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Central Bank

Monetary Policy Committee report to Parliament

03.07.2020

The Central Bank Monetary Policy Committee’s (MPC) report to Parliament (Alþingi) on the Committee’s work in H1/2020 has been posted to the Bank’s website. The report is supplemented by a wide range of supporting material.

Minutes of Financial Stability Committee meetings in March 2020

01.07.2020

The minutes of the Central Bank of Iceland Financial Stability Committee’s (FSC) of the Committee’s meetings in March 2020 have now been published. The FSC met three times in March and discussed the economy, developments in the domestic financial markets, the position of and risks in the financial system and in the operations of individual financia...

Financial Stability 2020/1

01.07.2020

The Bank’s Financial Stability report 2020/1 presents an overview of the position of the financial system, its strengths and potential weaknesses, and the macroeconomic and operational risks it may face. Financial Stability is also published in Icelandic under the title Fjármálastöðugleiki.

Statement of the Financial Stability Committee 1 July 2020

01.07.2020

The most recent GDP growth forecasts for Iceland assume that GDP will contract by 8% this year. Measures adopted by the Central Bank of Iceland and the Government in response to the COVID-19 pandemic have afforded financial institutions greater scope to support households and businesses during this challenging time.

BIS to establish Nordic Innovation Hub Centre in Stockholm

30.06.2020

The Bank for International Settlements, BIS, announced today to establish a BIS Innovation Hub Centre in Stockholm in collaboration with the central banks in Denmark, Iceland, Norway and Sweden. The Nordic Innovation Centre will work to deepen the analysis of technological financial innovation relevant to central banks.

Economic Indicators

26.06.2020

Economic Indicators, a quarterly summary of economic developments and compendium of statistics, have been posted here on the Central Bank of Iceland website.

Support loan agreements signed

24.06.2020

The Central Bank of Iceland has signed agreements with Arion Bank, Kvika banki, Landsbankinn, and Íslandsbanki concerning Treasury-guaranteed support loans. The aim of the support loans is to maintain employment and economic activity by supporting small businesses that have suffered a temporary drop in revenues because of the COVID-19 pandemic and...

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For further information on the benefits of establishing a business in Iceland please feel free to contact us.

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