Faroe Business Report — The International Review of Faroe Islands Industry and Trade - Faroe Business Report — The International Review of Faroe Islands Industry and Trade
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Eyeing a New Energy Reality
Written by B. Tyril —
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.” -
Mapping Out Massive Plans for Port of Runavík
Written by B. Tyril —
Runavík has asked an engineering firm to turn its blueprint for future harbor development in the Skálafjord into a detailed masterplan, allocating areas for seafood industry, container shipping, offshore oil and gas, and cruise tourism.
The Municipal Council of Runavík, the port authority for the Port of Runavík, is for the first time working out a detailed masterplan to guide future harbor development in the Faroe Islands’ longest fjord. -
More Fish, More Tourism — More Business for Tórshavn
Written by B. Tyril —
The Port of Tórshavn expects to see its cargo throughput increase as exports of farmed salmon rise and landings of pelagic fish pick up pace at Kollafjørður, while the number of cruise ship calls remains stable with an upward bias.
The total amount of cargo passing through the Port of Tórshavn is expected to move upward thanks to growing exports of farmed fish and an increase in landings of pelagic fish that is set to accelerate this year (2011) at Kollafjørður. -
Slowly But Surely…
Written by J. Cresswell, B. Tyril —
FOÍB remains committed to promoting the oil and gas industry in the Faroes encouraged by the government’s new open-door policy and the growing activities in areas surrounding the Faroe Islands.
More than a decade since the first well was drilled offshore Faroe by Statoil, Faroes Oil Industry Group (FOÍB) chairman Nils Sørensen remains highly optimistic, despite no clearly commercial hydrocarbons finds having been made to date.
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.