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08 March 2010Prime Ministers Office

Work continues on a mutually acceptable solution to Icesave

The Icelandic authorities will continue to work towards a satisfactory solution to the Icesave issue on this basis. The three governments have declared their intention to continue the talks and find a solution to the matter.

04 February 2010Prime Ministers Office

PM of Iceland met with Barroso and Rehn in Brussels

Ms. Jóhanna Sigurðardóttir, Prime Minister of Iceland met today with Mr. José Manuel Barroso, President of the European Commission and Mr Olli Rehn, Commissioner for Enlargement and Commissioner Designate for Economic and Monetary Affairs.

29 January 2010Prime Ministers Office

Icesave meeting in The Hague

The governments of Iceland, the United Kingdom and the Netherlands have held regular consultations on the Icesave issue during the past few weeks. A delegation led by Iceland's Minister of Finance, Steingrímur J.…

14 January 2010Prime Ministers Office

The Prime Minister of Iceland urges IMF to continue the Economic Programme

“I would like to emphasize that the Economic Programme in co-operation with the IMF should continue without interruption, even though a solution to the Icesave matter will be postponed because of the planned national referendum”, the Prime Minister of Iceland, Jóhanna Sigurdardóttir, said today in a letter to the Managing Director of the International Monetary Fund, Dominique Strauss-Kahn.

08 January 2010Prime Ministers Office

National referendum to take place as soon as possible

The Icelandic Parliament, Althingi, convened today to debate a Government bill regarding the preparation for a national referendum on the so-called Icesave legislation. This comes in the wake of the President of Iceland´s decision on 5 January not to sign into law a bill which provides for a state guarantee of loan repayments to the British and Dutch governments.

06 January 2010Prime Ministers Office

The Government of Iceland remains fully committed to honour Iceland's obligations

The Government of Iceland has decided to hold a national referendum on the so-called Icesave legislation, following broad consultations with both coalition and opposition parties as well as employers' associations and labor unions. The referendum is expected to take place late February.

05 January 2010Prime Ministers Office

The Government committed to the Economic Program

The President of Iceland has declined to sign a law authorising a state guarantee for repayment of loans provided by the UK and the Netherlands to the Depositors' and Investors' Guarantee Fund, intended to cover payment of the minimum deposit guarantees to depositors in the UK and Netherlands branches of the failed Landsbanki Íslands hf.

15 December 2009Prime Ministers Office

Preliminary Findings of the EFTA Surveillance Authority in Additional Cases Concerning Iceland´s Emergency Act No 125/2008

ESA has now also given notification of its preliminary views on seven other complaints from foreign financial institutions which are general claimants of one or another of the former banks concerning the legislation and actions by Icelandic authorities in connection with them. ESA´s preliminary findings are in all instances similar to that of 4 December, i.e.…

08 December 2009Prime Ministers Office

EFTA Surveillance Authority´s preliminary findings regarding a complaint concerning Iceland´s Emergency Act No 125/2008

The EFTA Surveillance Authority (ESA) presented its preliminary findings in a letter dated 4 December 2009 on a complaint raised by a group of general creditors of the Icelandic banks Glitnir bank, Kaupthing bank, Landsbanki Islands, SPRON and Sparisjodabanki Islands.

21 October 2009Prime Ministers Office

The IMF Executive Board to Review Iceland's Economic Programe

The IMF's Executive Board aims to discuss the first review of Iceland's economic programme at its meeting on Wednesday 28 October.

18 October 2009Prime Ministers Office

Icesave Negotiations Concluded - Outcome Presented

Following the entry into force of Act No. 96/2009 on 2 September this year, providing a state guarantee for the Icesave Loan Agreements, discussions have been held between the Icelandic government and the Depositors’ and Investors’ Guarantee Fund (the Guarantee Fund) and representatives of the governments of the UK and the Netherlands.…

08 October 2009Prime Ministers Office

Prime Minister's Address Opening the Parliamentary Session on Monday, 05 October 2009

Althingi reconvenes now following an unusually brief recess - in a year we will not soon forget. It has been a very difficult time for the nation, because all of us suffered a shock when so many things we trusted failed.

28 August 2009Prime Ministers Office

Parliament approves state guarantee for Icesave loans

Today, following 10 weeks of debate, Iceland's Parliament, the Althing passed legislation authorising a state guarantee for the loans granted by the Governments of the United Kingdom and the Netherlands to the Depositors' and Investors' Guarantee Fund of Iceland.

