List of companies of the Faroe Islands explained

The Faroe Islands are an archipelago between the Norwegian Sea and the North Atlantic approximately halfway between Norway and Iceland, 200disp=flipNaNdisp=flip 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]

Notable firms

This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct.

See also

Notes and References

    • Web site: The working autonomies in Europe. Society for Threatened Peoples. Denmark has established very specific territorial autonomies with its two island territories. Benedikter. Thomas. 2006-06-19. 2019-08-30. https://web.archive.org/web/20080309063149/http://www.gfbv.it/3dossier/eu-min/autonomy.html. 2008-03-09. dead.
    • Web site: Greenland. Ackrén. Maria. Autonomy Arrangements in the World. November 2017. Faroese and Greenlandic are seen as official regional languages in the self-governing territories belonging to Denmark.. 2019-08-30. https://web.archive.org/web/20190830110832/http://www.world-autonomies.info/tas/Greenland/Pages/default.aspx. 2019-08-30. dead.
    • Web site: Facts about the Faroe Islands. Nordic cooperation. 1 July 2015. https://web.archive.org/web/20180423094907/http://www.norden.org/en/fakta-om-norden-1/the-nordic-countries-the-faroe-islands-greenland-and-aaland/facts-about-the-faroe-islands. 23 April 2018. dead. dmy-all. The Faroe Islands [...] is one of three autonomous territories in the Nordic Region.
  2. http://www.hagstova.fo/portal/page/portal/HAGSTOVAN/Statistics_%20Faroe_Islands/Statistics/LABOUR_MARKET_AND_WAGES/ARBLMAT_EN Statistics Faroe Islands; Labour Market and Wages
  3. Web site: Arbeiðsloysið er óbroytt 3,2%. 23 January 2015. hagstova.fo. fo. 3 February 2015.
  4. Web site: Bakkafrost Chief Financial Officer quits. 7 October 2014. Fishupdate.com. 23 September 2015. https://web.archive.org/web/20150925083335/http://www.fishupdate.com/bakkafrost-chief-financial-officer-quits/. 25 September 2015. dead.
  5. News: Føroysk alifyritøka er áttinda størst í heiminum - Føroyski portalurin - portal.fo. (www.knassar.com). Knassar - the new media web partner. portal.fo. 2018-03-19. https://web.archive.org/web/20151029220310/http://portal.fo/foroysk+alifyritoka+attinda+storsta+i+heiminum.html. 2015-10-29. dead.

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