Many of the events portray Icelandic culture, they are mostly related to arts and music. Since it is related to the cultures, the main focus for the events is to preserve and create opportunity for locals to appreciate the heritage, especially in Reykjavik. Of course, for every event, it gathers people from all over Iceland to celebrate, and thus each of these events will foster greater bonding among the local people.
Take for example Menningarnótt, it is estimated that this even attracts more than 100,000 people. This event is successful also largely due to the overwhelming response and participation of the local communities. The support of this event by the local people will therefore able to draw tourists to experience this particular event as well. This event is a complete package for the participants, starting off with a marathon, there are photography exhibits, film screenings, performances, food and nightlife, complete with a closing ceremony and fireworks. Through events like this, it can strengthen local communities through participation, a positive socio-cultural impact.
Of course, not all the events are restricted to culture. There are a variety of other events spanning across the entire year, Food and Fun Festival in Feburary, Beer Day and Iceland Air Horse Festival.
Icelanders celebrate "unique" events as well, one of which that I found was "First Day of Summer Festival". It is a historic Icelandic event heralding the arrival of warmer weather, with sports, live music, processions, dancing and markets. They celebrate the "longest day of the year" as well, known as the Summer Solstice, when many bars stay open all through the night, when the midnight sun shines. These show the community spirit of Icelanders who love to celebrate with each other for every single special ocassions available.
This website provides information for the readers on all the events available in Reykjavik all year round- http://www.reykjavik.world-guides.com/reykjavik_evens.html
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