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
Faroe Islands Football Association Faroe Islands Football Association The Faroe Islands Football Association (; ), or FSF, is the governing body of all domestic football in the Faroe Islands, the highest level of which is the Faroe Islands Premier League. It also runs the Faroe Islands national teams for men and women. Established in 1979, it is based in Tórshavn. Organized football has been played in the Faroes since late 19th century. The first Faroese national football league (Meistaradeildin) was held in 1942. From 1942 until 1978 all Faroese football was governed by ÍSF (the Faroese Sports Association). On 13 January 1979 the Faroese