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Iceland cabinet changes

admin — Tue, 17 Jan 2012 22:48:48 +0000

[Ice News]- The government cabinet ministers in Iceland will be reduced to eight. When the current administration was elected, twelve ministers were put in place by the Prime Minister. This latest reduction is apparently aimed at improving efficiency and reducing disagreement.

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EU entry could have good and bad impacts on Icelandic food supply

admin — Thu, 08 Dec 2011 20:43:11 +0000

In the midst of the economic mess going on in Greece and in the EU, Iceland is considering joining the melee. IceNews reports, “The price of some foodstuffs in Iceland could drop by half if the country enters the EU. As a result state subsidies to farmers would need to be massively increased if domestic agriculture was to remain competitive.”

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Final agreement reached for Icesave

admin — Sun, 18 Oct 2009 16:06:13 +0000

Representatives from the United Kingdom, the Netherlands, and Iceland have reached a final agreement on Icesave, reports IceNews.

“According to IceNews sources and local news, changes have been made to the changes originally made by the Icelandic parliament last month. These changes are mainly such that Iceland takes on more responsibilities; but some middle ground has been found.”

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Russia and Iceland fail to achieve loan agreement

admin — Fri, 16 Oct 2009 07:26:19 +0000

[IceNews]– The potential USD 500 million loan from Russia to Iceland will not go ahead, Reuters reports.

The Russian finance ministry announced its decision yesterday.

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Jóhann Heiðar Árnason

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Iceland Prime Minister accused of blocking loan

admin — Mon, 12 Oct 2009 05:49:02 +0000

[IceNews]– The Progressive Party in Iceland believes Prime Minister Johanna Sigurdardottir is deliberately trying to block a potential massive loan to the country from Norway completely unconnected to the IMF package. The Prime Minister described the allegations as preposterous.

Members of the Progressive Party met with Norwegian parliamentarians earlier in the week to discuss, among other things, the idea of Norway lending Iceland a sizeable chunk of money. The amount under discussion is up to NOK 100 billion, which is ISK 2,200 billion.

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