Faroe Islands 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. Petroleum found close to the Faroese area gives hope for deposits in the immediate area, which may provide a basis for sustained economic prosperity. 13% of the Faroe Islands' national income comes as economic aid from Denmark. This corresponds to roughly 5% of GDP. Since 2000, the government has fostered new information technology and business projects to attract new
Faroe Islands Premier League February 2012 the name was changed to "Effodeildin", a 3-year deal was agreed with the Faroese petrol company Effo, which was previously called Statoil and Esso. The league renewed with Effo and was called Effodeildin until 2017. In December 2017 the name was changed to "Betri deildin menn", as the FSF signed with Betri, a bank based in Tórshavn. Source: Source: Source:; (from 1983) Faroe Islands Premier League The Faroe Islands Premier League is the top level of football in the Faroe Islands. It was founded in 2005, replacing 1. deild and it is organised by the Faroe Islands Football