News

Fifth meeting of the Financial Stability Council 2016 - 12/18/16

The fifth meeting of the Financial Stability Council in 2016 was held on Friday 16 December 2016 at the Ministry of Finance and Economic Affairs.

Further reading

Treasury finances January-October 2016 - 12/13/16

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

Further reading

National Budget Proposal 2017 - 12/6/16

The fiscal budget proposal for 2017 has been presented before Parliament, in accordance with the fiscal strategy and fiscal plan over a horizon of five years, both of which were approved in August and are based on a new organic budget law.

Further reading

Treasury finances January-September 2016 - 11/17/16

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

Further reading

Progress of the Plan for Removal of Capital Controls - 10/25/16

The Minister of Finance and Economic Affairs has, as provided for in Act No. 16/2013 of the Icelandic parliament Althingi, published a report on the progress of plans to remove capital controls. 

Further reading

Economic Outlook in Iceland - 10/25/16

Representatives of the Ministry of Finance and Economic Affairs and the Central Bank of Iceland held meetings with i.a. Credit rating Agencies in Washington DC during the IMF and World Bank Annual meetings earlier this month.

Further reading

Medium-Term Debt Management Strategy 2017-2021 - 10/21/16

The Ministry of Finance and Economic Affairs has released the Medium-Term Debt Management Strategy (MTDS) for 2017-2021. Since 2011, the MTDS has been issued over a horizon of three years. In accordance with the new Act on Public Sector Finances, it is now presented on the basis of a fiscal plan, and the Government debt management objectives therefore cover a horizon of five years, from 2017 through 2021.

Further reading

Treasury finances January-August 2016 - 10/6/16

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

Further reading

Fourth meeting of the Financial Stability Council 2016 - 9/30/16

The fourth meeting of the Financial Stability Council in 2016 was held on Friday 30 September at the Ministry of Finance and Economic Affairs. Macroeconomic conditions have been broadly favourable for the financial system in the recent term. 

Further reading

Regarding the declaration concerning the blanket Treasury guarantee of deposits - 9/9/16

The Government of Iceland has decided, following consultation with the Financial Supervisory Authority and the Central Bank of Iceland, that there is no reason for the declaration concerning the blanket Treasury guarantee of deposits to remain in effect.

Further reading

Treasury finances January-July 2016 - 9/5/16

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

Further reading

Moody's upgrades Iceland's government ratings to A3; outlook stable - 9/1/16

Moody's Investors Service (MIS) has today upgraded Iceland's government bond and issuer ratings to A3 from Baa2. The rating outlook is stable. This rating action concludes the reviewfor upgrade that commenced on June 10, 2016.

Further reading

Increased freedom – liberalisation of capital controls - 8/16/16

Individuals' and companies' freedom to transfer funds to and from Iceland and to carry out foreign exchange transactions will increase greatly, according to the bill of legislation that the Minister of Finance and Economic Affairs will present before Parliament tomorrow.

Further reading

Treasury finances January-June 2016 - 8/3/16

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

Further reading

Fitch Ratings: change in methodology aligns long-term local currency ratings with long-term foreign currency ratings - 7/22/16

This week international rating agency Fitch Ratings held a global portfolio rating committee related to an overhaul of the Agency's sovereign methodology released on May 26th, 2016. The results of the committee were published today. 

Further reading

Fitch Ratings affirms Iceland's sovereign rating at BBB+ with stable outlook - 7/15/16

Fitch Ratings has affirmed Iceland's Long-term foreign and local currency Issuer Default Ratings (IDR) at ‘BBB+' and ‘A-' respectively with Stable Outlooks. 

Further reading

Standard & Poor's affirms Iceland's sovereign ratings at BBB+/A-2 with a stable outlook - 7/15/16

International rating agency Standard & Poor's has affirmed Iceland's sovereign ratings at BBB+/A-2 with a stable outlook. Standard & Poor's expects economic growth in Iceland to remain strong over the next few years, supported by the tourism sector and robust private consumption. 

Further reading

Treasury finances January-May 2016 - 7/6/16

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

Further reading

Republic of Iceland buys back its own debt - 6/24/16

Today the Republic of Iceland bought back its own debt in the nominal series RIKH 18 1009, in the nominal amount of 30 bn. ISK at a price of 100.29. 

Further reading

Support of funding and operation of new business ventures and small growth companies - 6/24/16

On 2 June 2016, Parliament passed amendments to legislation on the support of funding and operation of new business ventures and small growth companies.

Further reading
Page 1 of 2