INFORMATION MEMORANDUM 2006 1 INFORMATION MEMORANDUM 2006 THE FAROE ISLANDS e OCTOBER 2006 Landsbanki Føroya | P.O. Box 229 | FO-110 Tórshavn | Faroe Islands | Tel. +298 308120 | Fax +298 318537 | www.landsbankin.fo |
[email protected] INFORMATION MEMORANDUM 2006 2 TABLE OF CONTENTS 1. FACT SHEET...................................................................................... 4 2. RECENT DEVELOPMENTS 2005–2006 .................................................. 7 2.1 Population .................................................................................................................................7 2.2 Political......................................................................................................................................7 2.3 International Relations ...............................................................................................................7 2.4 Economy ...................................................................................................................................7 2.5 Industries...................................................................................................................................7 2.6 Labour Market ...........................................................................................................................8 2.7 Foreign Trade............................................................................................................................9 2.8 The Financial System ................................................................................................................9