31 July 2009Prime Ministers Office

Postponement of review of Economic programme in cooperation with IMF

The Board of the IMF has decided to postpone its discussion of the review of the Economic programme between Iceland and the fund. The discussion had been scheduled for August 3, 2009.

31 July 2009Prime Ministers Office

Prime Minister's statement on the postponement of IMF board decision

Statement by Jóhanna Sigurðardóttir, Prime Minister of Iceland, regarding postponement of the Executive Board of the review of the Economic Recovery Programme agreed by Iceland and the IMF:

17 July 2009Prime Ministers Office

Icelandic Parliament votes in favour of applying for membership of the EU - Statement by the Prime Minister of Iceland

A historical decision Prime Minister Johanna Sigurdardottir says in her statement. Application to be expected in the coming days.

29 June 2009Prime Ministers Office

Prime Minister appoints new Governor and Deputy Governor of the Central Bank of Iceland

The Prime Minister has appointed Már Guðmundsson as the new Governor of the Central Bank of Iceland, and Arnór Sighvatsson to be his Deputy. Már will take over the helm on August 20, starting his term of five years.

26 June 2009Prime Ministers Office

Stability Pact signed

The Social partners from government, municipalities, Labour Unions and Employer's associations have reached an agreement on a Stability Pact. ,,Extremely important" the Prime Minister stated at the signing ceremony.

18 June 2009Prime Ministers Office

Prime Ministers Address to the nation on June 17, the National Day of Iceland

The Prime Minister addressed the nation on June 17, the National Day of Iceland at Austurvollur outside Parliament. In this annual address the Prime Minister discussed the current economic situation and the future of independence in an ever more interdependent world.

29 May 2009Prime Ministers Office

Statement by the IMF Mission to Iceland

A mission from the International Monetary Fund (IMF), headed by Mark Flanagan, visited Reykjavik May 19-28 to continue discussions for the first review under the US$2.1 billion Stand-By Arrangement, approved on November 19, 2008 (see Press Release No. 08/256).

29 May 2009Prime Ministers Office

IMF First Review of Economic Recovery Programme Near Completion

The IMF Mission to Iceland under the direction of Mark Flanagan has, in co-operation with Icelandic authorities, has made considerable progress towards concluding its first review of the government?s Economic Recovery Programme underlying its Stand-by Arrangement with Iceland.

19 May 2009Prime Ministers Office

Government Coalition Platform of the Social Democratic Alliance and Left-Green Movement

The government coalition of the Social Democratic Alliance and the Left-Green Movement has been formed to ensure economic and social stability, and to seek national unity on Iceland's path to reconstruction - a new stability pact.

10 May 2009Prime Ministers Office

The First 100 Days Planned Actions

The government has drafted an agenda for the next 100 days, listing the urgent measures which need to be taken to tackle the difficult economic situation, for the benefit of households and businesses.

10 May 2009Prime Ministers Office

The President approves of the Prime Minister's second government

At a meeting of the State Council of Iceland at Bessastaðir today President Ólafur Ragnar Grímsson agreed to the proposal of Mrs. Jóhanna Sigurðardóttir, regarding the formation and composition of her second government.

10 May 2009Prime Ministers Office

Government Coalition Co-operation Statement by the Social Democratic Alliance and Left-Green Movement

The government coalition of the Social Democratic Alliance and the Left-Green Movement has been formed to ensure economic and social stability, and to seek national unity on Iceland's path to reconstruction - a new stability pact.

10 May 2009Prime Ministers Office

New Government Takes Office - Social Democrats and Left-Greens Continue their Coalition Partnership

A new coalition government, formed by the Social Democrat Alliance and the Left-Green Movement, formally announced today at a press conference held at the Nordic House in Reykjavik, will continue the two parties' partnership. Following the outcome of national elections two weeks ago, these parties now hold a majority of seats in the Icelandic parliament, Althingi.

17 April 2009Prime Ministers Office

The Commission on Developments in Europe concluded its work

The Commission on Developments in Europe concluded its work today and delivered a report in accordance with the tasking contained in the government´s programme of action.

01 April 2009Prime Ministers Office

Amendment to Customs Act and Act on Foreign Exchange

Amendment to the Customs Act, No. 88/2005, and Act No. 87/1992, on Foreign Exchange, as subsequently amended. 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).…

31 March 2009Prime Ministers Office

Working Group Considers Recommendations by Banking Expert

At a cabinet meeting on 31 March, Iceland?s government discussed a report presented on 30 March by Finnish banking expert Kaarlo Jännäri.

