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
Association of Writers of the Faroe Islands established in 1957. Association of Writers of the Faroe Islands Association of Writers of the Faroe Islands (in Faroese called Rithøvundafelag Føroya) is an association for authors and translators who write in the Faroese language. These authors live primarily in the Faroe Islands, but some of them also live in other countries. Some Faroese writers write not only in Faroese but also in Danish, but most Faroese writers write primarily in Faroese. The Faroese language is only spoken by the Faroese people of the Faroe Islands, which currently have a population of 50.000 people. The Association of Writers of the