Iceland's Economic Climate
Over the past two weeks, economic developments took a sharp turn for the worse in Iceland. The country’s three main commercial banks, Glitnir, Landsbanki and Kaupthing, collapsed owing to the financial storm now raging in international markets and the government has resorted to exceptional measures to stabilize the situation.
Appointment of an Honorary Consul of Iceland in Maldives
Mr. Ibrahim Mohamed Didi has been appointed Honorary Consul of Iceland in Malé for all the territory of the Republic of Maldives.
On April 30, 2008, the Ambassador presented his credentials to the Prime Minister of Nepal, H.E. Mr. G. P. Koirala, as the Ambassador of Iceland to Nepal, residing in New Delhi.
Today, 4 December 2007 Ambassador Gunnar Pálsson delivered his credentials to the President of Sri Lanka, H.E. Mr. Mahinda Rajapaksa, as the Ambassador of Iceland to Sri Lanka, residing in New Delhi.
Today, 29 November 2007 Ambassador Gunnar Pálsson delivered his credentials to the President of the Republic of Singapore, H.E. Mr. Sellapan Ramanathan, as the Ambassador of Iceland to Singapore, residing in New Delhi.
The Icelandic investment bank Askar Capital has joined hands with India´s SKIL Group to set up a $500 million private equity fund, as part of its initiative to enter the Indian market with a special focus on the SME sector.
Foreign Minister addresses Parliament
On Friday 19 October, the Foreign Minister of Iceland, Mrs. Ingibjörg Sólrún Gísladóttir, addressed the Women's Foreign Policy Group (WFPG) in Washington D.C. At the occasion, Mrs. Gísladóttir was nominated as an honorary member of WFPG; an organization dedicated to the promotion of women as international leaders, and ensuring that women's voices are heard and women leaders are fully engaged in finding new approaches and solutions.
The Foreign Minister of Iceland, Mrs. Ingibjörg Sólrún Gísladóttir, has welcomed the decision to award the Nobel Peace Prize to the UN Intergovernmental Panel on Climate Change (IPCC), and its Chairman Dr R.K. Pachauri, together with former US Vice President Al Gore.
Today, the Ambassador of Iceland to India, Dr. Gunnar Pálsson, and the Secretary of the Indian Ministry for New and Renewable Energy, Mr. V. Subramanian, signed a Memorandum of Understanding (MOU) between Iceland and India on Renewable Energy Cooperation.
Winter is Here!
Early October in North Iceland has experienced snowfall on Saturday night and Sunday morning. The children in the towns of the North were delighted to have an opportunity to go for a ride on their sleds. The older generations were presumably not as happy since the snow blocked roads in various places in the north and northeastern part of the country as well as the West Fjords.
Today, the Foreign Minister of Iceland, Ms. Ingibjörg Sólrún Gísladóttir, addressed the 62nd session of the General Assembly of the United Nations in New York. In her speech, the Minister outlined Iceland´s natural inclination for peaceful dispute settlement and emphasized the importance of universal human rights, sustainable development and human security.
Today, the President of Iceland, Dr. Ólafur Ragnar Grímsson, participated in a hearing organized by the Committee on Energy and Natural Resources in the United States Senate. The hearing was held to discuss a Bill to Establish a National Geothermal Initiative in the United States.
The motorists faced problems in south Iceland on Saturday as that region got early snowfall an they had not prepared their vehicles for the winters with studded tires, designed to drive on slippery roads.
MTV Europe Music Awards has nominated Icelandic musician Björk for two awards at the to be held in Munich November 1, as best solo artist and as best rocker.
US Senator Barbara Boxer, head of the US Senate’s environment committee, met President of Iceland Ólafur Ragnar Grímsson on August 22, 2007. The meeting was held at his residence Bessastadir, near Reykjavík, to discuss climate change and energy issues.
The Indian Government has given its approval for opening an Indian mission in Iceland, along with new missions in four other countries.
According to India's Information Minister, Priya Ranjan Dasmunsi, who was quoted in the Indian media, the decision will help in order to safeguard and promote India's strategic, economic and political interests in the respective regions.