Olafsvik

Olafsvík is a small town in Iceland at the northern facet of the Snaefellsnes Peninsula. At one factor within the 17th and 18th centuries, business vessels sailed between Olafsvík and Denmark, and the village was one of the larger trading ports in Iceland. Olafsvík became licensed trading location, authorized by using the Danish King and Danish government, in 1687.

It is situated near the western end of the Snaefellsnes peninsula, at the north coast of the peinsula. It is on direction 54, among Grundarfjordur and Hellissandur. At 23 levels 42 minutes West, it's miles the westernmost settlement of its size in Europe. Perhaps because of its situation at the bay of Breioafjordur, the village was the first in Iceland to get hold of a industrial licence from the King of Denmark, inside the seventeenth century. Olafsvík's financial system is primarily based on fishing enterprise and commerce, and provision of services for farmers in the region.