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Saturday, 06 March 2010 22:04 |
 According to the first numbers, which were published from the referendum regarding the Icesave legislation, have nearly everyone said no. Compared to the numbers which were published shortly after 10pm in all constituencies had 93,1% of voters voted against the legislation and 1,6% with it.
In the constituency of Reykjavik north were 19.300 votes counted. There were 356 yes and 17.738 no and 1206 ballots were blank or invalid.
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Thursday, 25 February 2010 18:45 |
 None of those who own the largest claims on Glitnir want to permanently own 95 percent part of Islandsbanki. The liquidating committee of Glitnir has so put the bank into the sales process and has put the Switzerland bank UBS to be the consultant in the sale. The bank is thought to be worth 100 billion króna.
The future project of the liquidating committee of Glitnir will include maximizing the value of the assets of Glitnir, collect and repay to the lenders. There has been great success but the liquidating committee has already closed branches and subsidiaries or sold them in ten countries and in most of these branches have all of the commitments in the country they were located in been paid in full. |
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Thursday, 25 February 2010 15:46 |
 It looks like there will be more recession this year than was expected last fall, according to the reviewed forecast of the economic department of ASI. In the forecast is expected that the recovery of the economy will be slower than thought before.
The reason is that there is great uncertainty about large industry projects and ASI says that the looks is that those will be delayed at least till next year which would cause that the recession this year will be greater and the unemployment even greater. |
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Friday, 19 February 2010 06:04 |
 Einar Gunnarsson, undersecretary of the ministry of foreign affairs, and Kristjan Guy Burgess, assistant of the minister of foreign affairs had a meeting with Sam Watson, who runs the embassy of the United States of America here in Iceland since there has not been set a new ambassador.
In a confidential document which was sent from the embassy to the American government, and published at the website Wikileaks last night, is a reference by Einar that if things go the worst way possible in the Icesave case could Iceland become bankrupt next year. |
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Wednesday, 27 January 2010 21:41 |
 Voting outside Iceland because of the referendum on March 6th 2010 will start tomorrow, on January 28th. In the announcement from the ministry of foreign affairs says that the voting outside Iceland will be held in all of the embassies of Iceland abroad and the main offices of Iceland in New York, Winnipeg, Shanghai and Thorshavn in Faeroe Islands.
"There is also a possibility to vote outside Iceland by an agreement with the election managers of Iceland abroad, according to the list attached. It is expected that there will be voting in 235 locations in 84 countries."
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Thursday, 21 January 2010 20:13 |
Landsbankinn sold industrial housing at Grensasvegur for more than forty percent less than the house was bought for three years ago. The square meter was sold for close to 50 thousand króna. Scrap value, says a certified real estate agent, but not uncommon in this situation.
The newsroom took a look into this case and got a copy of the sale contract. Fridrik Hansen engineer bought the properties in 2006 for close to 132 million króna in the purpose of turning the house into a hotel.
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Monday, 18 January 2010 21:29 |
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 On February 4th are three representatives of the Attac-association in Iceland, Einar Mar Gudmundsson writer, Bjarni Gudbjornsson historian and Gunnar Skuli Armannsson doctor meet representatives of the Norwegian government in an open meeting in Oslo according to an announcement from the association.
Also are representatives of the Norwegian attac-association going to attend the meeting, but they have organized the meeting with the Icelandic division. The title of the meeting is "Should the IMF leave Iceland?"
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Monday, 14 December 2009 15:02 |
 Foreign debts of private parties are higher than thought before, and so the debt ratio of Iceland is higher than it was during the first review of the economic plan of Iceland and the International Monetary Fund (IMF). It is between 307-350%.
The delegation of the IMF says that the debts of the government is lower than was thought during the first review of the economic plan of Iceland. It is mostly because there is much less expense from reconstructing the bank system than was expected at first. The controlling parts are that foreign claim owners have taken over the largest part of Arion bank and Islandsbanki, which reduces the financial contribution of the government into the banks.
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Monday, 07 December 2009 22:28 |
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 The dispute about the processing of the Icesave bill within the financial budget committee of the Parliament has been solved. The committee is now reviewing the comments by the opposition and will retur the result before the votes are to be made about the bill, possibly next week. The English law firm Mishchon de Reya will be reviewing the case.
The second discussion of the Icesave case was continued at 9pm tonight. A pause was made of the parliament meeting at 9.59 and the discussions started again at 10.19pm.
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Monday, 30 November 2009 05:30 |
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 Higher taxes on fuel which has been planned to set on this new years means that the expenses of running a private car will cost the family 60 thousand króna more than a year ago.
