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 suggested that the people living there might have been from Ireland, Scotland or Scandinavia, with possibly groups from all three areas settling there. There is a Latin account of a voyage made by Saint Brendan, an Irish monastic saint who lived around 484–578, there is a description of "insulae" (islands) resembling the Faroe Islands. This association, however, is far from conclusive in its description. The earliest text which has been claimed to be a description of the Faroe Islands was written by an Irish monk in the Frankish Kingdom named Dicuil, who, around 825, described certain islands in the north