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
Cinema of the Faroe Islands Cinema of the Faroe Islands The cinema of the Faroe Islands does not have a long history. The Faroe Islands has a small population, and due to the high initial cost of movie making, the islands' cinema history is modest. (On the other hand, writing and book publishing is very popular). The first director of the Faroe Islands was Katrin Ottarsdóttir. Her first film set in the Faroe Islands was "Atlantic Rhapsody" in 1989. However, the first feature films in Faroese language with full Faroese castings ("Rannvà" 1975, "Heystblómur" 1976 and "Pall Fángi" 1977) were made in the mid-seventies by