course, to the country’s Vision 2015, the hope and dream that the Faroes will become one of the most progressive nations of the world by 2015. A bit audacious some might say, but I for one am the eternal [...] systematically tap into the tremendous research potential here, whether it be focused on the study of the ocean currents or fluctuating fish stocks or climate change. As an island nation, the Faroese are extremely [...] was indeed and the more I went about the country, and the more cups of coffee and sweet cakes I savored, the more I began to notice and appreciate that remarkable indomitable spirit of the Faroese bubbling

around 40% of the produced electrical power. The great opportunity seams to be in utilizing the power from the sea. The idea is to use the power waves give when they reach the shore, a process the company Sewave [...] polity close to the North Pole into to being a strong, dynamic polity in the middle of the North Atlantic taking the advantage of the new opportunities The task for the Faroes is to bring home the Faroes brainware [...] y. The Faroes not only have the oldest parliament in the world, but the heart of political power is still at the same place. The Faroes has been a very remote society without much contact with the world

not compete with. Both the faroese fish industry and the faroese society benefited immensely by the american market. When the faroese fish industry collapsed in the sad 90ies the export to USA came to a [...] products. The Faroese export grew to considerable proportions and for almost 20 years USA was the main market for faroese fish products.Generally the market was favourable with high prices, which the european [...] never regained the same volume as earlier. Today the trade between USA and Faroes is on a very small scale which I feel is not satisfactory. Still the US fish market is attractive and offers good opportunites

to diversify the economy. We have seen the economy grow and diversify for more than a decade now, since the recovery from the recession of the early 90ies. What must be striking about the Faroese economy [...] in fact amongst the best educated in the world, and of the Nordic countries only the Finnish population actually has a higher degree of education than the Faroese. Infrastructure is good with sub­seatunnels [...] actually hit it with the drill. Let me now, ladies and gentlemen, reassure you that I will not dive further into the technicalities, as it would neither do you or me any good. We will in the next few moments

this tiny country, the situation had changed. The last couple of months he had noticed that the islands were on the front page of several travel sections in major American newspapers. The Faroese newspaper [...] newspaper, Sosialurin, brought the story in connection with a portrait of the composer, but the reason why the Faroe Islands suddenly had become a subject of interest was unknown to the journalist. Of course nothing [...] just a question of luck or coincident that the Faroe Islands suddenly get huge world-media coverage. It turns out that the origin of the recent flood of stories is to be found in the cancelled visit by Bill

globalisation, the very foundation is the development of the Faroese welfare society. This is why we for the first time with Vision 2015 have made strategic comprehensive plans for welfare of all the most important [...] residential homes. The legal framework in regards to welfare of the elderly will be carried out in a new law that ensures the elderly citizens’ rights and options. The Welfare System Strengthens the Availability [...] We want the Faroe Islands to be equally good for everyone, i.e. • That the Faroese people must thrive, develop and flourish, • That all citizens with no regard to social or personal situation are ensured

event that would draw the merciless and powerful light of the whole world’s projectors to the combatants in the Laugardals hall, Fischer and Spassky, as well as to the rest of the Icelandic society. This [...] great credit to the House of Industry. I recently read the book about Bobby Fischer, the American chess player who defeated the Soviet chess machine in Reykjavík way back when. This was the first time Icelanders [...] Gorbatjov and today the Icelanders feel right at home in all the world’s marble halls. Perhaps the capital of a colony is not as interesting as the capital of a republic. But speaking of the chess effect, a

between the license holders and the Faroe Petroleum authorities. In addition, the annual acreage payment, which is a fee the license holders have to pay for the licensed area, increases as the years pass [...] gets off the ground in Stavanger, Faroe industry is a part of the exhibition and are offering their services. From the authority’s point of view, we have decided to be part of the Faroe stand at the exhib [...] years since the first oil exploration licenses were awarded. This happened on the 17th of August 2000. By so doing, a new facet was added to the varied Faroese economy. For many no doubt, the hope was that

and the problem with the collation of knowledge is very often that the registration method is too complicated for the common user. The Keel Solution system is quite user-friendly. For example, the system [...] advantages, but the danger is that the market is not familiar with the product. Experience shows however, that if we are presented with the opportunity to explain/demonstrate the system, the interest is large [...] knowledge in the various ventures be utilised in the most effective manner. -Drilling platforms can use over 60.000 various components in their construction. The people who build the platform are not the same

merger between the former Tourist Board and the Trade Council. SamVit is to carry out the chosen national trade policy. The main functions of the organisation are to encourage innovation and enterprise [...] in the Faroese area that have not been drilled yet, and there is growing consensus that they are likely to yield significant discoveries in the years to come. The successes on the UK side of the Faro [...] experience in the maritime sector as well as the oil sector. The fact that we have lived off the sea for generations and are used to rough weather conditions is a clear benefit when working in the oil industry