Iceland - Reykjavík
The capital of Iceland, Reykjavík sits on the Faxaflói bay. The bay has been a source of livelihood for the people of Reykavík, with fishing being a key industry.
The capital is the centre of the cod-fishing industry and the chief commercial and industrial hub of Iceland. The economy depends heavily on the fishing industry, which provides 70% of export earnings and employs 8% of the work force. The main fish caught around Iceland’s seas are capelin, cod, haddock and herring.
