weeks an International Monetary Fund (IMF) mission has been working with Icelandic authorities on the first review of the economic recovery programme and IMF Stand-by Arrangement f...

A mission from the International Monetary Fund (IMF), headed by Mark Flanagan, visited Reykjavik February 26-March 13 to conduct discussions for the first review under the US$2.1 billion Stand-By Arra...

Absentee voting for the 25 April Parliamentary elections in Iceland will begin on Monday, 16 March 2009. Voting will take place in all Embassies of Iceland, the Permanent Delegation to the Council of ...