Reykjavik, Oct 27 (DPA) Icelanders will in future have to go abroad to buy a Big Mac since US fastfood giant McDonald’s is to close its restaurants in the North Atlantic island-nation, public broadcaster RUV reported Tuesday.
All three McDonald’s restaurants in Iceland were to close at the end of October due to the high costs of importing products used to make the menu items, franchise owner Jon Ogmundsson said.
Import costs have rocketed as the Icelandic currency has dropped in value to other currencies in the wake of the financial crisis that hit Iceland a year ago.
The first McDonald’s restaurant opened 1993 and the country’s then prime minister David Oddsson attended the opening.
Ogmundsson has plans to open a domestic hamburger chain instead.
