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| 1992, March 30 |
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| Children of Nature was the first Icelandic foreign language film nominated for an Academy Award. | 1 |
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| 1993, Dec. 14 |
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| The EC created the European Economic Area, which extended the Economic Community's single market legislation to Iceland, Finland, Norway, Sweden, and Austria. | 2 |
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| 1996 |
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| On June 29 Olafur Ragnar Grimsson won the presidency of Iceland despite continuing controversy over his leftist tendencies. | 3 |
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| 1999, May 8 |
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| The ruling Independence Party, headed by conservative prime minister David Oddsson, won the most seats in parliamentary elections. | 4 |
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