Iceland v Bulgaria, 07 August 1988
| Score | 3-2 to Bulgaria |
| Competition | International Friendly |
| Venue | Laugardalsvöllur, Reykjavík |
| Attendance | 3,000 |
View Iceland v Bulgaria head to head
Goals:
| Pétur Ormslev | 6 |
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| Pétur Ormslev | 17 |
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Goals:
| Georgi Iordanov | 38 |
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| Luboslav Penev | 60 |
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| Petar Alexandrov | 89 |
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Starting lineup:
Goalkeeper
Fridrik Fridriksson
Defender
Gudni Bergsson
Defender
Atli Edvaldsson
Defender
Sigurdur Jónsson
Defender
Sævar Jónsson
Defender
Vidar Thorkelsson
Defender
Ómar Torfason
Midfielder
Sigurður Grétarsson
Midfielder
Pétur Ormslev
Midfielder
Olafur Thordarson
Forward
Ragnar Margeirsson
Starting lineup:
Goalkeeper
Ilija Valov
Defender
Pavel Dochev
Defender
Nikolay Iliev
Defender
Trifon Ivanov
Defender
Zaprian Rakov
Midfielder
Georgi Iordanov
Midfielder
Ayan Sadakov
Forward
Bozhidar Iskrenov
Forward
Luboslav Penev
Forward
Hristo Stoichkov
Substitutions:
| Halldór Askelsson for Ragnar Margeirsson | 0 |
| Pétur Arnthorsson for | 0 |
Substitutions:
| Ivailo Kirov for Trifon Ivanov | 46 |
| Atanas Pashev for Bozhidar Iskrenov | 46 |
| Ilian Kiriakov for Pavel Dochev | 46 |
| Petar Alexandrov for Hristo Stoichkov | 85 |