The Faroe Island is an archipelago of 18 islands in the North Atlantic and are a self-governing nation under the sovereignty of the Kingdom of Denmark. It has a total land area of 1,399 km2 and a population of just over 48,000. over a third of the Faroese population lives and works in the capital, Tórshavn. A local parliament – the Loegting – looks after the islands’ affairs, although Copenhagen is responsible for defence and foreign relations. Infrastructure in the Faroe Islands is extremely well developed. Telecommunications and high speed internet plus a comprehensive road network and tunnel and ferry connections all provide an excellent base for maintaining the economic, social and cultural viability of communities all around the country.
While the islands’ rugged coastlines and extensive bird life is a draw for some, the Faroes also offer the prospect of major offshore reserves of oil and gas. The Faroe Islands participate actively in a range of international fisheries management arrangements and organigations. Fishing is the main economic activity on the islands, and Danish subsidies remain an important source of income.
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