Cheaper cocktails in Reykjavik because of Costco

Port 9 is located in Reykjavik centre.

Port 9 is located in Reykjavik centre. Photo: Facebook/ Port 9

“I’m looking into what I can do and what is available. If I get the wine on a decent price, my guests will certainly gain from that,” says restauranteaur Gunnar Páll Rúnarsson. He is the owner of wine bar Port 9 in Reykjavik centre.

He has lowered the prices on some of his cocktails. The reason he says, is Costco. A supermarket and wholesale which recetntly opened in Iceland and caused quite a stir.

According to Rúnarsson he can buy alcohol at a decent price in Costco, which means he can lower the prices on some of his cocktails. The Italian Apperol Spritz was the first to go down in price, and is now 500 ISK cheaper than it used to be. It contains prosecco which Gunnarsson now buys in Costco.

He is looking at other types of wine and alcohol available in Costco, and will possibly lower prices on other drinks.

The Icelandic state has a monopoly on the retail sale of alcohol. However wholesales like Costco can sell alcohol to restaurants and bars.

Costco opened a few weeks ago and is already extremely ...

Costco opened a few weeks ago and is already extremely popular. Photo: Iceland Monitor/Hanna Andresdottir

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