Ministry of Finance
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Government Prepares Increased Customs Monitoring
Legislation is underway that grants the Icelandic Customs Authority increased authority to examine travellers’ luggage without prior consent, mbl.is reports. However, selected individuals will be notified retroactively. The bill is currently under preparation by the Ministry of Finance and published in the…
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Finance Minister’s Father Amongst Buyers Of Shares Of Íslandsbanki
Yesterday, the Ministry of Finance made public the list of 209 investors who purchased a combined total of a 22.5% share in Íslandsbanki, a bank which has been owned by the Icelandic State Treasury following the 2008 financial crash. [su_pullquote]Not in Iceland…
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Health System Costs 735,315 ISK Per Person
According to a report from Vísir, the health system will cost 735,315 ISK per person next year, which is 23,789 ISK more than was expected in the original 2020 budget proposal. This information is given on the Ministry of Finance’s website. Publishing…
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Iceland Lifting Remaining Capital Controls
Prime Minister, Bjarni Benediktsson, along with the Ministry of Finance have announced that Iceland will be lifting remaining capital controls as of tomorrow, reports RÚV. “We’ve reached an incredibly enjoyable milestone in our economic development since the financial crisis of 2008 and…
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Veterinarians Go On Strike
Icelandic pig and poultry farmers are expressing their anxiety over the upcoming strike involving veterinarians. Members of 16 unions are striking at noon on Thursday with further strikes scheduled throughout May. The strike is organised by Starfsgreinasamband Íslands (SGS), which is the largest…
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Chinese Investors May Buy Part Of Icelandic Bank
A group of Chinese investors are currently in negotiations over buying a portion of Islandsbanki, though this is not the first time such negotiations have been reported. Reuters reports that the investors group is comprised of “Chinese bank ICBC, insurer China Life…