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Politics

Reykjanes geothermal power plant.

Iceland to Set Up Rainy Day Fund

Iceland’s Minister of Finance has decided the State will not sell the Landsvirkjun national energy company, as his predecessor had arranged. Instead, future dividends from shares in the national power company will be put into an emergency back-up fund, which will be set up to help Iceland get...

Icelandic money

Iceland Lifts Capital Controls

At a press conference yesterday, Icelandic Prime Minister Bjarni Benediktsson and Minister of Finance Benedikt Jóhannesson announced that all capital controls for individuals, companies and pension funds will be lifted tomorrow.

Equal pay bill.

Iceland’s Equal Pay Certificate Bill Gets Attn

The announcement by the Icelandic government Wednesday that it plans to introduce a bill in parliament, requiring companies to prove they pay all employees the same, regardless of gender, ethnicity, sexuality and nationality, has received attention world-wide.

Guðni Th. Jóhannesson.

President Critical of High Court

Icelandic President Guðni Th. Jóhannesson believes it was a major mistake after the 2008 banking collapse to make use of an ancient and outdated clause in the Icelandic constitution to assemble the High Court of Iceland.

Wine

Liquor Bill Debated

The first debate about the so-called ‘Liquor Bill’ began in Alþingi, the Icelandic parliament, this afternoon at 2 pm.

Fishing ship in Neskaupstaður, East Iceland.

Against Intervening in Fishermen’s Strike

Icelandic Minister of Fisheries and Agriculture Þorgerður Katrín Gunnarsdóttir neither plans to intervene in the wage dispute of fishermen and fisheries with provisional legislation nor by changing the tax law.

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