Mayor of Reykjavík Dagur B. Eggertsson and rector of the University of Iceland Kristín Ingólfsdóttir signed a cooperative agreement yesterday on launching preparations for establishing a Peace Center in Reykjavík, Iceland Review reports.

The agreement was signed in Höfði, the historical building where the Reagan-Gorbachev summit took place in 1986, marking the beginning of the end of the Cold War.