If looking at income taxes will each family need to earn 100 thousand króna wages more to be able to continue to use the car as they are used to, which many can not change.
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Tuesday, 17 November 2009 18:29 |
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 The special D.A. has demanded the grounding of the assets of Baldur Gudlaugsson, former undersecretary of the ministry of finance, in relations of an investigation of alleged insider trades of Baldur when he sold his shares in the Landsbanki just before its collapse. This is the first time that a special D.A. uses such authority.
According to the sources of the newsroom has the office of the special D.A. now grounded the assets of Baldur Gudlaugsson because of the sales amount of the shares in Landsbankinn which Baldur Gudlaugsson sold on September 17th 2008, but he sold his shares in the bank for close to two hundred million króna. The grounding is for the same amount Baldur sold his shares for.
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Tuesday, 03 November 2009 18:36 |
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The government receives roughly 600 billion króna bill if the emergency legislation is reversed. That could cause serious problems for the government.
The work report of the work group of the IMF about the matters of Iceland was published today. The main concern is the great debts of the national economy. Despite the fact do the employees of the fund that the debts are still manageable as the process of paying it up will be quite quick. |
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Wednesday, 28 October 2009 22:23 |
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 Because of financial problems has the province of Alftanes requested the participation of the surveillance committee of the financial matters of districts. It is the evaluation of the majority of the district administration of Alftanes that if nothing is done, or any measures taken regarding the finances of the district fund will the district end up in serious payment problems.
In the meeting of the district council tonight was approved in the first discussion the suggestion of the majority of the district council to take this route. For the past weeks have finances of the district been analyzed.
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Wednesday, 28 October 2009 22:10 |
 Steingrimur J. Sigfusson minister of finance says that the payment of the foreign loans will be paid with the loans that are issued following the review of the International Monetary Fund today if needed. He says that the exchange rate of the króna will not be manually controlled by intervening the currency market. This was said in the later evening news of the national television this evening.
The INternational Monetary Fund processed today the first review of the economic plan of Iceland. The review has been stalled for eight months but originally was supposed to be made in February this year. England and The Netherlands used their powers against the matter while the Icesave dispute was unsolved.
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Wednesday, 28 October 2009 16:48 |
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 Review of the economic plan of Iceland was approved in the meeting of the central administration of the International Monetary Fund at 5pm today. So the government could expect the payment of the loans from the fund soon.
The loans are for 21 billion króna. After Icelanders have received that loan will the loans from the Nordic nations follow shortly after.
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Tuesday, 27 October 2009 15:26 |
 The National Audit Office says that the actions the government took this summer to restrain the expenses and improve the profits of the national treasury in the end of the year have not returned the expected results. Then have 50 chosen government institutions in general not followed the requests of the National Audit Office to improve their positions.
This is said in a report of the National Audit Office to the parliament about the execution of the national budget for January - August this year.
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Wednesday, 21 October 2009 13:31 |
 The management of the International Monetary fund will review the economic plan of the government of Iceland on October 28th. This was included in an announcement the IMF has now sent to the media. This means that Iceland will recieve the second payment of the loan from the IMF which equals 167 billion US Dollars and a loan from the Nordic nations and Poland can then be issued.
In the announcement says that the review of the plan has been delayed for two reasons. |
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Wednesday, 14 October 2009 12:00 |
 The discussions with England and the Netherlands about Icesave is on its final stage but there is work being done in order to finalize the technical details, according to the sources of the newsroom.
There are no expectations for a new bill today or tomorrow.
After nine days, on October 23rd, will be the end of the deadline of the insurance fund of balance owners to pay up the insurances because of the Icesave accounts. |
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Wednesday, 30 September 2009 21:19 |
 Johanna Sigurdardottir prime minister said at the open meeting of the popular front party tonight that Icelanders have to cut back of the government expenses and raise taxes with or without the cooperation with the IMF.
Johanna said that Icelanders could say goodbye to the IMF tomorrow but the problems of the national treasury would not be solved by doing so. To improve the position of the economy is essential to get the loan from IMF and neighbor countries to enforce the foreign currency reserves. That action will make it mossible to lift the currency restrictions and lower the interest rates. |
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Wednesday, 30 September 2009 18:29 |
The newsroom has sources for that there is a new draft of the Icesave contract with the Netherlands and England being constructed behind the scene. The government is looking for ways for a new legislation which was probably discussed in the parliament party meetigs today and the government meeting which started at 6.
The parliament approved the bill of the government about the government responsibilities because of the Icesave accounts last month. |
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