Established in 1947 by governmental decree, Egilsstaðir, one of Iceland´s youngest townships, has become the service and trade centre for most of East Iceland. Thus, Egilsstaðir has a large number of retail and service businesses, and many major icelandic companies have branches here. Convenient location at busy crossroads and next door to international ferry harbour in Seyðisfjörður further enriches the local atmosphere for everyday life in East Iceland´s busiest town.