Recognized Authority

Faroe Business Report—the International Review of Faroe Islands Industry and Trade—is recognized as a leading information source in its field, offering a quick yet comprehensive overview of the Faroes as an exporting country and a place for foreign investment. With the purpose of educating overseas clients, business and diplomatic contacts, and news media about the Faroe Islands, the Report has proved invaluable to readers, and indispensable for co-sponsors and advertisers for its well presented, easily digested information.

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Welcome to the 2016 Edition of the Faroe Business Report

Faroe Business Report 2016

Welcome to the 11th volume of the Faroe Business Report, the 2016 edition of the international review of Faroe Islands industry and trade. The tiny island nation in the North Atlantic continues to impress in several departments, with foreign trade reaching new record levels on the exports side, while at the same time incoming tourism is picking up amid reinforced efforts to promote the country internationally as a destination to visit. Read more…

Fisheries Reform: Questions of Priority

Taking a too formalistic approach to issues such as equal competition and resource ownership can do more harm than good, policymakers looking to reform fisheries legislation are warned by the Faroe Fishing Vessel Owners. […]

FAS: Add Nimble to Fiscally Attractive

Amid growing popularity of the FAS ship registry, the Faroe Islands becomes one of the first in the world to issue ship’s officers’ Certificates of Competency in the form of convenient plastic cards linked to digitized qualification documents. […]

Twofold Extension for Tórshavn’s East Harbour

The Port of Tórshavn prepares for a major development project in response to rapidly increasing ship traffic — extending the East Harbour twofold by 95,000 square meters for new storage areas and added dock space. […]

Minister Høgni Hoydal on Coming Fisheries Reform

Long awaited reform of the Faroe Islands fisheries legislation at last gets underway with a commission launched to advise on key issues such as future fishing rights and securing a level playing field for industry participants.  […]