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Money - Icelandic Króna

PM Calls for Reform of Iceland’s Monetary System

A report, commissioned by Prime Minister Sigmundur Davíð Gunnlaugsson, outlining the need for a fundamental reform of Iceland’s monetary system, was published today by Progressive Party MP and chair of the Alþingi parliament’s Committee for Economic Affairs and Trade Frosti Sigurjónsson.

Money - Icelandic Króna

Central Bank to Compile Report on Kaupþing Loan

Governor of the Central Bank of Iceland Már Guðmundsson intends to compile an official report on the lending of Kaupþing bank ISK 80 billion (USD 603 million, EUR 530 million) on the same day that an emergency law was passed just prior to the economic collapse in October 2008.

Alþingi parliament

Independence MP Calls for Hanna Birna’s Resignation

MP for the Independence Party Elín Hirst is calling for former Minister of the Interior Hanna Birna Kristjánsdóttir to step down as vice chair of the party and is against her taking a seat in parliament on her return from leave.

Alþingi, Iceland's parliament

Support for Government at 34.8 Percent

Support for Iceland’s Progressive Party-Independence Party ruling coalition measures 34.8 percent in the latest MMR poll, published this morning, down from 37.3 percent in the last poll from mid-December.

Paris Rally, January 11, 2015

Iceland’s PM Criticized for Not Attending Paris March

Prime Minister of Iceland Sigmundur Davið Gunnlaugsson has been harshly criticized for not having attended the unity march in Paris yesterday following the terrorist attacks last week. He was reportedly the only head of state from Western Europe to be absent in the French capital yesterday.

Doctors

Iceland’s Healthcare System to Be Restored

Prime Minister of Iceland Sigmundur Davíð Gunnlaugsson, acting Minister of Finance Illugi Gunnarsson, Minister of Health Kristján Þór Júlíusson, chair of the Icelandic Medical Association Þorbjörn Jónsson and chair of the Association of Icelandic Surgeons Kristín Huld Haraldsdóttir signed a...

Minister of the Interior Ólöf Nordal.

National Church in Iceland Compensated for Cutbacks?

Minister of the Interior Ólöf Nordal supports a suggestion that the National Church of Iceland be repaid ISK 660 million (USD 5.1 million, EUR 4.3 million) from the state treasury because of cutbacks it was subject to after the economic collapse in 2008 in addition to those other state...

Alþingi, Iceland's parliament

Support for Government at 36.6 Percent

Support for the Progressive Party-Independence Party coalition government is steady at 36.6 percent, according to the latest Capacent Gallup poll, published yesterday. The government has been suffering a low approval rating in recent months, down from 49 percent at the beginning of 2014.

Bjarni Benediktsson and Sigmundur Davíð Gunnlaugsson

Proposal to Move State Companies out of Capital

Prime Minister of Iceland Sigmundur Davíð Gunnlaugsson called the government to a meeting last Friday afternoon on short notice to discuss a proposal from Norðvesturnefndin (The Northwest Committee) about creating jobs in Northwest Iceland.

Bessastaðir

New Interior Minister Announced Tomorrow

Prime Minister of Iceland Sigmundur Davíð Gunnlaugsson and President of Iceland Ólafur Ragnar Grímsson have announced that a meeting will be held at presidential residence Bessastaðir at 1 pm tomorrow, after which the new interior minister will be presented.

Landspítali National University Hospital

National Hospital to Get More State Funding

ISK 1 billion (USD 8.1 million, EUR 6.5 million) in state funding will go towards Landspítali National University Hospital in addition to the amount reserved for the hospital in the 2015 budget bill, as reported yesterday. Director of Landspítali Páll Matthíasson celebrates the news.

EU referendum protest on Austurvöllur, Reykjavík

Third Protest in Series Targets Interior Minister

Approximately 800 people gathered on Austurvöllur square in front of the Icelandic parliament yesterday to protest against the government and specifically Minister of the Interior Hanna Birna Kristjánsdóttir. This is the third Monday in a row that a demonstration takes place on Austurvöllur.

Reykjavík with Hallgrímskirkja in the background

Loans to be Corrected by ISK 1.35 Million on Average

The average write-off under the government’s debt cancelation plan, which aims to correct indexed mortgages for the effects of inflation in 2008 and 2009, will be ISK 1.35 million (USD 11,000, EUR 8,800) per household, as announced in a press conference this afternoon.

Alþingi, Iceland's parliament

Support for Government at Record Low

Support for the Progressive Party-Independence Party coalition government is at a record low at 33 percent, according to the latest MMR poll published yesterday. Support for the government in the last poll, conducted on October 21, measured 34.3 percent.

Alþingi, Iceland's parliament

Support for Icelandic Government Down

According to a the latest MMR survey, 34 percent of Icelanders support the current government. This number follows the downward trend that could be seen in the two previous surveys: on September 8, 36.3 percent supported the governing parties, and 38.5 percent did so on August 28.

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