30 March 2009Prime Ministers Office

The Kaarlo Jännäri Report on Banking Regulation and Supervision in Iceland Recommendations and Conclusions

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 framework and supervisory practices in Iceland and to propose needed changes.

25 March 2009Prime Ministers Office

Government to Implement Eva Joly's recommendations on the Office of Special Prosecutor

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 matters concerning the collapse of the financial system.

24 March 2009Prime Ministers Office

Deflation in March, Consumer Price Index decreases

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 increase in the past three months is only 1.9%.

13 March 2009Prime Ministers Office

Statement by the IMF Mission to Iceland

A mission from the International Monetary Fund , 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 Arrangement, approved on November 19, 2008. The mission had productive meetings with senior government officials, as well as representatives of the private sector and labor organizations.

13 March 2009Prime Ministers Office

IMF concludes its visit

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 for Iceland.

11 March 2009Prime Ministers Office

Government of Iceland Agrees to Establish AMC to Take Over Severely Affected Companies

The government of Iceland has approved a bill from the Minister of Finance to establish, as a limited liability company owned by the state, an Asset Management Company (AMC) to promote the restructuring of commercial undertakings of national significance.

06 March 2009Prime Ministers Office

Government reinforces the office of Special Prosecutor

The governing coalition of the Social Democratic Alliance and Left-Green Movement intends to submit a bill to the Althingi greatly extending the authorisation of the Special Prosecutor to gather and demand information and data for the investigation of individual issues linked to the country's economic collapse.

03 March 2009Prime Ministers Office

Foreign Consultants Engaged to Represent State Interests

At a meeting held on 3 February, the Government of Iceland approved a proposal from the Prime Minister to conclude a contract with the international corporate advisory firm Hawkpoint to work under the supervision of Icelandic authorities on reaching a settlement between the old and new banks.

03 March 2009Prime Ministers Office

Prime Minister appoints Dr Anne Sibert and Dr Gylfi Zoega members of the Monetary Policy Committee of the Central Bank of Iceland

The Prime Minister has today appointed two expert members to the Monetary Policy Committee, as provided for in provisions of Act No. 36/2001, on the Central Bank of Iceland, as subsequently amended.

27 February 2009Prime Ministers Office

Acting Governor and Deputy Governor of the Central Bank of Iceland appointed

As provided for in Temporary Provision II of the Act Amending the Act on the Central Bank of Iceland, the Prime Minister today appointed Svein Harald Øygard provisionally to the position of Governor of the Central Bank and Arnór Sighvatsson provisionally as Deputy Governor. They have already commenced their duties.

26 February 2009Prime Ministers Office

Central Bank Bill Becomes Law

The government's bill amending the Central Bank Act has been passed by the Icelandic parliament Althingi. Major changes are made to the Central Bank?s administrative structure, its Governors reduced in number and a Monetary Policy Committee established.

11 February 2009Prime Ministers Office

Coordination Committee publishes its first report

The Coordination Committee which has the overall responsibility of developing, implementing and communicating a comprehensive strategy for bank restructuring published its first report today at a press seminar.

10 February 2009Prime Ministers Office

A turning point in work by public authorities on rebuilding the financial system

A cabinet meeting this morning dealt with questions concerning the reconstruction of the financial system and endorsed a work programme for the Co-ordination Committee appointed to work on this task pursuant to the agreement with the International Monetary Fund (IMF).

06 February 2009Prime Ministers Office

New Bill Introduced Altering the Administrative Structure of the Central Bank of Iceland

Today, 6 February, Prime Minister Jóhanna Sigurðardóttir introduced a bill of legislation in the Icelandic parliament Althingi amending the Act on the Central Bank of Iceland.

01 February 2009Prime Ministers Office

New Icelandic Government formed

A Government of the Social Democratic Alliance and the Left-Green Movement takes office today.

26 January 2009Prime Ministers Office

Prime Minister Formally Tenders Government's Resignation

The coalition government of the right-wing Independence Party and the Social Democratic Alliance has come to an end. The Prime Minister met with the President of Iceland at 4 pm today to formally deliver his government?s resignation.

23 January 2009Prime Ministers Office

Statement from Geir H. Haarde, Prime Minister of Iceland and Chairman of the Independence party

A regular medical examination which I underwent at the National and University Hospital last week revealed a small tumour of the oesophagus. On Tuesday I was informed that a biopsy had indicated that the tumour was malignant.

