List of companies of the Faroe Islands information
Location of the Faroe Islands
The Faroe Islands are an archipelago between the Norwegian Sea and the North Atlantic approximately halfway between Norway and Iceland, 320 kilometres (200 miles) north-northwest of mainland Scotland. The islands are an autonomous territory within the Kingdom of Denmark.[1]
Economic troubles caused by a collapse of the Faroese fishing industry in the early 1990s brought high unemployment rates of 10 to 15% by the mid-1990s.[2] Unemployment decreased in the later 1990s, down to about 6% at the end of 1998.[2] By June 2008 unemployment had declined to 1.1%, before rising to 3.4% in early 2009.[2] In December 2014[3] the unemployment was 3.2%. Nevertheless, the almost total dependence on fishing and fish farming means that the economy remains vulnerable. One of the biggest private companies of the Faroe Islands is the salmon-farming company Bakkafrost, which is the largest of the four salmon-farming companies in the Faroe Islands[4] and the eighth-biggest in the world.[5]
^* Benedikter, Thomas (2006-06-19). "The working autonomies in Europe". Society for Threatened Peoples. Archived from the original on 2008-03-09. Retrieved 2019-08-30. Denmark has established very specific territorial autonomies with its two island territories
Ackrén, Maria (November 2017). "Greenland". Autonomy Arrangements in the World. Archived from the original on 2019-08-30. Retrieved 2019-08-30. Faroese and Greenlandic are seen as official regional languages in the self-governing territories belonging to Denmark.
"Facts about the Faroe Islands". Nordic cooperation. Archived from the original on 23 April 2018. Retrieved 1 July 2015. The Faroe Islands [...] is one of three autonomous territories in the Nordic Region
^ abcStatistics Faroe Islands; Labour Market and Wages Archived 2009-11-13 at the Wayback Machine, accessed 4 August 2009
^"Arbeiðsloysið er óbroytt 3,2%" (in Faroese). hagstova.fo. 23 January 2015. Retrieved 3 February 2015.
^"Bakkafrost Chief Financial Officer quits". Fishupdate.com. 7 October 2014. Archived from the original on 25 September 2015. Retrieved 23 September 2015.
^(www.knassar.com), Knassar - the new media web partner. "Føroysk alifyritøka er áttinda størst í heiminum - Føroyski portalurin - portal.fo". portal.fo. Archived from the original on 2015-10-29. Retrieved 2018-03-19.
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