Skúli Gunnar Sigfússon, founder of Subway in Iceland, announced his interest in building a service center close to Jökulsárlón glacier lagoon.
Thirteen hundred tons of lamb meat will remain unsold this fall when the slaughtering season begins.
Minister of Finance Benedikt Jóhannesson hopes that agreements with the European Union on the abolition of tariffs on agricultural imports will take effect mid-way through next year.
Director of the Downtown Reykjavík Association states harsher penalties should be imposed on graffiti in order to tackle the problem.
South Iceland Police believe a body found yesterday is that of Nika Begadze, a Georgian asylum seeker.
Two hundred competitors are registered to compete in the World Yoyo Contest which began at Harpa Concert Hall in Reykjavík yesterday.
Americans made up almost one third of all those flying out of Iceland from Keflavík International Airport in July.