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
History of the Faroe Islands Harald Hårfagre, and that other Norse were driven to the Faroe Islands due to his chaotic rule. This mass migration to the Faroe Islands shows a prior knowledge of the Viking settlements' locations, furthering the claim of Grímur Kamban's settlement much earlier. While Kamban is recognized as the first Viking settler of the Faroe Islands, his surname is of Gaelic origin. Writings from the Papar, an order of Irish monks, show that they left the Faroe Islands due to ongoing Viking raids. The name of the islands is first recorded on the Hereford "mappa mundi" (1280), where they are labelled