Faroe Business Report — The International Review of Faroe Islands Industry and Trade - Faroe Business Report — The International Review of Faroe Islands Industry and Trade
Geography
The Faroe Islands of today is brimming with innovation, artistic creation, and design.
The number of businesses who manage to transform creative ideas and talent into commercial ventures overseas, is steadily on the increase. While Faroese music and design repeatedly find their way into the newsrooms of the world press, Faroese salmon — served in the best restaurant in the world — has firmly established itself as a hallmark of good quality seafood on the world market.
Diary of a short stay in the Faroes — travelling between these magical islands is made remarkably easy with an impressive road infrastructure that features submarine tunnels; yet it’s the people that make it an unforgettable experience.
For most of my life I’ve listened to the shipping forecast on BBC radio in the UK. There’s something entrancing about the litany of sea areas recited by the announcer — ‘Bailey, Fair Isle, Faroes, South East Iceland…’ — with news of deep depressions over the North Atlantic and gale-force winds hitting the remote Faroe Islands.
The Faroese seek ways to consolidate their ability to offer genuine experience via proud traditions, magical landscapes, and unassuming quietness — with incoming tourism from the United Kingdom and the United States on the rise.
There was something about this place that left this British tour operator astounded. He’d been invited to the Faroes to experience the country firsthand and had already surrendered to the charm of the Faroese and the beauty of their islands — this was indeed something worth including in his offers to travel agencies in the UK.
Seas the Future, a high-level international conference on oceans issues in the North Atlantic, takes a proactive stance on challenges faced by countries dependent on the sustainable management of marine-based industries.
It’s time to set the record straight and make clear that there is much more to sustainability and the oceans than implied in convenient and often misleading soundbites about the negative impacts of fishing.
The Faroese have had a busy representation office in Brussels since 1998 with diplomatic activities gradually changing focus from improving the 1996 Trade Agreement to facilitating cooperation in science, technology, and aviation.
Following the implementation of the 1996 Trade Agreement between the Faroe Islands and the European Union, the Faroese agenda with regard to the EU was limited to setting up office in Brussels and make good efforts to improve that Trade Agreement. In the last few years, however, the focus has shifted toward establishing cooperation in key areas including science and technology and aviation, said Gunnar Holm-Jacobsen, head of the Mission of the Faroes to the European Union.
Since the idea of New Nordic Food came up in 2005, a distinct Faroese gourmet cuisine based on traditional specialties has emerged — while on the popular music scene, too, ambassadors of Faroese culture add originality and freshness.
All of a sudden everything Nordic has a place in the sun, regarded around the world as something out of the ordinary, representing a neat a blend of sophistication and purity, of modern minimalism and originality. Think organic form and function meets clinical sustainability, if that makes sense.
The leading economy hotel in the Faroe Islands, Hotel Streym, offers all the essentials a traveler may need and a great deal more — from fully equipped rooms and wireless internet to continental breakfast and, if you like, car hire.
What do you do if you want to have a change in life, if retiring is unthinkable but selling your old business is tempting? Say you’re based in Vágar and this happens after the opening of the submarine tunnel between that island and Streymoy, the island of the capital; and say you come across a good business opportunity in Tórshavn.
Welcome to the 2011 Edition of the Faroe Business Report
I’m proud to present the 6th edition of the Faroe Business Report. It’s a pleasure again this year to bring you this information package about the Faroese business scene in cooperation with leading businesses and government departments and agencies. I encourage you to take a read to check the state of affairs in the Faroese business environment and see what some of the main events are compared to last year or a few years back. I guarantee that there’s quite a few things that happen in the course of a single year — major change can occur very quickly in the Faroe Islands.
Búi Tyril
Publisher and Editor in Chief
Reach International Businesspeople with an Eye on the Faroe Islands
Sponsoring an article or placing an ad in the Faroe Business Report is a great way of accessing important market segments or conveying your values to key constituencies. For those keen to share with an international audience what their position in the Faroe Islands may mean, this yearly publication is recognized as the information medium of choice — an undisputed leader in its field.
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Sannførandi søgur byggja álit millum viðskiftarar og veitarar
Fyri bæði fyritøkur og stovnar er umráðandi at samskifta væl við umheimin, soleiðis at góð og hóskandi kunning altíð er tøk í rættari tíð. Hesin samskiftis tørvur ger seg altíð galdandi, eisini tá vit ikki beinleiðis síggja hann.
Hetta kemst millum annað av at broytingar við meir ella minni avgerandi ávirkan á virksemið hjá fyritøkuni ella stovninum kunnu henda óvæntað skjótt.