List of companies of the Faroe Islands
The Faroe Islands are an archipelago between the Norwegian Sea and the North Atlantic approximately halfway between Norway and Iceland, 320 kilometres (200 miles) north-northwest of mainland Scotland. The islands are an autonomous country within the Kingdom of Denmark.
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. Unemployment decreased in the later 1990s, down to about 6% at the end of 1998. By June 2008 unemployment had declined to 1.1%, before rising to 3.4% in early 2009. In December 2014 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 and the eighth biggest in the world.
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.
|Atlantic Airways||Consumer services||Travel & leisure||Sørvágur||1987||Airline|
|Atlantic Petroleum||Oil & gas||Oil & gas producers||Tórshavn||1998||Private oil and gas exploration|
|Bakkafrost||Consumer goods||Food & beverage||Glyvrar||1968||Salmon farming|
|Eik Banki||Financial services||Banks||Tórshavn||1832||Financial services|
|FaroeJet||Consumer services||Travel & leisure||Vágar||2005||Airline, defunct 2006|
|Föroya Bjór||Consumer goods||Food & beverage||Klaksvík||1888||Brewery|
|Kringvarp Føroya||Consumer services||Media||Tórshavn||1957||Public television and radio station|
|Posta||Industrials||Industrial transportation||Tórshavn||1976||Postal services|
|Restorffs Bryggjarí||Consumer goods||Food & beverage||Tórshavn||1849||Brewery, defunct 2007|
|Rúsdrekkasøla Landsins||Consumer services||Retail||Tórshavn||1992||Alcoholic beverages retail|
|SeWave||Utilities||Electricity||Tórshavn||2002||Wave farm project|
|Smyril Line||Industrials||Industrial transportation||Tórshavn||1983||Shipping|
|Strandfaraskip Landsins||Industrials||Industrial transportation||Suðuroy||1917||Public transportation|
|The Faroe Insurance Company||Financials||Insurance||Tórshavn||1965||Insurance|
|Vodafone Faroe Islands||Telecommunications||Mobile telecommunications||Tórshavn||2000|
- Faroeislands.fo – Faroe Islands in Brief
- Norden.org – Facts about the Faroe Islands
- Gardel, Uffe (12 September 2014). "Færøsk hjælp til Putin (Faroese help to Putin)" (in Danish). Business.dk. Retrieved 1 July 2015.
- Statistics Faroe Islands; Labour Market and Wages, accessed 4 August 2009
- "Arbeiðsloysið er óbroytt 3,2%" (in Faroese). hagstova.fo. 23 January 2015. Retrieved 3 February 2015.
- "Bakkafrost Chief Financial Officer quits". Fishupdate.com. 7 October 2014. Retrieved 23 September 2015.
- portal.fo – Føroysk alifyritøka er áttinda størst í heiminum