Capital of Iceland is Reykjavik. The first settlers in Iceland, the Nordic people make a settlement in this present capital of Iceland, named Reykjavik. Reykjavik has a fame of being the northern most capital city of some country in the whole of the world. For a long time this capital of Iceland was a rather under developed area. In 1786 Reykjavik was officially founded as a trading city area and since then through regular development it has become the major city in Iceland and its capital as well.
The capital city of Iceland, Reykjavik has all the qualities that a capital of a developed country should have. It has an efficient administrative system that is run by the City Council. City Council has fifteen members who are elected at an interval of four years. Reykjavik has also all the facilities for its people that are expected to be found in a modern capital city like Reykjavik.
Reykjavik was established as a center of trade and commerce and still it has a strong economical base in the city. There are a number of industries in Reykjavik and lots of banks as well. The capital is well connected with several parts of the country through a number of highways. Cars are the main medium of transportation in Reykjavik. There are airports and seaports as well in Reykjavik The city is also popular for its nightlife. Nightlife in Reykjavik is very lively with more than hundred bars and clubs and people thronging there mostly after midnight.