Ministry of Business Affairs (Iceland)
Encyclopedia
The Iceland
ic Ministry of Business Affairs (Icelandic: ), also translated as the Ministry of Commerce or Ministry of Trade, is a government ministry established on 24 May 2007, when it was split off from the Ministry of Industry and Commerce. The ministry is responsible for company law, competition law, financial services, insurance and trade (both domestic and internal).
Its first minister was Björgvin G. Sigurðsson
of the Social Democratic Alliance. He tendered his resignation to the Prime Minister Geir H. Haarde on 25 January 2009 to take partial responsibility for the 2008–2011 Icelandic financial crisis. Björgvin was replaced on 1 February by Gylfi Magnússon
, a professor of economics at the University of Iceland
without party political affiliation.
Iceland
Iceland , described as the Republic of Iceland, is a Nordic and European island country in the North Atlantic Ocean, on the Mid-Atlantic Ridge. Iceland also refers to the main island of the country, which contains almost all the population and almost all the land area. The country has a population...
ic Ministry of Business Affairs (Icelandic: ), also translated as the Ministry of Commerce or Ministry of Trade, is a government ministry established on 24 May 2007, when it was split off from the Ministry of Industry and Commerce. The ministry is responsible for company law, competition law, financial services, insurance and trade (both domestic and internal).
Its first minister was Björgvin G. Sigurðsson
Björgvin G. Sigurðsson
Björgvin G. Sigurðsson is an Icelandic politician, representing the Social Democratic Alliance. He became Iceland's first Minister of Business Affairs when the new ministry was split off from the Ministry of Industry and Commerce on 24 May 2007...
of the Social Democratic Alliance. He tendered his resignation to the Prime Minister Geir H. Haarde on 25 January 2009 to take partial responsibility for the 2008–2011 Icelandic financial crisis. Björgvin was replaced on 1 February by Gylfi Magnússon
Gylfi Magnússon
Gylfi Magnússon is an Icelandic economist, an associate professor at University of Iceland and former chair of the Icelandic Competition Authority . He was Minister for Economic Affairs in the coalition government of Jóhanna Sigurðardóttir...
, a professor of economics at the University of Iceland
University of Iceland
The University of Iceland is a public research university in Reykjavík, Iceland, and the country's oldest and largest institution of higher education. Founded in 1911, it has grown steadily from a small civil servants' school to a modern comprehensive university, providing instruction for about...
without party political affiliation.