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
Flora of the Faroe Islands from Tierra del Fuego to the Faroe Islands, making it the biggest "Nothofagus" population in Europe. Species from the Alaskan coastline and islands have also adapted well in the Faroe Islands, especially "Pinus contorta", "Picea sitchensis", "Salix alaxensis", "Populus trichocarpa" and "Alnus sinuata". The biggest Alaskan pine tree ("Pinus contorta") in Europe (in width, not in height), is to be found in the Selatrað plantation in the Faroe Islands. Generally, species from the oceanic climates of coastal Alaska, New Zealand, Tierra del Fuego and Tasmania are adapted to Faroe, while species from the more continental climates of Scandinavia and Europe