12 Sep 2017 In an interview with Sky News, Iceland PM Bjarni Benediktsson speaks of the last financial crisis in Iceland and predicts a new one, although he can't say when it will happen.
29 Mar 2017The Special Investigation Commission of the Icelandic Parliament released a report yesterday stating that they have proved that the Icelandic Government was deceived both before and after the sale of the Agricultural Bank of Iceland (Búnaðarbankinn) to German Bank Hauck & Aufhäuser.
20 Mar 2017Three hedge funds and Goldman Sachs have purchased a 30 % share in the Icelandic Arion bank. "The funds are betting on the bank and on Iceland. That's a powerful bet. Before the financial crash the bet was against Iceland so this is positive," said Financial Minister Benedikt Jóhannesson.
12 Mar 2017The Central Bank of Iceland has concluded an agreement with owners of offshore króna assets subject to special restrictions pursuant to Act no. 37/2016. Under the agreement, the Bank will purchase offshore króna assets from them in the amount of equivalent of close to 90 b.kr. at an exchange rate of 137.5 kr. per euro.
12 Mar 2017The Icelandic government called for a press meeting today at noon to announce that capital controls will be lifted as of Tuesday. New Rules on Foreign Exchange were published on the Central Bank of Iceland website today.
9 Dec 2016Iceland could be heading for another economic crash if the Central Bank fails to take action to stop the strengthening króna affecting tourism.
24 Oct 2016The richest 10% of people in Iceland had almost 32% of all disposable income in 2015 – up from 27% back in 1977, according to a new report from the Icelandic Confederation of Labour (ASÍ).
14 Oct 2016From 1 January next year, the general public in Iceland will no longer be required to produce proof of foreign travel abroad in order to withdraw foreign currency at banks.
10 Oct 2016A prominent Icelandic economist has predicted tough economic times ahead for Iceland, with the current tourism boom only going some way towards mitigating the effects.
29 Aug 2016Plans are afoot at Icelandic holding company Kaupþing to shower “key employees” with bonuses of up to ISK 100 million (approx. €765,000) each.
25 Aug 2016Even after capital controls on the Iceland króna have been lifted, it is unlikely that it will ever again be a full, free-floating currency, Iceland’s Finance Minister has admitted.
17 Aug 2016PM Sigurður Ingi Jóhannsson and Finance Minister Bjarni Benediktsson announced the new plans at a press conference yesterday afternoon held at the Icelandic Ministry of Finance and Economic Affairs.
8 Aug 2016GAMMA Capital Management Limited, an Icelandic financial firm, has received authorisation to operate and offer financial services in the United Kingdom.
2 Jun 2016Father-and-son team Björgólfur Guðmundsson and Björgólfur Thor Björgólfsson are linked to at least fifty of the offshore companies featured in the recently leaked ‘Panama Papers’.
1 Jun 2016Governor of the Central Bank of Iceland Már Guðmundsson has announced that “the objective is to be able to take decisive steps in lifting capital controls this autumn”.
