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Central Bank to continue programme of regular foreign currency sales

30.11.2020

From Tuesday 1 December through the end of the month, the Central Bank of Iceland will sell 3 million euros per day to market makers in the interbank market for foreign exchange, for a total of 66 million euros during the month. The transactions will take place soon after the market opens in the morning, and no later than 10:00 hrs.

November Monetary Bulletin published

18.11.2020

The November issue of Monetary Bulletin has been published on the Central Bank of Iceland website. The report, which is issued quarterly, contains the Bank’s analysis of the economic and monetary outlook.

Statement of the Monetary Policy Committee

18.11.2020

The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to lower the Bank’s interest rates by 0.25 percentage points. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore be 0.75%.

Sixon Investments not an authorized or regulated entity in Iceland

17.11.2020

The Financial Supervisory Authority of the Central Bank of Iceland (FSA) has received enquiries regarding the website Sixon Investments, which is supposedly a cryptocurrency investment platform offering various services pertaining to cryptocurrencies. The FSA would like to emphasize that it does not recognize Sixon Investments as an authorized or r...

Survey of market expectations

11.11.2020

The Central Bank of Iceland conducted a survey of market agents’ expectations over the period from 2-4 November. A total of 29 agents in the bond market, including banks, pension funds, mutual and investment funds, securities brokers, and licensed asset management firms were invited to participate. Responses were received from 26 market participant...

Central Bank to continue programme of regular foreign currency sales

30.10.2020

From Monday 2 November through the end of the month, the Central Bank of Iceland will sell 3 million euros per day to market makers in the interbank market for foreign exchange, for a total of 63 million euros during the month. The transactions will take place soon after the market opens in the morning, and no later than 10:00 hrs. They will be con...

Information on the status of NOVIS

23.10.2020

The Financial Supervisory Authority of the Central Bank of Iceland (FSA Iceland) makes reference to press release dated 18 and 30 September 2020, announcing a temporary ban on new sales of unit-linked insurance contracts. The ban was imposed by Národná banka Slovenska (National Bank of Slovakia, NBS) on products from NOVIS Insurance Company, NOVIS...

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Incentives

Iceland focuses on a favorable business environment, including low corporate tax, availability of land and green energy at competitive prices and efficiency within European legislative framework. New direct investment projects can apply for an investment agreement, ensuring generous regional incentives, including a corporate tax rate ceiling of only 15%.

Why Iceland

Along with having one of the lowest corporate tax rate in Europe, Iceland has a highly educated workforce which is ranked among the highest in the world, offers competitively priced renewable energy with an advanced infrastructure making Iceland an ideal location for investors