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The Icelandic New Business Venture Fund
The Icelandic New Business Venture Fund (also known as the New Business Venture Fund or the NBVF for short) is an independent company owned by the Icelandic government. It began operations in 1998 after a 1997 reorganization of the banking sector of Iceland. The organization is supervised by the Ministry of Industry and Commerce. Its purposes are strengthening the economy of Iceland and increasing its internationalization. Some of the organization's activities included helping to start Icelandic New Energy and providing start-up capital to companies. It was founded with a budget of ISK 5 billion. However, the organization was not a major success and made few notable accomplishments. History The Icelandic New Business Venture Fund was founded in 1998 with an allocation of ISK 5 billion. It was formed as part of substantial alterations to the structure of the Icelandic financial market. These alterations included the merging four investment credit funds owned by the state into the f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Icelandic Government
The politics of Iceland take place in the framework of a parliamentary representative democratic republic, whereby the president is the head of state, while the prime minister of Iceland serves as the head of government in a multi-party system. Executive power is exercised by the government. Legislative power is vested in both the government and the parliament, the Althingi. The judiciary is independent of the executive and the legislature. Iceland is arguably the world's oldest assembly democracy, and has been rated as a "full democracy" in 2021. Executive branch , President , Guðni Th. Jóhannesson , Independent , 1 August 2016 , - , Prime Minister , Katrín Jakobsdóttir , Left-Green Movement , 30 November 2017 Elected to a four-year term, the President has limited powers and is poised in a largely ceremonial office that serves as a diplomat and figurehead. On 1 August 2016, Guðni Th. Jóhannesson became the new president of Iceland. He was re-elected with an over ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