09 January 2009Prime Ministers Office

Lovells UK Legal Office Advice to the Government of Iceland

The UK legal office of Lovells LLP has provided advice to the Government of Iceland on possible legal action against the UK aimed at overturning the Landsbanki Freezing Order.

06 January 2009Prime Ministers Office

Statement from the Icelandic Government Concerning Legal Proceedings Against UK Authorities

The Government of Iceland has decided to examine any and all possibilities of Iceland seeking redress before the European Court of Human Rights for the application by UK authorities of the Anti-Terrorism, Crime and Security Act 2001 against Landsbanki last year.

05 January 2009Prime Ministers Office

Government Support for Legal Action against UK Authorities

Today the Prime Minister and the Minister of Foreign Affairs have met with representatives of Kaupthing Bank?s Resolution Committee. The Ministers had previously met with Landsbanki?s Resolution Committee.

02 January 2009Prime Ministers Office

Nordic Road Map

Programme for the Icelandic Presidency of the Nordic Council of Ministers 2009.

News

Search

Work continues on a mutually acceptable solution to Icesave

PM of Iceland met with Barroso and Rehn in Brussels

Icesave meeting in The Hague

The Prime Minister of Iceland urges IMF to continue the Economic Programme

National referendum to take place as soon as possible

The Government of Iceland remains fully committed to honour Iceland's obligations

The Government committed to the Economic Program

Preliminary Findings of the EFTA Surveillance Authority in Additional Cases Concerning Iceland´s Emergency Act No 125/2008

EFTA Surveillance Authority´s preliminary findings regarding a complaint concerning Iceland´s Emergency Act No 125/2008

The IMF Executive Board to Review Iceland&#39;s Economic Programe

Icesave Negotiations Concluded - Outcome Presented

Prime Minister's Address Opening the Parliamentary Session on Monday, 05 October 2009

Parliament approves state guarantee for Icesave loans

Postponement of review of Economic programme in cooperation with IMF

Prime Minister's statement on the postponement of IMF board decision

Icelandic Parliament votes in favour of applying for membership of the EU - Statement by the Prime Minister of Iceland

Prime Minister appoints new Governor and Deputy Governor of the Central Bank of Iceland

Stability Pact signed

Prime Ministers Address to the nation on June 17, the National Day of Iceland

Statement by the IMF Mission to Iceland

IMF First Review of Economic Recovery Programme Near Completion

Government Coalition Platform of the Social Democratic Alliance and Left-Green Movement

The First 100 Days Planned Actions

The President approves of the Prime Minister&#39;s second government

Government Coalition Co-operation Statement by the Social Democratic Alliance and Left-Green Movement

New Government Takes Office - Social Democrats and Left-Greens Continue their Coalition Partnership

The Commission on Developments in Europe concluded its work

Amendment to Customs Act and Act on Foreign Exchange

Working Group Considers Recommendations by Banking Expert

The Kaarlo Jännäri Report on Banking Regulation and Supervision in Iceland Recommendations and Conclusions

Government to Implement Eva Joly's recommendations on the Office of Special Prosecutor

Deflation in March, Consumer Price Index decreases

Statement by the IMF Mission to Iceland

IMF concludes its visit

Government of Iceland Agrees to Establish AMC to Take Over Severely Affected Companies

Government reinforces the office of Special Prosecutor

Foreign Consultants Engaged to Represent State Interests

Prime Minister appoints Dr Anne Sibert and Dr Gylfi Zoega members of the Monetary Policy Committee of the Central Bank of Iceland

Acting Governor and Deputy Governor of the Central Bank of Iceland appointed

Central Bank Bill Becomes Law

Coordination Committee publishes its first report

A turning point in work by public authorities on rebuilding the financial system

New Bill Introduced Altering the Administrative Structure of the Central Bank of Iceland

New Icelandic Government formed

Prime Minister Formally Tenders Government&#39;s Resignation

Statement from Geir H. Haarde, Prime Minister of Iceland and Chairman of the Independence party

Lovells UK Legal Office Advice to the Government of Iceland

Statement from the Icelandic Government Concerning Legal Proceedings Against UK Authorities

Government Support for Legal Action against UK Authorities

Nordic Road Map

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The IMF Executive Board to Review Iceland's Economic Programe

The President approves of the Prime Minister's second government

Prime Minister Formally Tenders Government's Resignation