The

Iceland Iceland ( is, Ísland; ) is a Nordic island country in the North Atlantic Ocean and in the Arctic Ocean. Iceland is the most sparsely populated country in Europe. Iceland's capital and largest city is Reykjavík, which (along with its s ...

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 (born 30 October 1970) 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 a ...

of the

Social Democratic Alliance The Social Democratic Alliance ( is, Samfylkingin - jafnaðarflokkur Íslands), officially The Alliance – Iceland's Social Democratic Party, is a social democratic, and pro-European political party in Iceland. The Social Democratic Alliance wa ...

. He tendered his resignation to the Prime Minister

Geir H. Haarde Geir Hilmar Haarde (; born 8 April 1951) is an Icelandic politician, who served as prime minister of Iceland from 15 June 2006 to 1 February 2009 and as president of the Nordic Council in 1995. Geir was chairman of the Icelandic Independence P ...

on 25 January 2009 to take partial responsibility for the 2008–2012 Icelandic financial crisis. Björgvin was replaced on 1 February by

Gylfi Magnússon Gylfi Magnússon (born. 1966) is an Icelandic economist, an associate professor at University of Iceland and former chair of the Icelandic Competition Authority (''Samkeppniseftirlitið''). He was Minister for Economic Affairs in the coalition g ...

, a professor of economics at the

University of Iceland The University of Iceland ( is, Háskóli Íslands ) 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' s ...

without party political affiliation.

External links

Official siteGovernment website
Business Affairs 2007 establishments in Iceland

Ministries established in 2007 {{iceland-poli-stub