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Þorgerður Katrín Gunnarsdóttir.

Former Education Minister Recruited by Reform Party

DV reports today that former education minister and former deputy chair of the Independence Party, Þorgerður Katrín Gunnarsdóttir, will be leading the list of candidates for the new Reform Party in the Southwest Iceland constituency in this fall’s election.

Lilja Dögg Alfreðsdóttir

National Security Council Established

Foreign Minister Lilja Alfreðsdóttir’s bill on the establishment of a National Security Council was passed at Alþingi, the Icelandic parliament, yesterday. The council will be responsible for Iceland’s policy on national security and will be chaired by the prime minister.

Money - Icelandic Króna

Kaupþing Confirms Controversial Bonuses

The general assembly of holding company Kaupþing, previously the defunct Icelandic bank, approved a proposal last night on paying bonuses of up to ISK 1.5 billion (USD 13 million, EUR 12 million) combined to key employees. Some of these employees will receive bonuses of around ISK 100 million (...

Money

Kaupþing to Pay Huge Bonuses?

A group of about 20 employees of the holding company Kaupþing could be receiving bonuses totaling almost ISK 1.5 billion (USD 12.82 million, EUR 11.35 million) to be paid out at the end of April next year.

Press conference

Measures to Lift Capital Controls

A draft resolution introduced yesterday by Finance Minister Bjarni Benediktsson and Prime Minister Sigurður Ingi Jóhannsson includes measures which would be a big step toward the lifting of capital controls in Iceland.

 Bjarni Benediktsson and Sigurður Ingi Jóhannsson

Program for First-Time Homebuyers Introduced

Yesterday, Prime Minister Sigurður Ingi Jóhannsson and Finance Minister Bjarni Benediktsson introduced a new program called First Home, meant to make it easier for young people to purchase their first home.

 Bjarni Benediktsson and Sigurður Ingi Jóhannsson

Pirates and Independents Neck and Neck

The Pirate Party is once again Iceland’s largest political party with a rating of 26.8 percent, according to the latest MMR survey. The Independence Party, traditionally the country’s largest, has lost its newfound lead but remains close to the Pirates with 24 percent.

Vigdís Hauksdóttir

Progressive Party MP Announces Departure

Vigdís Hauksdóttir, MP for the Progressive Party and chair of Alþingi’s Budget Committee, has has announced she won’t be running for Alþingi, the Icelandic parliament, in the elections this fall.

Alþingi, the Icelandic parliament

Pirate Party Largest, Viðreisn Gaining Ground

A new poll shows the Pirate Party enjoying more support than any other in Iceland, or 28 percent, while the new party Viðreisn, (which roughly translates into ‘Revival’), takes a leap and measures with 8 percent support.

Bjarni Benediktsson

Offshore Króna Bill Passed in Parliament

A bill submitted before parliament Friday afternoon by Finance Minister Bjarni Benediktsson regarding so-called offshore króna accounts was passed late last night with 47 members of parliament voting for it.

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