BankNordik Corporate Finance, an undisputed leader in its field, offers comprehensive advice for foreign investors looking to increase their interests in the Faroe Islands as well as helping Faroese companies expand into overseas markets.
Since its inception in 2006, BankNordik’s dedicated Corporate Finance team has been involved in some of the most major corporate deals in the Faroe Islands, including this summer’s 1.1 billion dkk (148m eur) acquisition of fishmeal and feed factory Havsbrún by aquaculture company Bakkafrost.
The Faroes prepares to reduce imports of oil by dramatically decreasing dependence on fossil fuels for heating and power — betting on the islands’ vast, untapped energy resources: wind and ocean currents.
In its policy advice to the Ministry of Trade and Industry concerning the Faroe Islands’ move toward renewable energy, Jarðfeingi (Faroese Earth and Energy Directorate) has alluded that conditions for generating power from wind and ocean currents present “virtually unlimited potential.”
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.
Joint venture Faroe Origin puts former Faroe Seafood facilities in Runavík and Toftir at the center of processing activities, adding fresh products to the mix while keeping trawlers focused on saithe.
The largest pelagic fishing enterprise in the Faroe Islands, Varðin has joined forces with Framherji and Iceland’s Samherji to take over a sizable section of Faroe Seafood’s assets following the bankruptcy of the former giant in the groundfish business.
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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
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.
Read more (PDF)...
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.